Prices rose quickly in both February and March. Inventory levels climbed throughout the year but fell off in December. The number of days to sell a home varied between a high of 61 in the slow month of January to a low of 35 days in June. Sellers' that did manage to sell their home were getting 97% - 98% of asking price. (if a home listed at 294,000 it likely would sell for $289,000). Homes that were properly priced and in good areas tended to sell quickly. Over priced homes typically went through one or two price reductions before selling.
| Avg. Sale Price 2006 | Avg. Sale Price 2005 | % Change | Avg. # of Days on market | # of homes for sale | Price Ratio (list vs. sell) | List / Sell Ratio | |
| January | 271,520 | 240,872 | 12% | 61 | 356 | 98% | 51% |
| February | 289,927 | 235,903 | 40% | 44 | 391 | 98% | 61% |
| March | 303,279 | 246,461 | 23% | 41 | 399 | 98% | 44% |
| April | 303,420 | 255,916 | 18% | 40 | 433 | 98% | 57% |
| May | 297,152 | 256,035 | 16% | 36 | 497 | 99% | 45% |
| June | 338,948 | 278,537 | 21% | 35 | 542 | 98% | 53% |
| July | 318,716 | 280,485 | 13% | 39 | 532 | 98% | 68% |
| August | 322,120 | 279,160 | 15% | 41 | 562 | 98% | 46% |
| September | 330,000 | 281,643 | 17% | 52 | 558 | 97% | 45% |
| October | 305,339 | 285,927 | 6% | 47 | 564 | 98% | 52% |
| November | 311,417 | 290,705 | 7% | 51 | 501 | 98% | 73% |
| December | 293,442 | 265,427 | 10% | 59 | 430 | 97% | 101% |
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Vancouver Island Sales Statistics Graphs 2000-2006
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