10/31/2025
The benchmark price in Parksville Qualicum is over $925,000. The Average sale price is $876,000.
This market is one of the most "resilient" markets in BC.
Parksville Qualicum Beach & area is unique in that it is not as affected by the "labour market" because it is primarily a retirement area. It is certainly not immune to overall market quirks and foibles but none the less "different".
What makes this market resilient you ask? Historically 65 % of buyers and sellers are cash (no mortgage) i.e. retirees or folks getting ready for retirement. That takes a lot of "urgency" to sell (or buy) away. Its not 100% of the time, health and family are still factors. A situation of losing your job or being relocated for work just isn't a big factor in choosing to sell or buy.
Condos are less expensive historically, but be aware that a strata , be that bare land, townhome or apartment style is like having an additional layer of government ,but they are your neighbours!
Please ask questions..
Ask for data from your realtor to make informed decisions.
I'm not a licensed realtor anymore so I can have an opinion and I'm not worried about my income being affected by what I say. Or how I say it. Im not an expert and I certainly have have been wrong before & I may not be right, but if you want an unbiased opinion about the "market" feel free to ask questions. Ask me about the area and any other "stuff".
