A CALM START TO THE YEAR HERALDS A GREAT TIME TO BUY Cowichan Valley January Sales Stats (if you would like more sales details please email me) Last month, 165 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 24 percent decrease from one year ago and a drop of 18 percent from December. Sales of condo apartments in January 2023 came in at 42, Read more →
Quiet December Closes Out the Year - Vancouver Island Real Estate Board Last month, 200 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 10% decrease from one year ago and a drop of 18% from November. Sales of condo apartments in December came in at 35, declining by 53% year over year and dropping by 36% from November. In the row/townhouse category, 2 Read more →
CONTINUING INVENTORY GAINS POSITIVE SIGN FOR NEW YEAR Last month, 244 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 30 percent decrease from one year ago and down by two percent from October. There were 54 condo apartment sales in November 2022, a decline of 50 percent year over year and up by 29 percent from October. In the row/townhouse c Read more →
HOUSING MARKET QUIETS AS YEAR-END APPROACHES Last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37 percent decrease from one year ago and up by three percent from September. There were 42 condo apartment sales in October 2022, a decline of 65 percent year over year and down by 19 percent from September. In the row/townhouse categ Read more →
FALL BRINGS MORE BREATHING ROOM FOR BUYERS Vancouver Island Real Estate (excluding Victoria) - Last month, active listings of single-family detached properties nearly tripled from September 2021, jumping to 1,417. VIREB’s inventory of condo apartments was 332 in September 2022, up from 167 listings one year ago. There were 295 row/townhouses for sale last month, nearly t Read more →
CALMER MARKET CONDITIONS AS SUMMER DRAWS TO A CLOSE Inventory was up, and sales were down in August, reminiscent of a typical summer market in pre-COVID times. Last month, active listings of single-family detached properties (not acreage or waterfront) jumped to 1,368, a 153 percent increase from August 2021. VIREB’s inventory of condo apartments hit 332 last mo Read more →
July Brings More Options for Buyers Due to a significant increase in inventory, July brought more options for buyers in the Vancouver Island Real Estate Board (VIREB) area. Last month, active listings of single-family homes (not acreage or waterfront) climbed by 142 per cent from July 2021 and 15 per cent from June 2022, reaching 1,387. VIREB’s inventory of cond Read more →
RISING INVENTORY A HOPEFUL SIGN FOR BUYERS Inventory in the Vancouver Island Real Estate Board (VIREB) area rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets. Last month, active listings of single-family homes (not acreage or waterfront) climbed by 107 per Read more →
MARKET SHIFTING AMIDST LIGHTER DEMAND AND MORE INVENTORY The Vancouver Island Real Estate Board (VIREB) housing market appears to be shifting amidst lighter demand and increased inventory. Last month, active listings of single-family homes (not acreage or waterfront) climbed by 64 percent from May 2021 and 34 percent from April of this year. VIREB’s inventory of condo a Read more →
ADDITIONAL INVENTORY POSITIVE NEWS FOR BUYERS Inventory in the Vancouver Island Real Estate Board (VIREB) area is climbing, but the housing supply is still far below the level needed to satisfy current demand. Active listings of single-family homes rose by 34 per cent from April 2021 and by 32 per cent from March of this year. VIREB’s inventory of condo apartmen Read more →
Pemberton Holmes Ltd. Duncan
23 Queens Road
Duncan, British Columbia
Independently Owned & Operated
