The Fenton Team Real Estate News & Advice

Vancouver Island Real Estate BlogWelcome. This section of Just Listed Vancouver Island is meant as an information centre where you will find article written by professional real estate agents with The Fenton Team. 

It is our sincere hope that you will find our articles to be in-depth and useful, and not simply another real estate blog. We will be sharing articles about: the Vancouver Island real estate market; real estate news; community information for cities and towns across Vancouver Island; and information for other real estate agents wanting to learn. 

Please let us know if you have a question about a topic not yet listed in this section, and we’ll be happy to post an in-depth article for you on the topic right away.  

Oct. 24, 2018

Discover Alberni Episode 1: Sproat Lake

 

Welcome to the Alberni Valley, home of Vancouver Island’s premier warm water lake. The waters of this popular British Columbia vacation destination are so clear that you can easily see thirty feet down. Waterfront homes, cabins and lots dot the shoreline, but the majority of Sproat Lake’s 140 kilometers of foreshore remains uninhabited, and is lined by beaches and beautiful Douglas fir forests. Road access to Sproat Lake is a short distance from Highway 4, the highway that connects the rest of Vancouver Island to world famous Ucluelet, Tofino and Long Beach. Thousands of tourists stop to enjoy the waters of Sproat Lake every year on their way to the Pacific Rim. Needless to say, Sproat Lake offers top-notch warm water swimming, water skiing, boating, house boating, fishing, camping, nature watching and even wind surfing.

Thanks for reading - I'd love to answer any questions or receive any comments you may have.

Oct. 19, 2018

What is important to remember when you are looking to sell during the cold months?

Tips for selling your home in the fall and winter

Posted in Real Estate News
Oct. 19, 2018

Vancouver Island Real Estate Stats - October 2018

At The Fenton Team we believe it is important to provide both investors, and homeowners, useful information about the Vancouver Island real estate markets. This information should serve as a key pillar in any real estate decision making process, whether it be buying or selling. 

Using data provided by the Vancouver Island Real Estate Board we have broken down what we believe to be key metrics for good real estate decision making on Vancouver Island. We have separated the information into the communities of Port Alberni, Ucluelet, Tofino, Parksville, and Qualicum. The statistics below are for single family homes only, and compare October of 2018 to the previous year 2017.

We believe that Median Sale Price best represents the value of a typical house (rather than Average Sale Price). The average days on the market tells us how quickly homes are typically selling if priced correctly. Finally, comparing the number of homes listed, and the number of homes sold, gives us a picture of supply and demand, which is critical in understanding where the market is at, and where it might be going. 

The statistics are provided below. If you would like an interpretation from The Fenton Team’s CEO on any given statistic, please comment below and he’ll be more than happy to help.  

 

Port Alberni

 

 

September 2018

September 2017

Homes Listed

28

42

Homes Sold

16

42

Avg Sale Price

$278,286

$263,316

Median Sale Price

$280,000

$245,000

Avg Day on Market

60

38

 

Ucluelet

 

 

September 2018

September 2017

Homes Listed

0

4

Homes Sold

0

2

Avg Sale Price

0

$488,500

Median Sale Price

0

$537,000

Avg Day on Market

0

16

 

Tofino

 

 

September 2018

September 2017

Homes Listed

1

2

Homes Sold

0

3

Avg Sale Price

0

$1,190,450

Median Sale Price

0

$1,644,900

Avg Day on Market

0

57

 

Parksville

 

 

September 2018

September 2017

Homes Listed

26

27

Homes Sold

11

20

Avg Sale Price

$547,736

$512,560

Median Sale Price

$560,000

$507,500

Avg Day on Market

28

15

 

Qualicum

 

 

September 2018

September 2017

Homes Listed

39

38

Homes Sold

5

23

Avg Sale Price

$731,000

$763,173

Median Sale Price

$635,000

$680,000

Avg Day on Market

10

29

Sept. 7, 2018

Vancouver Island Real Estate Stats - August 2018

At The Fenton Team we believe it is important to provide both investors, and homeowners, useful information about the Vancouver Island real estate markets. This information should serve as a key pillar in any real estate decision making process, whether it be buying or selling. 

Using data provided by the Vancouver Island Real Estate Board we have broken down what we believe to be key metrics for good real estate decision making on Vancouver Island. We have separated the information into the communities of Port Alberni, Ucluelet, Tofino, Parksville, and Qualicum. The statistics below are for single family homes only, and compare August of 2018 to the previous August 

We believe that Median Sale Price best represents the value of a typical house (rather than Average Sale Price). The average days on the market tells us how quickly homes are typically selling if priced correctly. Finally, comparing the number of homes listed, and the number of homes sold, gives us a picture of supply and demand, which is critical in understanding where the market is at, and where it might be going. 

The statistics are provided below. If you would like an interpretation from The Fenton Team’s CEO on any given statistic, please comment below and he’ll be more than happy to help.   

 

Port Alberni

 

 

August 2018

August 2017

Homes Listed

35

57

Homes Sold

21

55

Avg Sale Price

$332,827

$296,660

Median Sale Price

$329,900

$273,000

Avg Day on Market

35

56

 

Ucluelet

 

 

August 2018

August 2017

Homes Listed

5

7

Homes Sold

1

2

Avg Sale Price

$644,000

$631,000

Median Sale Price

$644,000

$631,000

Avg Day on Market

25

8

 

Tofino

 

 

August 2018

August 2017

Homes Listed

2

0

Homes Sold

1

1

Avg Sale Price

$515,000

$850,000

Median Sale Price

$515,000

$850,000

Avg Day on Market

6

99

 

Parksville

 

 

August 2018

August 2017

Homes Listed

33

29

Homes Sold

14

16

Avg Sale Price

$508,642

$475,361

Median Sale Price

$476,500

$460,000

Avg Day on Market

33

16

 

Qualicum

 

 

August 2018

August 2017

Homes Listed

47

43

Homes Sold

19

28

Avg Sale Price

$620,263

$599,890

Median Sale Price

$601,000

$520,000

Avg Day on Market

21

23

May 30, 2018

New Real Estate Consumer Protection Rules

On June 15, 2018 there will be sweeping changes to how real estate is bought and sold in British Columbia. These new rules, which were set out by the newly created Superintendent of Real Estate, change the way real estate professionals in BC provide service to the general public. 

Real Estate Consumer Protection Rules BC

There is an incredible amount of misinformation out there about these rule changes, and the purpose of this article is to provide a straightforward explanation on how these new rules affect you, the real estate consumer. It is not the intention of this article to cast judgement on the rule changes, but to remain impartial while explaining them. As a disclaimer, the deadline to implement the changes has already been pushed back, as the rules and associated forms are being changed on what seems like a daily basis. With changing information, and little in the way of education for real estate professionals, this is an honest attempt to explain the new rules in a very fluid situation. If you would like a legal opinion about real estate agency, it is advisable to speak with a Lawyer, which I am not. 

For the most part these rule changes revolve around the banning of a concept called Limited Dual Agency. Limited Dual Agency is a practice implemented by the provincial government of British Columbia, which has been in place for my entire 15 year real estate career. Basically, it goes like this. Imagine I have a client who has signed a Multiple Listing Contract with me to sell their home for the most money possible. I have a second client who wants to buy the home, and of course their intention is to pay the least amount of money possible. This scenario puts me in an impossible situation: I am legally, and ethically, bound to serve two masters with opposing interests. In an attempt to level the playing field for all parties, Limited Dual Agency, had us limit our agency responsibility to both parties. In essence, we were not to disclose to either party three key pieces of information about the other party: (1) the price they were willing to take/pay; (2) the motivation for selling/buying; or (3) any personal information about the parties aside from what was written on the Contract of Purchase and Sale.

On June 15, 2018 Limited Dual Agency will be banned in British Columbia (except in rare situations).  The same scenario will now play out differently. I will still have a client who has signed a Multiple Listing Contract with me to sell their home for the most money possible. However, when my buying client informs be that they would like to buy the house; I will not be able to represent them as a client. The Buyer in this case will have the choice to: (1) as an “Unrepresented Party”, have me facilitate the Contract of Purchase and Sale; or (2) begin working with another real estate professional in an agency relationship. The choice for you as the buyer will be between working with me, presumably as the real estate agent you trust, or work with another real estate professional you may not know or trust. As you can imagine, the choice is not necessarily a straightforward one. 

Let’s assume for a moment, that because of our relationship and the trust we share, you decide to have me facilitate the sale with you being an “Unrepresented Party”. You will have to sign a new form called ‘Unrepresented in a Real Estate Transaction? Know the Risks.’ Interestingly, the risks outlined are that I will not be able to disclose to you: (1) the price the Seller is willing to take; (2) the motivation for selling; or (3) any personal information about the Seller aside from what was written on the Contract of Purchase and Sale. Does that sound familiar? That’s because it’s the exact same information we limited already under Limited Dual Agency. The difference now is that limitation only applies to one party and not the other, so you will want to be careful in this case not tell the real estate professional what your top dollar is (in my experience clients very rarely share that information anyway), because that professional will now have a legal obligation to share the information with the Seller.  

From my perspective, it is impossible to say that deciding to enter into an “Unrepresented Party” agreement is in your best interest 100% of the time, or not in your best interest 100% of the time. Again I’m not a Lawyer, but from a practical perspective it seems that it really depends on the scenario. Do you know, like and trust the real estate professional? Do you feel like the listing agent might be able to have better success facilitating a deal? 

In my experience in life in general there is often a disconnect between the rules and the reality. I’m confident that my clients know in their hearts that I am honest and fair. At the end of the day honest and fair is all that matters to me in life. I know with certainty that there are many other agents out there who are also honest and fair. In 2016 and 2017 my team facilitated dozens of sales to “Unrepresented Parties” (which was at the time called “No Agency”). The reason we did this was that the Seller of those properties was a real estate professional on our team. I’m am 100% confident that each of those transactions was done in a fair and honest way. I know this because I have the Buyer testimonials to prove it. 

At the beginning I promised not to cast judgement on the new rules. I’m going to amend that promise now for reasons that will become obvious. We set out to build a team of true real estate professionals at the beginning of 2016. We began the business plan, by addressing what we thought were the most pressing issues in the real estate industry. The list of issues is beyond the scope of this article, however I will point out that at the top of the list was the conflict between representing Buyer and Seller on the same transaction. I have to commend the Superintendent of Real Estate in this regard, I agree with his wish to address the issue. What our team decided to do was dedicated Listing Agents and Buyer’s Agents on our team. Our Listing Agents do not from practical perspective deal directly with Buyers, and our Buyer’s Agent’s do not directly interact with our selling clients. This was our attempt to create a more honest real estate environment and be proactive about the problem of Limited Dual Agency. Unfortunately, the Superintendent of Real Estate has decided that legally speaking this practical separation does not count, and our Buyer’s Agents are deemed agent of our Seller’s even though they have more often than not, never even met them. It is my hope that the real estate law in British Columbia will catch up with this team model in the future, as in my opinion it provides the best real world solution to the challenge of agency.             

Chris Fenton, Personal Real Estate Corporation
Team Leader, BCom
The Fenton Team
Royal LePage Port Alberni Pacific Rim Realty

Posted in Real Estate News
Jan. 17, 2018

Probate and the Real Estate Sale

If you've been involved in the real estate market for any length of time, you've likely come across an "estate sale". In real estate, an estate sale is a sale to dispose of a home or property owned by a person who is recently deceased. In order to complete on an estate sale, the property has to go through the probate process in British Columbia. Probate is the procedure in which a last will and testament is validated and approved by the Court. The probate process also confirms the appointment of the person named as executor in the will.

The Probate Process in BC

When it comes to the probate process there are some key points worth knowing. Generally, once an estate enters the probate process, months pass before a home is able to be sold. This process is set up this way to ensure that there are no claims against the deceased’s beneficiaries, or creditors, as well as to verify the third party’s legal appointment by the deceased to carry out the many tasks assigned to the executor.

When a homeowner passes away, executors are often in a rush to complete the sale process of the property. This is a natural human reaction to a stressful situation. However, the probate process takes time, and the executor is required to wait until they are granted the letters probate from the court before they finalize the sale. This vital document gives a the executor the power to sell an asset and ultimately determines the destination of the payment.

While the probate documents are being processed by the courts, the property may be listed for sale provided the executor specifies that any sale be conditional upon the letters of probate being granted. The Land Titles Office will not register a new owner without a court certified copy of the letters of probate. If an offer on the property comes out of the property’s listing, the offer must be made "Subject to Probate".

The role of executor involves a number of responsibilities which require specific documentation as well as consultations with legal, banking, government agents and real estate professionals often for the duration of the probate process. Even after the granting of probate occurs there are tasks such as distributing the assets and estate, and ensuring all taxes and any outstanding bills are paid. This often involves research and quite a bit of running around so to speak.

A real estate agent may assist the beneficiaries indicated by the will to deal with offers, counter offers, and consulting with the executor or executrix of the will. The entire process can take an average of six months to a year, and therefore it is advantageous to familiarize yourself with this process. If considering purchasing a home which is subject to probate, or if you are a beneficiary or an executor/executrix of a will involving a property, check with you lawyer and real estate agent to help guide you through the process smoothly.

Posted in Real Estate News
Dec. 27, 2017

This Tool Will Change Your Real Estate Business

In my experience great salespeople are not always great business people. This is one of the main reasons why I’m such a big fan of real estate teams. Within a team, a group of people can be assembled with complementary skill sets and personalities.  

I’ve noticed that real estate businesses often evolve from beginnings as a solo operation.  For this reason, I wanted to give great sales people a very simple, but extremely powerful, tool for turning their career into an actual business. If you do nothing else from a strategy perspective each year, do this!

The idea is simple, find out where your business came from in the previous year, decide in which areas you want it to grow, then create an annual budget to achieve those goals. Don’t let the word budget scare you, I promise this is simple and I’ll walk you through it.

Step 1 - Determine Where Your Business Comes From

Begin by printing out every sale (both listing & buying) that you, or your team, where responsible for in the most recent year. Create a spread sheet (or download ours) in which you create categories for every business source (where the business came from). Go through your actual sales and add the totals to the spread sheet in a column labelled “2017 Actual”.

Real Estate Business Source Tracking Spread Sheet

Step 2 - Decide Where You Want to Improve

Next, decide in which areas you think you could most easily, and most cost effectively improve.  In your spread sheet create another column named “2018 Goal”.  Fill out how much business you want to achieve from each business source in the coming year.     

Step 3 - Create a Budget to Achieve the Goals

This is the most important part. Create a Budget for 2018. This can be a simple Marketing Budget, in which you decide how much to spend in 2018, and in which areas to spend it. The key is not to fall in the same trap that most real estate agents fall into – do not base it on what you’ve always done.  Base it on what you want to do!

In Step 2 you already decided how much of your business you want to gain from each category. Your budget should match those categories closely.

Step 4 - Stick to it!

This is the hard part for many real estate agents.  You have to stay the course. Don’t let fear, or overwhelm, get the better of you. Trust your planning and stick to it for 12 months. You’ll be amazed how well it works, and how much it frees you from having to make spending decision throughout the year.

How Well Does it Work in Real Life?

Above you can see a real life example from our business. In 2015 we sold 75 units of real estate. As you can see, in 2017 we wanted to increase our business by 25% (20-25% is considered a reasonable growth rate in the real estate industry).

We set a goal of 94 units sold, and for the first time implemented this simple planning tool. As you can see, we blew away our goal! The most interesting part is how closing the real life results met with the planned goal for each category. The only place we continued to falter was in referrals from past clients. That was not a problem with the planning tool, but rather a misunderstanding about how you achieve referrals from past clients.

At the beginning of 2017, we went through the process again. As you can see from the table below, we improved in nearly every area that we set out to improve in.  Again we didn’t meet our goals for Past Client Referrals (but I promise we will in 2018, having learned so much from the process).  We also didn’t meet our goals in the Print Campaign (farming) section, but that likely has more to do with unrealistic expectations for a first year of the campaign.

Why Does this Work So Well?

This simple planning tool takes me about 2 hours of work each year and yet it is responsible for a 75%+ increase in revenue over a two year span.  So, why does it work so well?  The answer is simple; it gets you thinking about your business and the money you spend in a new way.

A good example from our business was newspaper advertising. Before we began this planning process, newspaper advertising was our single largest expense item. Every year, we did more of what we did the year before. We spent on newspapers advertising without thinking. When we began using this tool, we started to ask ourselves “Why are we spending so much on newspaper advertising? Which business source area is it responsible for?” The answer was simple – newspaper advertising was simply not the most cost effective way to attract business.

Once we had that figured out, the question became “What is the most cost effective way to attract business?”  The answer for us was through search engines, through social media, and by focusing on our past clients.  We shifted resources from newspaper to these areas, and the results speak for themselves.

It’s my sincere hope that this article will start you thinking about your business. By no means do we have all the answers, but we’re always searching for them, and I hope you do the same. For your convenience, I’ve included a template of our planning document for your use.  Best of luck in 2018!

Dec. 14, 2017

Building Forever Client Relationships

There is no question in my mind that the most important aspect of running any business is a deeply satisfied customer. This is especially true in the real estate business. Our reputations as real estate professionals are the most important asset we have, and what our clients think about the level of service we provide dramatically affects the bottom line. 

Forever Real Estate Clients

There are two terms that have become ingrained in the culture of our real estate team: 'forever clients'; and 'deliver the unexpected'. In this article I'm going to outline some way that we can make our clients advocates for our businesses future growth, focusing on these two concepts. 

The Service Your Provide Now

Recently I came across a Faceook post written by renowned real estate team coach Ken Goodfellow:

"Your current clients will be your past clients soon. If you do a good job, they will remember you well. But if you want to get referrals, doing a good job won’t be enough. You need to over-deliver and exceed expectations. They should be so impressed with your service that they go ahead and tell their friends and family about the great job you have done."

While this should be obvious, it still serves as a powerful reminder. Because, if you deliver the unexpected now, your clients will always remember you. On the flip side, if they walk away from the transaction unhappy with your service, you won't receive future referrals no matter how well you stay in touch. 

Ask for It

When the time is right, you have to look your client square in the eye and say "My business is built on recommendations from our clients. Does anyone you care about need help buying or selling a home? I promise to give them the same level of honest and prompt service I provided to you." 

You cannot assume that your clients understand how important their recommendations, to family and friends, are to your business. You have to ask them for their help. 

The best time to ask a client for this type of help in my experience, is once their sale has gone unconditional or right after they take possession. The former is the time that they are constantly talking to friends and family about real estate and therefore likely know who's in the market. The latter is the time of maximum happiness. 

Post Transaction Follow Up

The work I do with clients in our business is primarily listing homes for sale. Right after my clients sign the listing contract, and I've gone over what they can expect I look them square in the eye and say:

"My goal in this relationship is to do such a good job for you that you want to tell all your friends and family about our team. If for any reason I'm not meeting or exceeding your expectations, please let me know right away so that I can fix the situation."

This reinforces with the client that I'm awesome! It also makes it very clear that I care. It hopefully opens the door for them to address any issues they're having with me, rather than to hash it out at the barber shop. Finally, it lets them know from the start of the relationship, that I want to earn their referral business. 

Throughout the process of selling their home (or helping buy a home) we strive to deliver the unexpected and exceed their expectations. This means doing things for them that they don't expect from a real estate agent. Doing a really good job with the marketing is great, but it's not going to wow anybody.  They expect good marketing from you. Dropping off some flowers on their birthday will wow them! 

Moving Day

Once the  sale has completed, after you've given them their keys and gift, that's when the fun starts. You need to follow up days/weeks after the possession dates, so they know you really do care.  Maybe you offer to have someone pick up their moving boxes and any garbage they have - that would be unexpected. 

Staying in Touch

Now it's time to stay in touch. And this means calling your past clients. Period. Set up a CRM and put an action plan in place. Then every day (or at least every week) set aside time to call your past clients. You have to guard this time block with stoic determination, because I promise there are days that you won't feel like making those calls. 

Client Relationship Management

What are you calling about? That's the tricky part, but try to bring value to them. Call them about something of interest: something in their neighbourhood; changes to mortgage laws; offer to help them challenge their tax assessment. Whatever you call about, just call!

Now you also want to follow up using other channels. Friend them on Facebook, move them into organized lists, and be sure to comment on their life. Send out Birthday cars, mother's day cards, father's days cards, and holiday cards. Email them a monthly market update, or helpful tips and tricks.

Next organize your past client database into categories that are actually helpful. Start by organizing them into groups by neighbourhood, building or development. Then when you hear something of interest to anybody living in that neighbourhood send them a video email message letting them know. When you list a home in the neighbourhood, let them know because maybe their family and friends want to move nearby! This last one will get you referrals, guaranteed. 

Showing Your Appreciation

Lastly, and most importantly show your appreciation. In our team we deliver a potted flower to our past clients at the beginning of spring. We live in a rain forest, so getting a daffodil after four months of fog having finally lifted is a feel good moment with our name on it. We deliver holiday gifts too.

Now, you'll reach a point where you simply can't deliver a gift to everyone, because you simply have too many past clients. At this point you want to consider grouping your database into 'past clients' and 'advocated for your business'. The latter group  are those who have shown a propensity to send you referral business. Those people might get the VIP treatment, while all your clients get a lesser (but still good!) level of treatment. 

Finally, there are client appreciation events. These are golden opportunities to get in front of past clients, to remind them that they love you. You have to bring them value here. And that value depends on your particular client base. Generally, events that cater to kids are a good idea, because parents and grandparents love to see their  kids smile!

Forever Clients

Approach your career with integrity. Deliver the unexpected to you clients.  Stay in touch, and show your appreciation. Then ask for referrals from their friends and family, and I promise you you'll see a return on your investment like no other in the business world. 

Dec. 14, 2017

The Fenton Team Recognized as Top 1% in Canada

Today,  Chris Fenton Team Leader of The Fenton Team, was honoured with the Royal LePage Chairman's Club award for 2017. The Royal LePage Chairman's Club is awarded to the top 1% of Realtors across the country. It is the first time that a Port Alberni real estate agent has been honoured with this prestigious award. 

Chris Fenton Royal LePage Chairman's Club

"It is my great pleasure to present to you our 2017 National Chairman's Club award winners.  These extraordinary sales professional make up the top 1% of our extensive national network of almost 18,000 REALTORS." said Phil Soper President & CEO of Royal LePage, "Each has earned this prestigious award through her or his exceptional accomplishment and unwavering commitment to excellence."

Making the achievement more extraordinary is the fact that the Alberni Valley is a relatively small market with average sale prices, and number of homes sold,  far below that which is common in major Canadian cities. 

While the Royal LePage Chairman's Club is an individual award that generally goes to Team Leaders, there is no question that it is also a recognition of the excellence that each member of The Fenton Team bring to the real estate industry on Vancouver Island. The Fenton Team operate with a unique team approach, centering on client care and specialization, that has allowed them to rise to the top 1% of Realtors in Canada so quickly. 

"This is truly a team award, nobody reaches the Royal LePage Chariman's Club without an exception team around them." said Chris Fenton, "I am blessed to have an amazing business partner in my mom Esther Fenton, dynamic agents in Andrea Knoll, Vittoria Solda, Tomm Dool, and Danielle Marley, and a dedicated Listing Coordinator in Tracey. Not to mention an amazing network of coaches and mentors. Most importantly my wife Kim and my two kids are the loves of my life and a tremendous support and daily inspiration."  

The Fenton Team is one of Vancouver Island's leading real estate marketing and sales teams. Their vision is to provide a progressive real estate service model for their clients: state-of-the-art technological expertise, professional sales and marketing expertise, and concierge-level customer service. They believe that above all else real estate professionals should provide a high degree of honesty and accountability.  

 

Posted in Real Estate News
Dec. 13, 2017

Vancouver Island Real Estate Stats - November 2017

At The Fenton Team we believe it is important to provide both investors, and homeowners, useful information about the Vancouver Island real estate markets. This information should serve as a key pillar in any real estate decision making process, whether it be buying or selling. 

Using data provided by the Vancouver Island Real Estate Board we have broken down what we believe to be key metrics for good real estate decision making on Vancouver Island. We have separated the information into the main communities on Vancouver Island (with the exception of Victoria). The statistics below are for single family homes only, and compare November of 2017 to the previous November. 

We believe that Median Sale Price best represents the value of a typical house (rather than Average Sale Price). The Sale $ /List  $ stat tells us how close homes are selling to their listing price in any given market. The average days on the market tells us how quickly homes are typically selling if priced correctly. Finally, comparing the number of homes listed, and the number of homes sold, gives us a picture of supply and demand, which is critical in understanding where the market is at, and where it might be going. 

The statistics are provided below. If you would like an interpretation from The Fenton Team’s CEO on any given statistic, please comment below and he’ll be more than happy to help. 

 

Port Alberni

 

 

November 2017

November 2016

Homes Listed

29

34

Homes Sold

31

31

Median List Price

259,900

259,900

Avg List Price

298,412

313,893

Avg Sale Price

286,741

299,888

Sale $/List $

96.1%

95.5%

Avg Day on Market

52

52

 

 

Ucluelet

 

 

November 2017

November 2016

Homes Listed

4

2

Homes Sold

2

1

Median List Price

508,650

289,000

Avg List Price

508,650

289,000

Avg Sale Price

480,250

262,000

Sale $/List $

94.4%

90.1%

Avg Day on Market

156

5

 

 

Tofino

 

 

November 2017

November 2016

Homes Listed

3

1

Homes Sold

3

2

Median List Price

1,699,000

699,000

Avg List Price

1,322,333

699,000

Avg Sale Price

1,283,300

595,000

Sale $/List $

97.0%

85.1%

Avg Day on Market

28

131

 

 

Parksville/Qualicum

 

 

November 2017

November 2016

Homes Listed

86

82

Homes Sold

58

54

Median List Price

549,900

499,000

Avg List Price

594,150

559,122

Avg Sale Price

582,983

550,320

Sale $/List $

98.1%

98.4%

Avg Day on Market

30

24

 

 

Campbell River

 

 

November 2017

November 2016

Homes Listed

42

41

Homes Sold

43

43

Median List Price

397,900

349,900

Avg List Price

415,948

372,606

Avg Sale Price

414,664

364,850

Sale $/List $

99.7%

97.9%

Avg Day on Market

45

48

 

 

Comox Valley

 

 

November 2017

November 2016

Homes Listed

71

53

Homes Sold

60

61

Median List Price

485,000

399,900

Avg List Price

542,801

453,665

Avg Sale Price

534,259

445,178

Sale $/List $

98.4%       

98.1%

Avg Day on Market

43

60

 

 

Nanaimo

 

 

November 2017

November 2016

Homes Listed

154

135

Homes Sold

109

89

Median List Price

699,000

429,900

Avg List Price

538,652

479,419

Avg Sale Price

534,840

477,277

Sale $/List $

99.3%

99.6%

Avg Day on Market

30

29

 

 

Duncan

 

 

November 2017

November 2016

Homes Listed

110

98

Homes Sold

105

75

Median List Price

462,500

399,900

Avg List Price

491,768

417,713

Avg Sale Price

482,605

409,269

Sale $/List $

98.1%

97.8%

Avg Day on Market

34

50