Slow and steady market growth continues through second quarter

The average price of a single family home sold within the VIREB region in June 2013 was $341,643

Multiple Listing Service (MLS) sales summary data for June released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity across Vancouver Island was up six per cent compared to last year, while average sale prices remain relatively unchanged.

The average price of a single family home sold within the VIREB region in June 2013 was $341,643.

Comparing June 2013 to June 2012, the average sale prices across VIREB’s six geographic areas saw: Campbell River remain virtually unchanged with average sales price listed at $308,850; Comox Valley down eight per cent to $333,297; Nanaimo’s average sales price went up five per cent to $375,080; Parksville/Qualicum prices dropped nine per cent to $369,804; Port Alberni/West Coast increased by five per cent to $207,444, while the Cowichan Valley was up four per cent to $348,924. In terms of unit sales year-to-year,: Campbell River recorded a 12% increase, Comox Valley unit sales decreased by 17%, Nanaimo recorded a 24% increase, Parksville/Qualicum sales rose 18%, Port Alberni/West Coast dipped 35% and Cowichan Valley reported an increase of 23%.