Tag: Benchmark Prices
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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: 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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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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In The Loop: April 2024 Market Statistics
More Inventory Benefits Both Buyer & Sellers The Vancouver Island Real Estate Board (VIREB) recorded 741 unit sales boardwide (all property types) in April 2024. In the single-family category (excluding acreage and waterfront), 376 homes sold in April, down two percent from one year ago and up 29 percent from the previous month. Sales of…
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In The Loop: February 2024 Market Statistics
February Sees Significant Sales Increase The February 2024 Market Statistics show us that last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 percent from one year ago and 67 percent from January 2024. Sales of condo apartments in February came in at 68, increasing by 11 percent…
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In The Loop: January 2024 Real Estate Market Statistics
Normal January kicks off 2024 with an Optimistic Outlook The January 2024 Real Estate Market Stats show us that last month, 152 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, down six percent from one year ago and up slightly from December 2023. Sales of condo apartments in January came in…
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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: November 2023 Real Estate Market Stats
The housing market is winding down and the year ends on a slow note Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two percent from last November and three percent from October. Sales of condo apartments in November came in at 56, increasing by…
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In the Loop: October 2023 Real Estate Market Stats
Interest Rates Taking a Toll on Housing Market The October 2023 Real Estate Market Stats show that last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area. This is the same number as last October and down by eight percent from September 2023 (266). Sales of condo…
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In the Loop: September 2023 Real Estate Market Stats
Quiet September Market Favours Buyers The September 2023 Real Estate market stats show that last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 percent increase from one year ago (239) and down by 18 percent from August 2023 (324). Sales of condo apartments in…
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In the Loop: August 2023 Real Estate Market Stats
Quiet Market Closes Out The Summer The August 2023 Nanaimo Real Estate Market Stats show that last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven percent increase from one year ago (304) and down by 21 percent from July 2023 (414). Sales of condo…
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In the Loop: May 2023 Real Estate Market Stats
Return to a more traditional spring market is welcome! The May 2023 Real Estate Market Stats are here, and they show that last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight percent increase from one year ago (450) and a 25 percent increase from…
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In the Loop: November 2022 Real Estate Market Stats
CONTINUING INVENTORY GAINS POSITIVE SIGN FOR NEW YEAR NANAIMO, BC – The November 2022 Real Estate Market Stats show that last month, 244 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 30 percent decrease from one year ago and down by two percent from October. There were 54 condo apartment…
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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…