Look for Marc LaCouvée's monthly article in every edition of The Beacon Magazine (www.eyesonbc.com)!
PARKSVILLE & QUALICUM BEACH FORECAST FOR HOUSING IN 2011 - page 2 of 2
Dramatically increased activity in lot sales in the Parksville and Qualicum Beach region also bodes well for the market in 2011. 37 lots were sold in Oceanside in 2009. In 2010, up to the end of November, that number is more than twice as high with 84 lots sold! I consider this to be an important indication of speculative buying, especially by builders – definitely a strong sign of market confidence!
As for the key price point range from $300 to $500 thousand, unit sales of single family homes in the Parksville and Qualicum Beach region were almost identical from 2009 to 2010. I expect we’ll see a modest increase in number of homes sold for this type of property in 2011.
Are you interested in having access to Parksville and Qualicum Beach market information? Every month, I post the latest stats on my website at www.lacouveehomes.com. These detailed reports include important figures such as sales price and days to sell averages. You’ll also find the Vancouver Island Real Estate Board HOME SALES Map with data for other nearby communities including Nanaimo, Port Alberni / West Coast, Campbell River and the Comox Valley. I welcome you to visit my website soon to easily find this useful information.
Please remember to talk with a local REALTOR® to examine how the market affects your particular circumstances. Jim Stewart, the Vancouver Island Real Estate Board’s President-Elect says that, “Although there are signs of stability in the market, it is critically important to consult with a REALTOR® to be properly informed on how it might affect an individual situation.”
Sources: Vancouver Island Real Estate Board, BCREA Forecast
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