Category: Market Update

  • In the Loop: May 2019 Real Estate Market Stats

    Nanaimo Market Stats for May 2019 We are now into the spring market with strong activity in both listings (240 listings in May compared to 267 last year) and sales (136 sales in May compared to 139 last year). Average single-family homes prices are at $593,326 with condos over $291,610. We have seen an overall…

  • In The Loop: April 2019 Real Estate Market Stats

    Nanaimo Market Stats for April 2019   We are still seeing a more balanced market with value for both buyers and sellers. The average sale price has slightly increased by 6% compared to this time last year with an average of $586,595. The amount of homes listed has decreased by -19% with a decrease of…

  • In The Loop: March 2019 Real Estate Market Stats

    Nanaimo Market Stats for March 2019   We are still seeing a more balanced market with value for both buyers and sellers. The average sale price has only slightly changed compared to this time last year with an average of $546,656. The amount of homes listed has increased 3% with a decrease of -4% in…

  • In The Loop: February 2019 Real Estate Market Stats

    Nanaimo Market Stats for February 2019 The spring market is upon us! We are seeing a more balanced market with value for both buyers and sellers (3.6 months of inventory versus 2.5 months a year ago). Average sale price rose from $521,920 a year ago to $558,633 this year although average price has seen a…

  • In The Loop: January 2019 Real Estate Market Stats

    Nanaimo Market Stats for January 2019 With the holiday season over its time to get back to Real Estate! We are starting to see a more balanced market with value for both buyers and sellers. Average sale price rose from $518,896 a year ago to $558,848 this year although average price has seen a small…

  • In The Loop – December

    Nanaimo Market Stats for December 2018 The holiday season is upon us! We are seeing a more balanced market with value for both buyers and sellers. Average sale price rose from $518,452 a year ago to $556,820 this year although average price has seen a small decrease this month to $529,766. We’re also seeing a…

  • Nanaimo Real Estate Market Statistics for May 2017

    Here are the Nanaimo Real Estate Monthly Market Statistics for May 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.

  • 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,…