VIREB CEO Jason Yochim reports that with approximately five months of inventory, VIREB\u2019s market
remains balanced, which is good news for buyers and sellers.
\u201cVIREB\u2019s trading area continues to hold steady on year-over-year transactions contrary to several
markets in the province that have experienced declines in sales activity year over year,\u201d says
Yochim. \u201cThe moderate climate and lifestyle of Vancouver Island continues to attract immigration
from other parts of Canada, helping to sustain market activity.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Benchmark Price<\/h3>\n\n\n\n
Moving on to prices, the board-wide benchmark price (MLS\u00ae Home Price Index) of a single-family
home was $800,100 in April 2025, up three per cent from one year ago. In the apartment category,
the benchmark price was $412,400 last month, up two per cent from the previous April. The
benchmark price of a townhouse in April was $552,900, up two per cent from the prior year.<\/p>\n\n\n\n
- \n
- In Campbell River, the benchmark price of a single-family home was $720,700 last month, up
four percent from the previous year.<\/li>\n\n\n\n - The Comox Valley\u2019s year-over-year benchmark price rose by four percent to $868,400.<\/li>\n\n\n\n
- In the Cowichan Valley, the benchmark price was $796,600, up three percent from April 2024.<\/li>\n\n\n\n
- Nanaimo\u2019s year-over-year benchmark price rose by two percent to $834,600.<\/li>\n\n\n\n
- The Parksville-Qualicum area saw its benchmark price increase by one percent to $899,100.<\/li>\n\n\n\n
- The cost of a benchmark single-family home in Port Alberni was $520,400, up one percent from the previous year.<\/strong><\/li>\n\n\n\n
- For the North Island, the benchmark price of a single-family home rose by six percent to $451,800.<\/li>\n<\/ul>\n\n\n\n
April 2025 Real Estate Market Statistics<\/h2>\n\n\n\n
![\"\"](\"https:\/\/blog.dkg.ca\/wp-content\/uploads\/2025\/05\/Dave-Koszegi-Group-April-2025-Stats.png\")
<\/figure>\n\n\n\nAre you planning on buying or selling a home on Vancouver Island this Summer? Now is a great time to start the journey, and we’d love to help!<\/p>\n\n\n\n
250.723.7653<\/a>
info@dkg.ca<\/a><\/h2>\n\n\n\n - For the North Island, the benchmark price of a single-family home rose by six percent to $451,800.<\/li>\n<\/ul>\n\n\n\n