Honeymoon Bay Home Values in February 2024

Avg Home Prices

Vancouver Island: $844,196 l North Island: $391,667 l Comox Valley: $947,555 l Cowichan Valley: $812,181 l Pacific Rim: $583,496 l Parksville & Qualicum: $1,064,865 l Nanaimo: $847,984 l Campbell River: $766,992 l Surrounding Islands: $580,000 l Chemainus: $620,000 l Cobble Hill: $872,500 l Cowichan Bay: $872,000 l Crofton: $653,000 l East Duncan: $823,850 l Honeymoon Bay: $809,750 l Ladysmith: $877,500 l Lake Cowichan: $624,667 l Mill Bay: $1,117,000 l Shawnigan Lake: $764,000 l West Duncan: $722,576 l Youbou: $450,000 l Kelsey Bay & Sayward: $375,000 l Port Hardy: $260,000 l Port McNeill: $540,000 l Central Campbell River: $641,571 l North Campbell River: $994,900 l South Campbell River: $715,000 l West Campbell River: $674,950 l Willow Point: $835,154 l Town of Comox: $914,294 l City of Courtenay: $780,250 l East Courtenay: $1,006,786 l North Courtenay: $1,407,450 l South Courtenay: $1,019,267 l West Courtenay: $662,500 l Crown Isle in Courtenay: $1,248,850 l Cumberland: $911,250 l Merville & Black Creek: $916,400 l Union Bay & Fanny Bay: $820,000 l Brechin Hill in Nanaimo: $515,000 l Cedar: $1,075,000 l Central Nanaimo: $643,067 l Chase River Area of Nanaimo: $756,300 l Departure Bay in Nanaimo: $871,286 l Diver Lake in Nanaimo: $828,967 l Extension area in Nanaimo: $520,000 l Hammond Bay in Nanaimo: $1,111,875 l Lower Lantzville: $935,000 l North Jingle Pot: $1,189,000 l North Nanaimo: $1,035,136 l Old City Nanaimo: $601,333 l Pleasant Valley in Nanaimo: $689,967 l South Jingle Pot in Nanaimo: $761,000 l South Nanaimo: $681,870 l University District in Nanaimo: $904,648 l Uplands in Nanaimo: $672,528 l Upper Lantzville: $1,366,500 l Bowser & Deep: $1,014,000 l Fairwinds: $1,321,650 l French Creek: $1,079,750 l Nanoose: $1,525,500 l Parksville: $929,070 l Qualicum Beach: $896,764 l North Qualicum: $880,000 l Alberni Valley: $720,000 l Port Alberni: $541,018 l Ucluelet: $783,000 l

Honeymoon Bay Real Estate Market Reports

Real estate infographic for Jason Anson, showing a sold sign and providing market update statistics for Honeymoon Bay residential single-family detached homes in February 2024. Highlights include an average selling price of $680,000, 3 new listings, 2 active listings, 1 property sold, and an average of 18 days on the market. — February 2024 real estate snapshot for Honeymoon Bay, featuring market statistics and contact information for realtor Jason Anson.

In February 2024, the real estate market in Honeymoon Bay experienced notable changes, as indicated by data from the Vancouver Island Real Estate Board (VIREB). This report provides a detailed analysis of the 12-month comparative activity for residential single-family detached homes (excluding acreage and waterfront) in Zone 3 – Cowichan Valley.

Table of Contents

Market Overview

Units Listed: There was an increase in listings this month, with 3 units listed compared to none in the previous year. However, over the last 12 months, listings have decreased by 33.33%, from 18 to 12.
Units Reported Sold: Sales showed a positive trend with 1 unit sold this month, an improvement from the previous year. Year to date, sales have significantly increased by 300%, from 1 to 4 units.
Sell/List Ratio: The sell/list ratio for the current month stood at 33.33%, a decrease from 58.33% observed over the past 12 months.
Reported Sales Dollars: Sales volume reached $680,000 this month, contributing to a total of $4,561,100 over the past 12 months, marking a 56.15% decrease from the previous period’s $10,400,500.
Average Sell Price/Unit: The average selling price per unit this month was $680,000, showing a decrease compared to the year-to-date average of $800,038.
Median Sell Price: The median selling price remained steady at $680,000.
Sell Price/List Price Ratio: The ratio of sell price to list price was 97.16%, indicating strong market values.
Days to Sell: Homes sold faster, taking an average of 18 days to sell, which is significantly lower than the previous year’s average.

Active Listings and Market Insights

The current active listings in Honeymoon Bay stand at 2, reflecting a balanced market. The data suggests a shifting dynamic in Honeymoon Bay’s real estate market, with an increasing interest in single-family detached homes. Despite a decrease in total sales volume over the past year, the significant rise in year-to-date sales and a consistent sell price/list price ratio highlight a resilient market.

Conclusion

The Honeymoon Bay real estate market in February 2024 shows signs of growth and stability, with increased unit sales and a strong sell price/list price ratio. As the market continues to evolve, potential buyers and sellers in Honeymoon Bay should consider these trends when making decisions.

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© 2024 - Jason Anson Personal Real Estate Corporation at eXp Realty. MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Member of The Canadian Real Estate Association and more.

Honeymoon Bay Home Values in February 2024

Market Overview

Active Listings and Market Insights

Conclusion

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