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/Qualicum, Courtenay, Campbell River, Nanaimo, and Duncan . The statistics below are for single family homes only, excluding waterfront home sales, and compare year to date 2019 (January 1-April 15) to the same time frame last year.

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. The Sale : List Price ratio tells us how closely homes are selling to their asking price. 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 Chris Fenton on any given statistic, please comment below and he’ll be more than happy to help.  

Port Alberni Stats

  2019 2018
New Listings 133 138
Sales 68 104
Median Sale Price $305,000 $306,000
Average Sale Price $321,776 $345,281
Sale : List Price 97.5% 97.5%
Average Days on Market  48 44

Ucluelet Stats

  2019 2018
New Listings 10 14
Sales 7 10
Median Sale Price $645,000 $510,000
Average Sale Price $603,357 $471,850
Sale : List Price 93.0% 84.6%
Average Days on Market  114 36

Tofino Stats

  2019 2018
New Listings 6 7
Sales 2 3
Median Sale Price $1,250,000 $940,500
Average Sale Price $1,250,000 $940,500
Sale : List Price 89.3% 98.1%
Average Days on Market  93 11

Parksville/Qualicum Stats

  2019 2018
New Listings 353 342
Sales 161 214
Median Sale Price $550,000 $570,100
Average Sale Price $632,164 $636,759
Sale : List Price 98.2% 99.5%
Average Days on Market  41 29

Courtenay/Comox Stats

  2019 2018
New Listings 346 338
Sales 157 264
Median Sale Price $572,000 $510,000
Average Sale Price $608,754 $538,894
Sale : List Price 98.4% 99.0%
Average Days on Market  48 37

Campbell River Stats

  2019 2018
New Listings 216 176
Sales 120 144
Median Sale Price $449,000 $418,000
Average Sale Price $469,733 $435,277
Sale : List Price 98.7% 99.1%
Average Days on Market  27 40

Nanaimo Stats

  2019 2018
New Listings 655 648
Sales 296 401
Median Sale Price $539,000 $530,000
Average Sale Price $565,687 $552,692
Sale : List Price 98.6% 99.8%
Average Days on Market  33 23

Duncan Stats

  2019 2018
New Listings 360 396
Sales 190 304
Median Sale Price $520,000 $505,000
Average Sale Price $537,700 $539,545
Sale : List Price 99.1% 99.8%
Average Days on Market  47 35