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Nanaimo Real Estate market for the year 2014
Nanaimo Real Estate market for the year 2014
It is now early January in Nanaimo.  It’s the perfect time to have a look back at what happened in the real estate market here in Nanaimo, over the past twelve months.
VIREB has calculated the Nanaimo real estate sales numbers for the year 2014. 
Knowing what is going on in the Nanaimo real estate market is important for both buyers and sellers.  For buyers looking at real estate in Nanaimo the main concerns are price, selection and timing.  For people selling their Nanaimo home the important factors are timing, level of inventory (competition) on the market and how much they can ask for their home. I hope the following figures and stats will assist both buyers and sellers navigate their way through their real estate transactions.
Below are the types of real estate sold in 2014 (source VIREB) in Nanaimo:
Property Type    Number of unit’s        Average sale price
Single Family            1230 units                $370,760.
Waterfront homes      33                            $689,784.
Condo (Apt)               221                            $214,974           
Condo (Patio)               54                           $285,487
Condo (Townhouse)    175                        $261,047
Lots                                133                        $165,832
The single family home market in 2014 was up by 9% in units reported sold compared to 2013.  ... more

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