Category: Real Estate
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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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In the Loop: August 2024 Market Statistics
Favourable Conditions Trending Towards Buyers’ Market The Vancouver Island Real Estate Board (VIREB) recorded 662 unit sales board-wide and 4,520 active listings (all property types) on the MLS® System in August 2024. In the single-family category (excluding acreage and waterfront), 333 homes sold in August, up three percent from one year ago and down eight…
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In The Loop: July 2024 Market Statistics
Quiet Housing Market Closes out July The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide and 4,559 active listings (all property types) on the MLS® System in July 2024. In the single-family category (excluding acreage and waterfront), 363 homes sold in July, down 11 percent from one year ago and up one…
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In The Loop: December 2023 Real Estate Market Statistics
Lacklustre December Closes Out 2023 The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High-interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut. Last…
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In the Loop: March 2023 Real Estate Market Stats
Housing Market Brisker Than Expected in March Last month, there were 381 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 26 percent decrease from one year ago (515) and a 73 percent increase from February 2023 (220). Sales of condo apartments in March 2023 came in at 66, declining…
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In the Loop: December 2022 Real Estate Market Stats
QUIET DECEMBER CLOSES OUT THE YEAR NANAIMO, BC – Last month, 200 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 10 percent decrease from one year ago and a drop of 18 percent from November. Sales of condo apartments in December came in at 35, declining by 53 percent year…
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2021 Homes Sales Set a New Annual Record for BC
The 2021 home sales in BC are now officially record-high! The British Columbia Real Estate Association (BCREA) reported that 2021 homes sales set a new annual record for BC. A total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021. This is a decrease of 3.4 percent from…
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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.
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Why should I hire a REALTOR®?
You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you: Your REALTOR® is a trained professional REALTORS® take extensive pre-licensing courses in order to obtain credentials for practicing in real estate. Your REALTOR® is continuously trained REALTORS® keep pace with the times by…