February 2025

January 2025 saw a 32% increase in unit sales over January 2024. This past month was the busiest start to a year we've seen in over 5 years. New listings have remained steady as have weekly sales. I’m forecasting a healthy spring market with values holding and inventory increasing. The next 16 weeks are prime selling weeks for 2025. 

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The time for 2025 real estate planning is now! Email me for a personalized market assessment. I respond to every inquiry personally and prioritize open communication with my clients. I'm here to help! 

Most Recent Market Statistics (January 2025)*

Vancouver Island (not including Victoria)  
205 single-family homes sold. Average price: $817,893 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is up 2%. Average days on market increased by 9% to 49 days. The average condo sold for $428,445. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 15% in days on market. Average days to sell is 55 days. The average row/townhouse sold for $587,551. Row/townhouse unit sales are up 15%, 12 months to date. Row/townhouses have seen an increase by 24% in days on market. Average days to sell is 56 days. Lot sales volume is up 4%. Lot prices have seen no change, 12 months to date. Average lot sale price: $448,107. FULL REPORT HERE.
 

Nanaimo 
53 single-family homes sold. Average price: $841,558 (up 2% from 12 months to date, this year over last). Single-family unit sales volume is up 2%. Average days on market increased by 17% to 41 days. The average condo sold for $444,942. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 29% in days on market. Average days to sell is 49 days. The average row/townhouse sold for $559,227. Row/townhouse unit sales are up 11%, 12 months to date. Row/townhouses have seen an increase by 16% in days on market. Average days to sell is 44 days. Lot sales volume is up 33%. Lot prices have increased by 35%, 12 months to date. Average lot sale price: $603,696 FULL REPORT HERE.
 

Parksville/Qualicum 
30 single-family homes sold. Average price: $962,046 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is up 11%. Average days on market increased by 14% to 42 days. The average condo sold for $480714. Condo unit sales are up 12%, 12 months to date. Condos have seen an increase by 26% in days on market. Average days to sell is 53 days. The average row/townhouse sold for $665,820. Row/townhouse unit sales are up 29%, 12 months to date. Row/townhouses have seen an increase by 45% in days on market. Average days to sell is 48 days. Lot sales volume is down 10%. Lot prices have decreased by 16%, 12 months to date. Average lot sale price: $531,268.FULL REPORT HERE.. 


Cowichan Valley
42 single-family homes sold. Average price: $793,873 (no change from 12 months to date, this year over last). Single-family unit sales volume is up 6%. Average days on market increased by 11% to 52 days. The average condo sold for $346,358. Condo unit sales are down 9%, 12 months to date. Condos have seen a decrease of 2% in days on market. Average days to sell is 49 days. The average row/townhouse sold for $565711. Row/townhouse unit sales are down 5%, 12 months to date. Row/townhouses have seen an increase by 14% in days on market. Average days to sell is 64 days. Lot sales volume is down 10%. Lot prices have increased by 11%, 12 months to date. Average lot sale price: $453,150 FULL REPORT HERE.