June 2007 MLS® statistics released

For the Parksville/Qualicum Beach Area

Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for June 2007 shows an increase in sales volume and most average sale prices.

The average sale price across the VIREB region for June 2007 was $330,537. This is an 8 per cent increase from the $304,675 posted at the end of June 2006. Unit volume increased over 20 per cent from the end of June 2006 but decreased from the end of May 2007.

VIREB President Jennifer Lynch says housing activity remains strong.

"While it is not uncommon for sales to lag a bit in June as it is a busy time of year for people, we actually saw sales volume increase in five out of VIREB's six zones through the month," Lynch says. "This resulted in the sales volume increase across the region of 20 per cent from June 2006."

Average sale prices across VIREB's six zones, from June 2006 to the end of June 2007: Campbell River was up 13 per cent ($305,342), the Comox Valley increased 9 per cent (at $329,505), Nanaimo is even ($333,349), Parksville/Qualicum increased 6 per cent (to $367,099), Port Alberni increased 16 per cent (to $219,699) and Duncan's increased 10 per cent (to $359,936).

To view the full report please visit: http://www.vireb.com/assets/news/files/june_2007_sales_summary.pdf

Jeff Shields
RE/MAX Anchor Realty
Qualicum Beach, BC