Vancouver Island (not including Victoria) 

376 single-family homes sold. Average price: $811,313 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 2%. Average days on market increased by 5% to 43 days. The average condo sold for $418,288. Condo unit sales are up 19%, 12 months to date. Condos have seen an increase by 23% in days on market. Average days to sell is 48 days. The average row/townhouse sold for $583,261. Row/townhouse unit sales are up 21%, 12 months to date. Row/townhouses have seen an increase by 21% in days on market. Average days to sell is 47 days. Lot sales volume is up 25%. Lot prices have decreased by 13%, 12 months to date. Average lot sale price: $455,780. FULL REPORT HERE.

Nanaimo

109 single-family homes sold. Average price: $840,784 (up 2% from 12 months to date, this year over last). Single-family unit sales volume is up 4%. Average days on market decreased by 3% to 33 days. The average condo sold for $442,436. Condo unit sales are up 23%, 12 months to date. Condos have seen an increase by 15% in days on market. Average days to sell is 38 days. The average row/townhouse sold for $581,307. Row/townhouse unit sales are up 44%, 12 months to date. Row/townhouses have seen an increase by 8% in days on market. Average days to sell is 41 days. Lot sales volume is up 27%. Lot prices have decreased by 15%, 12 months to date. Average lot sale price: $470,296.  FULL REPORT HERE. 

Parksville/Qualicum 

64 single-family homes sold. Average price: $960,874 (up 4% from 12 months to date, this year over last). Single-family unit sales volume is down 1%. Average days on market increased by 6% to 37 days. The average condo sold for $473,675. Condo unit sales are up 13%, 12 months to date. Condos have seen an increase by 61% in days on market. Average days to sell is 45 days. The average row/townhouse sold for $692,012. Row/townhouse unit sales are down 15%, 12 months to date. Row/townhouses have seen an increase by 16% in days on market. Average days to sell is 36 days. Lot sales volume is up 59%. Lot prices have increase by 16%, 12 months to date. Average lot sale price: $612,678.  FULL REPORT HERE. 

Cowichan Valley

62 single-family homes sold. Average price: $800,681 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 3%. Average days on market increased by 10% to 45 days. The average condo sold for $333,810. Condo unit sales are up 34%, 12 months to date. Condos have seen an increase by 21% in days on market. Average days to sell is 52 days. The average row/townhouse sold for $576,784. Row/townhouse unit sales are up 24%, 12 months to date. Row/townhouses have seen an increase by 36% in days on market. Average days to sell is 57 days. Lot sales volume is up 18%. Lot prices have decreased by 21%, 12 months to date. Average lot sale price: $437,063. FULL REPORT HERE. 

*waterfront homes are not included in the monthly statistics 

Unlocking Property Ownership: What you need to know

Define Your Own Success: Letting go of Comparison in Real Estate and Life

Comparison is the thief of joy. 🙏❤️
When we define our success relative to others we hand the key to our happiness to a metric that we no longer get to define for ourselves. This loss of control increases our stress and anxiety. This increase in stress and anxiety overflows into our relationships with our loved ones and the relationships we have with ourselves. The real estate trading industry is one of the worst modern industries for these comparisons. For almost a decade I let this mindset of constant comparison rob me of my contentment. It negatively impacted my relationships and my health. Take your power back and define success for yourself. Do not let Gross Commission Income rankings impact your self-worth. It's a mistake. Success is defined by our health, our relationships, and our gratitude.

 

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Finding Your Perfect Home: Balancing Emotion and Investment with John Cooper, Real Estate Advisor

❤️🏡 Important considerations when purchasing a home. Purchasing a home is one of the biggest decisions you will make in your lifetime. The average Canadian lives in their home for 6 years and many will live in their homes for several decades. It is an intensely emotional decision. Our home is the stage for many of our lives greatest memories. I have viewed thousands of homes over the last 16 years as an advisor and it is clear to me that the ideal home for you is one that gives you a certain feeling. You just feel it when you are inside a home that is right for you. It's important to acknowledge these emotions. That said, it's your advisor's role to make sure that your emotions aren't getting in the way of a sound investment decision. It's your advisor's role to make sure that you are keenly aware of what the limitations may be should you decide to sell the home in the future. I call this 'future liquidity' and its an important consideration. I've witnessed emotions get in the way of a wise decision many times and as hard as it can be at times, it is my fiduciary duty to educate my clients to all of the features of a home; both good and bad. It is ok to let your emotions make the final call, as long as all the important details have been factored.

 #johncooper #realestate #growth #accountability #love #kindness ❤️