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Real Estate Newsletter: Market Activity & Current Events on Gabriola Island.
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Recent Market Activity on Gabriola

Since January 1st, 2015


There are currently 102 MLS listings for sale on Gabriola, 37 of these are lots and acreage. In the first quarter of 2015 there were 18 sales, 5 of which were lots and acreage.
 
The homes sold in the price range of $148,500 – $758,000. Of the 13 homes that sold, 2 sold under $200,000, 9 sold in the range of $200,000 – $400,000, and 2 sold over $400,000.
 
There was an approximate 12% increase in the number of sales for 2015, year to date, compared to last year’s 16 sales, 5 of which were lots and acreage, for the first quarter of 2014. 
 
The total dollar value of sales for the first quarter of 2015 was $4,552,000 compared to $7,683,000 for the first quarter of 2014 (this was greatly affected by a single sale of $3,100,000 in 2014 – if this sale is disregarded the adjusted amount would be $4,583,000).

Real Estate Sales Activity in BC

Vancouver Island Real Estate Board Current Market Trends
 
Sales volume for the Board area (central and northern Vancouver Island) is up 19% year over year. Inventory levels are lower. Prices are up 3% on average, with the exception of prices in Port Albernie and the Gulf Islands which are down.
 
The real estate board uses the Multiple Listing Service Home Price Index to report price trends by determining the value of a typical ‘benchmark’ home for the area concerned. This offers a more realistic look at values rather than using average or median prices which are affected by the mix of homes sold within a time frame.
 
The MLS benchmark price for Vancouver Island for March 2015 was $326,800 as compared to $316,600 12 months ago.
 
The MLS benchmark price for the Gulf  Islands for March 2015 was $255,400 as compared to $263,300 12 months ago.
 
British Columbia Real Estate Association Forecast
 
BCREA has forecast a rise of 2.4% in the number of residential sales in BC for 2015. “Stronger economic conditions at home and abroad combined with favorable interest rates and population growth are expected to bolster provincial housing demand over the next two years.”

Spring Activities on Gabriola
 
Get out into the great outdoors. With a multitude of fabulous beach access points, good diving spots, a network of parks and hiking and biking trails, 9 hole golf course, tennis courts, sports fields, campground, kayak rentals and fishing charters – Gabriola has something to interest everyone.
 
Shop locally.  Visit a local farm or farm stand for fresh produce, eggs and meat. Watch for the Saturday farmer’s market later in the spring and the Gabriola Museum opening in May. Visit local artist studios. Attend a theater, poetry, musical or other cultural event – watch for events in our local paper or events calendar

Here are a few events happening this month:
The Music of Ray Charles at The Phoenix Auditorium, April 18th @ 7:30pm.

Medicine - A Story of Psychedelic Therapy. Written and performed by TJ Dawe. April 25th, Community Hall @ 6:30pm.

Duncan Symonds Trio - House Concert - April 19th @ 7pm.
 
Start your garden. With a full array of garden services available gardening can be fun and easy.
 
Practice the art of healthful living. Join a Gabriola class or club - fitness, yoga, tai chi, karate, dance, pilates, and more! Eat farm fresh local food. Walk on the beach or in the parks. Meet with friends at a local coffee shop or restaurant. You can get everything you need on Gabriola including friendly faces. Live in the moment and Gabriola will sustain you.
New Listing - 2450 Spring Beach Drive      $299,000
Wonderful sunny location just minutes from the beach! This 3 bedroom, 1 bathroom bright rancher is located on a south facing, gently sloping hillside allowing for lots of sunshine! Enter off the aggregate stone patio by way of french doors into the open plan living area. Large windows, tile floors, maple cabinets, sky lights, and brick fireplace show off this lovely living area. Spacious bathroom with large jetted tub is the perfect place to relax after a day exploring the nearby beach.  The master bedroom has a french door to what could become a private patio area. Low maintenance landscaping complete with drought resistant plants make this a great full time home or island get-away. A wonderful swimming beach at the end of Spring Beach Drive is just a 5 minute walk away. Don’t miss out on this fabulous location!
 Click here for more photos and details or to arrange a viewing of this property.
New Listing - 1002 Dirksen Road  $239,999

Lovely, 2 bedroom, 2 bathroom home is located close to village, school and ferry. Open plan living area has large windows, skylight, bright kitchen with a propane stove and access to both front verandah and back deck. Small addition to the master bedroom has added a perfect space for a home office and a very nice ensuite with tile and glass surround shower. Low maintenance yard gives you plenty of time for relaxing or pursuing your hobbies in the garage/workshop in the backyard. Click here for for more photos/details or to arrange a viewing of this home.

 
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