Mayne Island House Market Report – March 2022

In March 2022, the Mayne Island house real estate market is classified as a Seller's Market with an absorption rate of 25%. It is currently a seller's market in Mayne Island. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

8 house properties sold in Mayne Island during March 2022 based on MLS® records. There were 32 active listings at the start of the month. A total of 7 new listings came to market during the month.

The average house sold price in Mayne Island in March 2022 was $807,500. Sold prices ranged from $575,000 to $1,399,999. Data is sourced from MLS® board records.

In March 2022, house properties in Mayne Island averaged 24 days on the market before selling. With an absorption rate of 25%, the market is currently a Seller's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Mayne Island in March 2022 was $807,500, up 1.6% year-over-year compared to March 2021 ($794,750). Sales volume was up 100% compared to the same month last year. Data is sourced from MLS® sold records.