Port Alberni Real Estate Blog

Welcome to the Alberni Valley, home of Vancouver Island’s premier warm water lake. The waters of this popular British Columbia vacation destination are so clear that you can easily see thirty feet down. Waterfront homes, cabins and lots dot the shoreline, but the majority of Sproat Lake’s 140 kilometers of foreshore remains uninhabited, and is lined by beaches and beautiful Douglas fir forests. Road access to Sproat Lake is a short distance from Highway 4, the highway that connects the rest of Vancouver Island to world famous Ucluelet, Tofino and Long Beach. Thousands of tourists stop to enjoy the waters of Sproat Lake every year on their way to the Pacific Rim. Needless to say, Sproat Lake offers top-notch warm water swimming, water skiing,

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Port Alberni Historic Real Estate Stats Graph

Overall sales in the greater Alberni Valley were down for the first half of 2018 when compared to the previous year. For the purposes of our statistical analysis we have used the actual average sale price for the first half. However, when graphing the units sold in the chart below, we projected the sales based on a simple doubling of the first half numbers. It seems the number of single family homes sold in the Alberni Valley (Port Alberni, Sproat Lake, Cherry Creek, and Beaver Creek) will ultimately fall below last year’s all-time record. The average sale price for single family homes in the Alberni Valley was however the highest in history. At Sproat Lake, both the average sale price and median sale price were up significantly from the previous

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Since you’re reading this, you probably know that we’re a Vancouver Island real estate marketing team operating out of Port Alberni. One of the aspects of operating a real estate marketing company, which is often overlooked, is using our marketing skills to promote the community we live in. Everyone knows that a good real estate marketing company is going to have a solid plan for marketing individual homes. However, because many of the people we help buy property in Port Alberni come from afar, they often start by researching the community first. Therefore, I believe a really good real estate marketing company should also have a great plan in place to showcase their community.

Discover Port Alberni

The problem we faced in Port Alberni is that there is a distinct lack of

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With summer here, there is plenty to do in Port Alberni in June! Check out the information below provided by Port Alberni’s Community Website. And visit the link below for more information. Get out there and have fun!

Things to Do in Port Alberni 2018

Naesgaard's Market Picks Peas

Where: Naesgaard’s Farm & Market, 5681 Mary Street, Port Alberni

When: Saturday June 2, 2018 - 9:00am to 6:30pm

What is it: Picking first peas of season today ...also nugget potatoes and strawberries. Browse Naesgaard's shop & greenhouses for fashions, plants & decor.


Beaver "Tail" Gate BBQ Party

Where: Beaver Creek Hall, 8505 Beaver Creek Rd, Port Alberni

When: Saturday June 2, 2018 - 6:00pm to 1:00am

What is it: Party starts at 6pm with an outdoor BBQ ($5), beer garden and not live

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The first four month of 2018 have been characterized by a significant shortage of inventory in the Alberni Valley real estate market. This shortage of inventory is more noticeable in certain price segments than others. For that reason, last month I broke the market stats into price segments, to better help you understand what is going on in the market. To summarize those finding: there is an incredible shortage of homes for sale under $300,000, while the $500,000+ price range has a very healthy inventory.  

Port Alberni Real Estate Update May 2018

This month I want to go back and look at traditional statistics for single family homes in the Greater Alberni Valley (excluding waterfront properties). This is what we found for April:

 

April 2018

April 2017

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With winter nearly behind us, there is plenty to do in Port Alberni in February. Check out the information below provided by Port Alberni’s Community Website. And visit the link below for more information. Get out there and have fun!

Thing to do in Port Alberni in February 2018

Date night at the Alberni Aquarium

When: Saturday February 10th 7:00 to 9:00pm

Where: Alberni Aquarium, Unit 7, 5440 Argyle St, Port Alberni

What is it: Are you looking for that one of a kind date night? Come on down for special entertainment, snacks, refreshments, activities and so much more! What a great way to treat that special someone?

 

Games Night

Where: Alberni Aquarium, Unit 7, 5440 Argyle St, Port Alberni

When: Saturday February 24th, 7:00pm to 9:00pm

What is it: Fun for all ages

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When you are buying or selling a home, it is usually safe to assume that the "real property" being sold includes the land and all firmly attached structures. But what exactly is included in the definition of "firmly attached structures". Are the washer and dryer included? Dishwasher? What about your heirloom chandelier?

What Chattels Are Included in a Home Sale

This grey area revolves around the difference between "chattels" and "fixtures". Chattels are moveable items of property which are neither land, nor permanently attached to land or a building, either directly or vicariously through attachment to real property. A fixture is a chattel which has become real property by having been affixed to it.

Clear as mud?? Maybe some clear cut example would help. Some examples of chattels

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Happy New Year! It has become a tradition that I spend New Year's morning pouring over the statistics for the Port Alberni, Sproat Lake, and Great Alberni Valley real estate market. Let us know if you have any questions or comments. 

Port Alberni Market Update Graph 2017

Market Wide Summary 

Overall sales in the greater Alberni Valley were up significantly for 2017 when compared to the previous year. In fact, the number of single family homes sold in the Alberni Valley (Port Alberni, Sproat Lake, Cherry Creek, and Beaver Creek) was 3 units shy of the all time record set in 2004. The average sale price for single family homes in the Alberni Valley was the highest in history, breaking the record set last year.  At Sproat Lake, the number of homes sold was on par with the

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The real estate market in Port Alberni started the year out strong, and seems to be ending the year the same way.  Our team has been busy throughout December both listing and selling properties.

Without any further ado, let's take a look at the single family (non-waterfront) home sales for the Greater Alberni.

 

November 2017

November 2016

Homes Listed

27

33

Homes Sold

32

28

Median Sale Price

$254,900

$237,500

Average Sale Price

$287,468

$251,841

Average Days on market

41

42

As you can see there were more homes sold in November 2017 than the year prior. The

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Last month we reported an observation that the real estate market in Port Alberni had slowed. At the time we wondered if it was a momentary pause or the beginning of something more significant. Shortly after we released that market update, things started to pick back up. We’re happy to say it was a pause!

Port Alberni Real Estate Update - October 2017

To back up this statement we’ve run all of the single family homes sales statistics for the greater Alberni Valley (excluding all waterfront properties) for the month of September. This is what we found:

  September 2017 September 2016
New Listings  41  40
Sales  39  42
Average List Price  $265,292  $234,687
Average Sale Price  $256,844  $226,119
Median Sale Price
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