Recent Market Activity on Gabriola
Currently there are 65 MLS listings for sale on Gabriola, 38 of these are lots/acreage and 27 are homes. As of today (December 8th) there have been 154 sales plus 3 subject sales which still have conditions to be removed. At this time last year there were 106 sales.
Of the 154 sales so far this year, 119 were homes and 35 were lots/acreage.
The home sales break down as follows; 17 sold under $200,000, 22 sold in the range of $200,000 – $300,000, 39 sold in the range of $300,000 - $400,000, 20 sold between $400,000 - $500,000, and 21 sold at over $500,000.
Of the land sales, 19 were under $100,000; 9 were between $100,000-$200,000; 7 were over $200,000.
Sales activity is up by around 45% this year over 2015. The first half of the year showed sales activity up 70% over the first half of 2015. The decrease in sales activity during the second half of the year is due to extremely low inventory, particularly for homes.