Tag: Nanaimo
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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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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…
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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…
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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…
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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…
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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…