Duncan, British Columbia is surrounded by vast tracts of unspoiled mountain, forest, and coastal wilderness. It’s tourism slogan is, “The City of Totems” which are featured throughout the downtown area.
Pemberton Holmes has been in business serving the Vancouver Island area since 1887 and is still family owned and operated 6 generations later. Our real estate agents can offer you sound real estate advice and professional service. We have over 250 REALTORS® specializing in both residential and commercial real estate, with offices from Victoria to Parksville, plus Denman Island and Saltspring Island.
Whether you are looking to buy or sell real estate in Duncan, our agents can help ease the process.
Current Market Update: June 1 2017 - from VIREB - Buyer Demand Continues to Exceed Supply
The Vancouver Island Real Estate Board (VIREB) reports that in May 2017, 632 single-family properties sold on the Multiple Listing Service® (MLS®) System compared to 765 last May, a decrease of 17 per cent. VIREB attributes the year-over-year decrease to continuing inventory challenges, not a weakening market.
Month over month, sales increased by 32 percent from April, which saw 477 sales. This increase likely reflects seasonal selling conditions since the housing market is typically busier in the spring. Inventory of single-family homes declined by 28per cent from May 2016, with 1,210 active listings available last month compared to 1,681 one year ago.
Listings of single-family homes have steadily increased each month since VIREB hit its historic inventory low of 859 in December 2016. However, demand continues to exceed supply, and well-priced properties are snapped up almost as soon as they hit the market.
Pemberton Holmes also offers property management services and rental properties. Whether you are looking to buy, sell, or rent property we can help you. To learn more about our services contact a local Pemberton Holmes professional today.
23 Queens Road
Canada V9L 2W1
Phone: (250) 746-8123
Toll Free: 1-877-946-8123
Fax: (250) 746-8115