VIREB reports September statistics
Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for September 2010, shows declines in unit sales compared to 2009.
There were 267 sales of single family properties in the VIREB area through the Multiple Listing Service® (MLS®) in September 2010, down 41 per cent from the 449 sales in September 2009.
"We are beginning to see a plateau in inventories while prices are holding their own," says VIREB President Cliff Moberg." "With historically low interest rates still available, it may be as good a time as any to consider buying a home", he adds.
A total of 679 single family homes came on the market in September compared with 687 in September of last year.
The average sale price across the VIREB region for September 2010 was $325,336; a two per cent decrease from the $333,117 posted a year ago.
For the 12-month period from the end of September 2009 to September 2010, average sale prices across VIREB`s six zones were: Campbell River decreased 13 per cent (to $261,423), the Comox Valley was down two per cent (to $327,043), Nanaimo slipped one per cent (to $350,998), Parksville/Qualicum jumped 10 per cent to $392,137), Port Alberni grew three per cent (to $248,136) and the Cowichan Valley slid 11 per cent (to $313,363).
Jim Stewart, president-elect of VIREB says that, "Although there are signs of stability in the market, it is critically important to consult with a REALTOR® to be properly informed on how it might affect an individual situation.
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