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In the Loop: June 2022 Real Estate Market Stats
Rising inventory is a hopeful sign for buyers! Inventory in the Vancouver Island Real Estate Board (VIREB) area rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets. Last month, active listings of single-family homes (not acreage…
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In the Loop: May 2022 Real Estate Market Stats
Additional inventory is positive news for buyers. Inventory in the Vancouver Island Real Estate Board (VIREB) area is climbing, but the housing supply is still far below the level needed to satisfy current demand. Active listings of single-family homes rose by 34 per cent from April 2021 and by 32 per cent from March of this year.…
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In the Loop: April 2022 Real Estate Market Stats
The April 2022 Nanaimo Real Estate and area inventory is inching up but still far from ideal. Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from March 2021 and by 60 per cent…
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In the Loop: March 2022 Real Estate Market Stats
INVENTORY INCHING UP BUT STILL FAR FROM IDEAL Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from but increased by 60 per cent from February. VIREB’s inventory of condo apartments in March dipped…
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In the Loop: February 2022 Real Estate Market Stats
ADDITIONAL INVENTORY OFFERS LITTLE RELIEF FOR BUYERS February brought additional inventory to the table in the Vancouver Island Real Estate Board (VIREB) area. However, listings are still far below where they need to be to satisfy buyer demand. Active listings of single-family homes were 12 per cent lower last month than the previous February but rose…
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In the Loop: January 2022 Real Estate Market Stats
New Year Brings Inventory Bump The new year brought a small inventory bump, but demand is still far outpacing supply in the Vancouver Island Real Estate Board (VIREB) area. Active listings of single-family homes were 39 per cent lower last month than the previous January but rose by 15 per cent from December 2021. VIREB’s inventory…
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In the Loop: December 2021 Real Estate Market Stats
2021 ends with near-record sales and record-low inventory The December 2021 Nanaimo Real Estate market stats show that the Vancouver Island Real Estate Board (VIREB) recorded 11,045 unit sales (all property types) in 2021, close to the 12,014 and 11,341 unit sales seen in 2016 and 2017. It is a remarkable outcome notwithstanding since it…
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In the Loop: November 2021 Real Estate Market Stats
How low can housing inventory go? The November 2021 Real Estate Market Stats show that active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop. The demand is far outpacing supply, and inventory has hit consecutive historical lows for several months running. The active listings of single-family homes were 44% lower…
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In the Loop: October 2021 Real Estate Market Stats
The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “different month, same issues.” The October 2021 real estate market stats show that, by category, 398 single-family homes sold in October. This is a 23% decrease from one year ago. There were 122 condo apartment…
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In the Loop: September 2021 Real Estate Market Stats
The housing market in the Vancouver Island Real Estate Board (VIREB) area finished summer the way it began, with historically low inventory and rising prices. The September 2021 real estate market stats for Nanaimo show us that active listings of single-family homes were 47 percent lower last month than in September 2020, while VIREB’s inventory…
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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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In the Loop: August 2021 Real Estate Market Stats
For the August 2021 real estate market stats, we continue to see how increasing housing supply is the key to affordability. Historically low inventory in the Vancouver Island Real Estate Board (VIREB) area continues to plague potential buyers and hamper sales. Active listings of single-family homes and row/ townhouses are 50 per cent lower than…
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Burnt Honey Ice Cream Contest 2021!
The best way we thought to celebrate Myriam getting her Real Estate Licence is to have a Burnt Honey Ice Cream contest. You have a chance to win one of three $20 Gift cards to Burnt Honey Dessert Company! The reasons we chose Burnt Honey: who doesn’t love ice cream? they serve homemade, high quality…
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In the Loop: July 2021 Real Estate Market Stats
Historically low inventory is likely the reasoning for our slightly cooling market. Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of: 450 single-family detached properties compared to 531 in June, a decrease of 15 per cent Condo apartment category, sales dropped by seven per cent from June 2021 Row/townhouse sales rose by…
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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…
