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In the Loop: October 2024 Market Statistics
Balanced Market Offers The Best of Both Worlds The Vancouver Island Real Estate Board (VIREB) recorded 722 unit sales and 4,015 active listings (all property types) board-wide on the MLS® System in October 2024, up 42 percent and12 percent, respectively. In the single-family category (excluding acreage and waterfront), 346 homes sold in October, up 45…
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In the Loop: September 2024 Market Statistics
Spring Market Arrives In The Fall The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales and 4,465 active listings (all property types) board-wide on the MLS® System in September 2024, up 16 percent and 24 percent, respectively. In the single-family category (excluding acreage and waterfront), 320 homes sold in September, up 22 percent…
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The Nanaimo Rotary Bowl
Discover the Vibrant Community Hub: The Nanaimo Rotary Bowl The Nanaimo Rotary Bowl, also known as the Rotary Bowl Stadium – a versatile and dynamic multi-purpose venue that stands as a pillar of the Nanaimo community. Nestled in the heart of Nanaimo, this stadium serves as the epicenter for an array of sports and community…
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Exploring Vancouver Island University
Exploring Vancouver Island University (VIU): A Beacon of Learning and Opportunity in Nanaimo Nestled in the picturesque hub city of Nanaimo, Vancouver Island University (VIU) stands as a cornerstone of education and opportunity on Vancouver Island. As a retired university professor now part of the Scott Parker Real Estate Team, I’ve had the privilege of…
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In The Loop: June 2024 Market Statistics
Waiting is the theme of VIREB’s Summer Housing Market The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales boardwide (all property types) on the MLS® System in June 2024. In the single-family category (excludingacreage and waterfront), 359 homes sold in June, down 15 percent from one year ago and 12 percent from May. Sales…
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The Future of the Nanaimo Real Estate Market: A Five-Year Outlook
Historical Trends and Market Resilience When the market softens, Nanaimo tends to experience an increase in the time properties remain on the market rather than significant price declines. Homes may sit longer, and the percentage of properties that don’t sell increases. Over the past decade, Nanaimo’s real estate market has demonstrated consistent growth and remarkable…
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In The Loop: May 2024 Market Statistics
The May 2024 real estate Market Stats for Nanaimo show us that VIREB’s inventory of single-family homes rose by 46% in May, while active listings of all property types are up by 33% board-wide…
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Nanaimo Annual Garbage Cleanup
I recently volunteered with the Nanaimo Daybreak Rotary Club for their annual Earth Day garbage cleanup. It’s my second year attending this event, and it’s become one of my favorite volunteer activities. The inspiring people I meet there always bring great energy and a positive attitude, which lifts my spirits and makes me love contributing…
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In The Loop: March 2024 Market Statistics
MARCH HOUSING MARKET CALMER THAN EXPECTED Last month, the Vancouver Island Real Estate Board (VIREB) recorded 655 unit sales board-wide (all property types). In the single-family category (excluding acreage and waterfront), 291 homes sold in March, down 22 per cent from one year ago and up 15 per cent from February 2024. Sales of condo…