Realtors on Vancouver Island continue to be busy, many of them, in a record breaking way.
Looking at real estate statistics ending in the month of April, the Cowichan Valley has seen the biggest boom with home sales up 103 per cent year over year.
Speaking the the region for the Vancouver Island Real Estate Board, Jason Finlayson says there is a real shortage of inventory….
Home sales in Port Alberni were the next busiest, up 58 per cent, followed by Campbell River, Comox, Parksville/Qaulicum and Nanaimo brought up the rear with sales up 27 per cent.
As far as prices, Nanaimo’s benchmark price rose 9.08 per cent to just over $379,000 while the Parksville-Qualicum area saw its benchmark price rise by 10.69 per cent to nearly $400,000 year over year.
The April 2016 benchmark price of a single-family home in the Campbell River area was $284,600, a 4.09 per cent increase over 2015.
In the Comox Valley, the benchmark price was almost $358,000, up 10.34 per cent from 2015.
Duncan reported a benchmark price of $313,400, an increase of 6.65 per cent over the same month in 2015.
The price for a benchmark home in Port Alberni was $191,600, an increase of 1.42 per cent over April 2015.