Category: Market Update

  • Nanaimo Real Estate Market Statistics for April 2017

    Here are the Nanaimo Real Estate Monthly Market Statistics for April 2017 For more information on market conditions, give Scott Parker a call at RE/MAX of Nanaimo. Scott can be reached anytime at (250) 751-1223.

  • January 2017 Nanaimo Real Estate Market Stats

    Inventory Challenges Continue to Moderate Sales Activity in Nanaimo – In January 2017. The benchmark price of a single-family home in Nanaimo increased 21% to $434,100. 245 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 258 last January, a decrease of 5%. Sales were virtually unchanged from December, which saw 243…

  • 2016 was a great year for homeowners in Nanaimo

    Demand is up. Prices are up. Real estate inventory supply is short.   Nanaimo has become a transportation hub for Vancouver Island, with a new cruise ship dock, airport having had 5 years of record passenger growth, a growing technology sector and a plan to have a passenger ferry service that will take you from…

  • November 2016 Nanaimo Real Estate Market Stats

    Single-family homes for sale in Nanaimo area dropped yet again in November 2016 to reach a new historic low of 1,034, a 37 per cent decrease from one year ago and dipping below October’s 1,158 available listings. Sales of single-family homes in November decreased by 13 per cent from October 2016, but remained flat year…

  • July 2016 Nanaimo Real Estate Market Stats

    Home sales in Nanaimo area cooled somewhat last month but posted a 19 per cent increase over July 2015. In July 2016, 608  sold compared to 512 last July. Last month’s active listings for single-family homes totaled 1,577, down 34 per cent from the 2,391 reported in July 2015 and beating June’s figure of 1,621.…

  • What does the 15% Foreign tax mean for Nanaimo

    As we have heard effective August 2 foreigners who buy residential property in the Vancouver area will have to pay an extra 15-per-cent tax. The B.C. government plans to slow the foreign speculation that many blame for making the region’s homes the most unaffordable in Canada. Using some initial data from 19 days in June,…