Real estate prices up six per cent here

Not all parts of the globe are suffering from real estate woes

Home sales prices in the Parksville and Qualicum Beach area jumped six per cent for the 12-month period from the end of Oct. 2010 to Oct. 2011.

The increase was reported by the Vancouver Island Real Estate Board (VIREB) last week.

Comox Valley rose 10 per cent for the same period, easily the biggest increase in any of the six Vancouver Island Real Estate Board zones.

Campbell River slipped one per cent (to $291,451), Nanaimo rose five per cent (to $356,453), Parksville/Qualicum jumped six per cent (to $366,226), Port Alberni/West Coast went up three per cent (to $219,085) and the Cowichan Valley fell one per cent (to $334,061).

Statistics for October 2011 show that 301 single-family units sold throughout the VIREB coverage area (Vancouver Island north of Victoria) — an increase of 24 per cent compared to September 2010 but close to last month’s 318 units.


The average price of a single family home sold in October through the VIREB MLS system was $325,308, up two per cent from the $318,609 posted in September 2010.