Tag: Parksville
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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: 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: 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: October 2022 Real Estate Market Stats
HOUSING MARKET QUIETS AS YEAR-END APPROACHES NANAIMO, BC – The October 2022 Real Estate Market Stats show us that last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37% decrease from one year ago and up by 3% from September. There were 42 condo apartment sales in October…
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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: 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: 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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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…