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

There are currently 108 MLS listings for sale on Gabriola, 38 of these are lots and acreage and 70 are homes. In the first half of 2015 there were 57 sales: 12 lots/acreage and 45 homes. In the first half of 2014 there had been 52 sales.
The homes sold in the price range of $123,400 – $929,000. Of the 45 homes that sold, 24 sold under $300,000, 14 sold in the range of $300,000 – $500,000, and 7 sold over $500,000.
There was an almost 10% increase in the number of sales for 2015, year to date, compared to last year’s 52 sales for the same time period, 10 of which were lots and acreage, for the first quarter of 2014. 
Vancouver Island Real Estate Board, Current Market Trend

B.C. is experiencing a healthy provincial economy, low interest rates and high consumer demand. Traditionally real estate sales are slower in the summer months, but not this year. Unit sales in the Vancouver Island Real Estate board area for June 2015 are up from May and also higher by about 30% than the number of sales in June of 2014. Prices in the board area are up by about 4% and inventory is down.
British Columbia Real Estate Association Forecast

B.C. wide inventory is dwindling and demand is strong putting upward pressure on home prices in many regions. Housing demand across the province is expected to reach the highest level of unit sales since 2007.
Canadian Real Estate Association Forecast
Across Canada B.C. is forecast to post the largest annual increase in activity, while Alberta and Saskatchewan are expected to post the largest annual decline. Sales in B.C. are expected to remain strong in 2016.
Summer Activities on Gabriola
Visit the many shops, restaurants and galleries on Gabriola. There are a number of new stores this summer offering specialty foods, home and garden supplies, health foods, and gifts & local art.
The farmers market is a fun place to visit on Saturday mornings from 10 am to 2 pm offering farm fresh food, art, crafts, pottery, jewelry and more. There is also a vegetable market on Wednesday afternoon at the Gabriola Commons.

Thursday August 6 Concert on the Green at the Gabriola Golf and Country Club. Activities start at 3:30pm, live music starts at 5:00pm.  Tickets cost $15 and children under 12 are free. Tickets available at local businesses, Farmer's Market and Chamber Visitor Centre. This is the major fundraiser for the Gabriola Lions Club.

Saturday August 8 Community Salmon BBQ at the Community Hall with local talent and silent auction. Proceeds to support the Community Hall.
One of the most exciting events offered on Gabriola is the 7th Annual Gabriola Theatre Festival, a three day extravaganza of entertainment taking place August 14, 15 and 16. 
The beaches are wonderful right now with fabulous swimming as the water temperature is quite comfortable.
The local museum is open daily in July and August, or drop in at the public library located in the Folk Life Village.

Wishing everyone a safe and fun-filled summer!
Copyright © 2015 The McMahon Group, All rights reserved.

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