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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. 

BCREA Housing Forecast

Strong consumer demand has drawn down the inventory of homes for sale and the lack of supply has become a significant impediment for home buyers in many areas. Total active listings on the market are down 45 per cent in Victoria and 37 per cent across the rest of Vancouver Island. As a result, the imbalance between supply and demand has created strong sellers’ market conditions and pushed home prices notably higher.
Winter on Gabriola

 It is a frosty day on Gabriola and we are expecting (and hoping for, personally) some snowfall this evening and over the next few days. I don't remember the last time we had a white Christmas - we would be pretty excited to have one this year!

There have been craft fairs aplenty on Gabriola throughout December. Lots of opportunities to buy form local artists and crafters. Gabriola is great at supporting local businesses!

Upcoming Craft Fairs and Art Sales:

Agricultural Hall - December 10th, 2016, 10am-4pm

The Green Bough Studio & Gallery Winter Sale
December 10th/11th, 10am-5pm, 1411 Moby Dick's Way

Roost Holiday Show - 1759 Whalebone Drive (upstairs)
Sunday, December 18th, 12-5pm
"Please join us for a carefully curated holiday home show. There will be food, refreshments, music and great artisans. Stop by for some holiday cheer and last minute shopping."

More Holiday Events:

Twilight Radio Theatre presents White Christmas
A Live Radio Drama, starring David Botten, Tina Jones, Chris Jans and Kathy McIntyre, at the Surf Lodge. 7:30pm. Tix $20. For pre-show dinner reservations call 250-247-9231

December 19th
Christmas Alive! 7:30 pm in Folklife Village; the Biblical Christmas Story, real people and animals; under 45 minutes long; free family event.

December 25th
People For a Healthy Community's "Spirit Feast"
This annual wonder-filled community gathering continues. Starts at 4:30pm, *new location* at the Gabriola Fellowship on Church Street. Everyone welcome!

We wish everyone a warm and happy holiday season and wonderful times in 2017!
~ Robyn & Carly
Copyright © 2016 The McMahon Group, All rights reserved.

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