Real estate market data for Nanaimo, BC provided by Lynn Donn of Royal Lepage Nanaimo Realty Nanaimo home prices We have seen 11 straight months of a lowering trend in house prices in Nanaimo. However, when we look at the past 11 months, instead of just looking at the past month, house prices are down by only 3% over the same 11 months of 2011. There has been a great deal of media coverage on how prices are plummeting. If you look at the big picture, a 3% decrease is modest, however … (2 comments)
nanaimo home prices: What are the prices of homes in Nanaimo?
- 08/05/12 06:38 AM
What are the prices of homes in Nanaimo? I am often asked the question “What are prices like for homes in Nanaimo?” There are a number of different neighbourhoods in Nanaimo and each one has its own special attributes. With that in mind prices will vary accordingly. Based on single family home sales in Nanaimo for the month of July 2012 I have reviewed current VIREB (Vancouver Island Real Estate Board) data. The following chart reflects the average selling prices for homes, by Nanaimo neighbourhood, for the month of July 2012.
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nanaimo home prices: Nanaimo real estate statistics- November 2011
- 12/05/11 06:41 AM
Nanaimo real estate statistics- November 2011 The numbers are in! Here is a review of real estate in Nanaimo for the month of November, 2011. Let’s have a look at some Nanaimo real estate statistics for last month. The Cumulative Residential Average Single Family Sale Price is up by 4% over November 2010. The average sale price was $361,210 in November 2011 compared to $348,368 in November 2010. The following are the single family market changes for November 2011 compared with November 2010 - There were 131 units listed this November compared to 124 units in November 2010. There were … (0 comments)
nanaimo home prices: Real Estate in Nanaimo - Absorption rates for November 2011
- 12/05/11 06:25 AM
Real Estate in Nanaimo - Absorption rates for November 2011 I have been reviewing the Nanaimo real estate statistics for November 2011. I spent some time with my calculator calculating the real estate in Nanaimo absorption rates as of the end of November 2011. My numbers came from the latest real estate stats published by VIREB (Vancouver Island Real Estate Board). Based on the information they have supplied I have calculated the absorption rates for real estate here in Nanaimo. This information helps me understand the real estate market in Nanaimo and where it is headed. The definition of absorption … (0 comments)
The Nanaimo real estate sales numbers are in for the month of November, 2011. How do you analyze the Nanaimo real estate market? This is a very important question 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, stats and graphs … (0 comments)
How do you analyze the Nanaimo real estate market? This is a very important question 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, stats and graphs may assist both buyers and sellers.
Here’s the type of real estate sold in Nanaimo in … (0 comments)
nanaimo home prices: Housing prices in Nanaimo- October 2011
- 11/08/11 11:00 AM
Housing prices in Nanaimo - October 2011 Are you considering purchasing a home in Nanaimo? Are you wondering what housing prices in Nanaimo are? If so, it is important to know the state of the real estate market in Nanaimo before beginning your search. The best indicator of housing price trends is reviewing current home sales. VIREB prepares monthly reports to assist REALTORS®, who in turn assist their clients, in making pricing decisions. Based on the information I have received from VIREB I have prepared a chart. The following chart is broken down by Nanaimo neighbourhood and lists the average selling … (0 comments)
What is selling in the Nanaimo real estate market? This is a very important question 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. The following figures, stats and graphs will assist buyers and sellers to view the Nanaimo real estate market in a realistic light.
Here’s the type of … (0 comments)
nanaimo home prices: Nanaimo real estate statistics- September 2011
- 10/08/11 05:45 AM
Nanaimo real estate statistics- Sept 2011 What happened in the world of real estate in Nanaimo for the month of September, 2011? Let’s have a look at some Nanaimo real estate statistics for last month. According to the stats it appears that the improvement that we saw in the local market in August carried through to September. The Cumulative Residential Average Single Family Sale Price is up by 3% over September 2010. The average sale price was $359,821 in September 2011 compared to $350,998 in September 2010. The following are the single family market changes for September 2011 compared with September … (0 comments)
nanaimo home prices: Real Estate in Nanaimo - Should I accept the first offer that I get on my home?
- 09/20/11 09:46 AM
Real Estate in Nanaimo - Should I accept the first offer that I get on my home? Should I accept the first offer that I get on my home? That is a tricky question and one that is asked all of the time. If only we had a crystal ball! Generally, as a Realtor in Nanaimo, I will have reviewed with my clients (both a buyer and a seller) the current statistics in the local real estate market. We will have a look at the following before we make an offer or counter an offer: · How much inventory is currently on … (3 comments)
nanaimo home prices: Moving to Nanaimo
- 08/18/11 06:34 AM
Moving to Nanaimo? Are you planning on moving to Nanaimo ? Are you uncertain as to the best neighbourhood to settle in? If so, you may find my detailed Nanaimo neighbourhood information very helpful as you start looking for your new home. The Vancouver Island Real Estate Board (VIREB) divides the City into 18 different Nanaimo neighbourhoods. With so many Nanaimo neighbourhoods to choose from how does one choose where to live? For information on the 18 different neighbourhoods, including a brief description of the characteristics of each click here. You can also follow this link to a map of Nanaimo neighbourhoods, … (0 comments)
nanaimo home prices: Nanaimo luxury homes
- 07/19/11 11:21 AM
Nanaimo luxury homes The worldwide demand for luxury homes is intensifying. The Nanaimo luxury homes market is no different. According to an article by Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada, "The strength of the upper-end segment continues to defy expectations," He feels that Western Canada, in particular, will continue to see the upside benefit of investment from abroad." A number of factors position Canada as an attractive option, foremost that its real estate remains a bargain by international standards, given its ranking for quality of life, political and economic stability and the strength of its property laws. To … (0 comments)
nanaimo home prices: Nanaimo real estate- What's selling?
- 04/11/11 11:34 AM
Nanaimo real estate- What's selling? This spring the Nanaimo real estate market is fairly balanced. However, with all the current inventory available there are certain areas and price ranges that are selling better than others. I had a look at VIREB statistics for Nanaimo real estate sales for the month of March 2011. The following homes are selling faster and more frequently than others: Single Family Homes - North Nanaimo - Of the 63 homes sold in North Nanaimo in March- 32 of them (or 51%) were priced in the $350,000 to $450,000 price range South Nanaimo - Of the 34 homes … (0 comments)
nanaimo home prices: Free home evaluations in Nanaimo
- 03/29/11 08:13 AM
Free home evaluations in Nanaimo Are you thinking about selling your Nanaimo home? If so, before you do, you may wish to take advantage of my FREE home evaluation service. There are two options available to home owners when trying to determine the market value of their home. One is to hire a professional Appraiser who will appraise your home for a fee. Often it makes sense to hire an appraiser if you have a very unique home and or property. In a situation like this it would be difficult to compare your home to other similar homes that have sold … (0 comments)
nanaimo home prices: How should you price your house to sell?
- 03/09/11 02:47 AM
How should you price your house to sell? Have you been wondering how to price your house so it will sell quickly? Perhaps you have found your dream house but need to sell your house before you can buy it. The factor to consider before deciding on how you should price your house is "what is the perceived value of the home". Buyers and sellers determine value together. In other words value is determined by what a buyer is willing to pay as well as by what a seller is prepared to sell it for. Before you price your house remember … (0 comments)
nanaimo home prices: Real Estate in Nanaimo - Spring 2011 outlook
- 02/23/11 08:32 AM
Real Estate in Nanaimo - Spring 2011 outlook The question I hear most often these days is "What is the real estate market in Nanaimo going to be like this spring?" I wish I could accurately forecast that. However, based on stats from VIREB and information from BCREA I would propose that the following may occur this spring with the real estate market in Nanaimo.
Firstly let's have a look at posted statistics from VIREB on the real estate market in Nanaimo in 2010. The number of units sold was down in 2010 from 2009. However, the average price … (0 comments)
nanaimo home prices: Housing prices in Nanaimo
- 02/11/11 10:08 AM
Not sure what the current housing prices in Nanaimo are? Are you interested in buying a home, but want to determine the current state of the real estate market in Nanaimo before beginning your search? Look no further! The best indicator of housing prices in Nanaimo is for us to review the past years sales as well as trends in current home sales. VIREB- Vancouver Island Real Estate Board prepares monthly statistical reports to help consumers and REALTORS® assess market trends. Based on VIREB stats there were 1124 single family units sold in 2010 and the average sale price in Nanaimo … (0 comments)
Home prices in Nanaimo BC for November 2012
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