Sales outpace new listings again! The October Graph Stats show 87 single family sales and just 77 new listings, resulting in an active inventory of just 107 homes at month end. The current twelve months to date average price under the recently changed statistical model is $561,741, up 8.64% from last year. Homes continue to…

Sales outpace new listings in September The September Graph Stats show a substantial increase of 113 single family sales compared to just 53 for the same month last year. The number of sales outpaced the 104 new listings, resulting in an extremely low inventory of 137 active listings at month end. The current twelve months…

The latest Graph Stats for our area are attached for your review. You may notice these statistics are in a different format than what I have sent you in the past. This is due to new statistical modelling which now includes categories of homes previously excluded in the “Single Family Home Sales Graph” The addition…

The July Graph Stats show a substantial increase of 93 single family sales compared to 70 in June. This was also up substantially from the 77 sales we saw in July 2019. The number of sales outpaced the 84 new listings, resulting in only 157 active listings at month end compared to 234 at the…

The June Graph Stats show a small increase in the number of sales that happened in May this year and were down 18% from the same month last year. There was a bit of a decline in the number of new listings with only 90 compared to 116 in June 2019. The current active inventory…

The May Graph Stats show a subjstantial increase in the number of sales that happened in April, and were down just 5% from the same month last year. There was a sharp decline in the number of new listings with only 81 compared to 146 in May 2019. Therefore the current active inventory is also…

The Graph Stats for April show an expected sharp decline in sales. Single family sales in the Cowichan Valley were down 43% compared to the same month last year, and much of the Vancouver Island followed a similar trend. Inventory remains relatively low and despite the drop-in sales, there has been no noticeable effect on…

The March Graph Stats show a healthy Real Estate market prior to the effects of the Covid-19 Crisis. There were 111 new listings which was a 17% increase from the same month last year. Single family sales were down slightly with 51. The next few months are expected to be slow, but the market will…

Real estate sales picked up in February with 50 single family sales compared to 26 in January. It was also up considerably from February last year with a 43% increase in the number of single family sales. Inventory is up slightly year over year with 142 homes currently for sale. Graph Stats February 2020

Real Estate sales got off to a relatively slow start with only 26 single family sales reported. For the most part, this was due to a lack of inventory. The weather also likely played a role. We expect sales numbers to increase in February. The average sale price of a single-family home in January was…