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VIREB stats for May


Blog by Cliff McCool | June 3rd, 2007


May 2007 MLS® Sales Summary

NANAIMO, June 1st, 2007.  Presented in chart form below, are the single-family residential units sales, average sale prices and median price information for all zones within the Board.

 
UNIT SALES
AVERAGE SALE PRICE
%
Change
*MEDIAN PRICE
 ZONE  May
2007
Apr
2007
May
2006
May
2007
Apr
2007
May
2006
May
2007
 Campbell River 59 66 84
281,640  293,808
282,827
0%
270,000
 Comox Valley 119
98 133
342,647
326,328
311,739
9%
320,000
 Duncan 122
86
102
347,678 336,731
308,988
12%
334,000
 Nanaimo 206
189
157
345,962
325,430
293,792
17%
327,000
 Parksville/Qualicum 94 70 79
373,567 384,777
316,295
18%
330,000
 Port Alberni 56 39
44
203,666 203,637
188,461
8%
189,000
 **BOARD TOTALS 690
573
633
329,053 321,060 288,250
14%
--
Source: Multiple Listing Service® (MLS®) sales data from the Vancouver Island Real Estate Board.
*Median Price: An actual sale at or immediately adjacent to the midpoint in a price group. In the case of an even number of sales, the median is the highest price in the lower half of that price group. If the total number of sales is an odd amount, the midpoint sale is taken to be the median (i.e. 9 sales, sale no. 5 represents the median).
**Please note:
The Board Totals figures also include: Zone 7-North Island, Zone 9-Out of Board
 Properties, and Zone 10-Islands figures which are not listed separately in this table.

Copies of archived Statistics are available at our website. Go to  http://www.vireb.com/, and choose MLS® Statistics.  You are encouraged to contact any of the Directors of the Vancouver Island Real Estate Board to obtain local comments.

The Vancouver Island Real Estate Board is an association of REALTORS committed to providing its members with the structure and services to ensure a high standard of business practice and ethics, and to effectively serve the real estate needs of the community.

Properties may be searched on the Internet through http://www.mls.ca/. This information is usually updated each business day.

VIREB cautions that average price information can be useful in establishing trends over time, but does not indicate the actual prices in centers comprised of widely divergent neighborhoods or account for price differential between geographic areas.