. “Buyers are often sellers too, which is likely the cause of sales decreasing 46% across Vancouver Island from this time last year.”
The Vancouver Island Real Estate Board shows the benchmark for the same kind of property to be $816,700 in September, up from $718,100 a year ago, indicating health in the market.“This fall we see a return to a more balanced market,” Ryan says. “Across Vancouver Island, buyers are afforded more choice with a wider selection of homes to choose from, and sellers are coming to terms with the fact that homes which are priced for a balanced market are selling well.
For instance, being an island, Vancouver Island has a large supply of waterfront properties — and it has the demand to match.
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