Princess Pan RE/MAX Crest Realty Westside

Tel 778-945-8540 | EMAIL |

Which Vancouver Island neighbourhoods are still seller’s markets?

In B.C.’s currently lukewarm residential real estate sector, it’s easy to read the headlines and imagine it’s becoming a buyer’s market. But that’s not true of all areas – or all property types.

This infographic by our sister website reveals that there are many Vancouver Island hotspots that remain firmly in a seller’s market.

The study of real estate activity from February to May 2019 looks at the sales-to-active-listings ratio (SAR) in each individual neighbourhood, for all property types combined. A figure over 20 per cent indicates a seller’s market, while 12 to 20 per cent is a balanced market, and below 12 is a buyer’s market.

REW found that 34 Island neighbourhoods are still seller’s markets. The three hottest areas were in South Jingle Pot in Nanaimo, Campbell River Central and Victoria’s Jubilee neighbourhood, all at 32 per cent SAR.

The study also broke out SAR by individual property type to find the strongest neighbourhood markets for detached house and condo sales, relative to supply. In the single-family market, Nanaimo’s Old City was by far the hottest spot with an SAR of 67 per cent. Condos are most in demand in Victoria West, with a 33 per cent SAR.

Check out the infographics and see if your neighbourhood is on the list, below.

REW SAR VI_Housing_Market_BreakdownS
REW SAR VI_Property_Type_Market_BreakdownSource:
No comments

Post Your Comment:

Subscribe to Princess Pan News Updates

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.