nanaimo real estate market: The Nanaimo real estate market as of October, 2013 - 11/19/13 08:34 AM
The Nanaimo real estate market as of October, 2013
Nanaimo home sales are up and inventory levels are low.  October was the third straight month to reflect this trend.
There were 22% more single family homes sold this October than sold in October 2012.  
The following numbers compare October 2013 real estate sales activity to the same month in 2012. They reflect the Percentage of changes for the number of units listed, sold and average sell price for single family homes, condos and townhouses in Nanaimo.  
Single Family homes
Units listed – 11% fewer homes listed 
Units sold – … (0 comments)

nanaimo real estate market: Nanaimo home sales for the month of September 2013 - 10/09/13 05:24 AM
Nanaimo home sales for the month of September 2013
The Nanaimo real estate market has been busy. September saw a 57% increase in the sale of single family homes as compared to September 2012.  Additionally, the condo market is seeing an overall improvement in the number of sales.
The following chart highlights the number of sales and average selling price per property type, for the month of Sept. 2013.

 
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nanaimo real estate market: Real Estate in Nanaimo - Absorption rates for June 2013 - 07/11/13 05:55 AM
Real Estate in Nanaimo - Absorption rates for June 2013
 
There have been some real market changes in Nanaimo real estate over the second quarter of 2013.  We are most definitely experiencing a sellers’ market. A sellers’ market is a real estate market where there is a low inventory of homes for sale in relation to the number of buyers that are shopping for homes.

I spent some time with my calculator calculating the real estate in Nanaimo absorption rates as of the end of June 2013.  My numbers came from the latest real estate stats published by VIREB … (0 comments)

nanaimo real estate market: State of the Nanaimo real estate market for spring 2013 - 05/03/13 10:34 AM
State of the Nanaimo real estate market for spring 2013
It’s early May and we are enjoying a lovely, warm spring here in Nanaimo.
I’ve spent some time reviewing local real estate statistics for the month of April 2013 as compared to April 2012.
 
The market is interesting to say the least.  Absorption rates are showing us that the market has swung back to being a balanced market bordering on a seller’s market.
 
April was a very busy month!  If you have been driving around Nanaimo over the past few weeks you may have noticed red and white SOLD … (0 comments)

nanaimo real estate market: Real Estate in Nanaimo - Absorption rates for April 2013 - 05/03/13 09:08 AM
Real Estate in Nanaimo - Absorption rates for April 2013
The question I am most frequently, as a Nanaimo Realtor is “How’s the market in Nanaimo?”.  The best way to understand how the local real estate market is doing is to calculate the absorption rates.
The definition of absorption rates is the number of weeks it takes to sell the current real estate inventory in Nanaimo at the present rate of sales.
April 2013 was a busy month for single family homes sales in Nanaimo.  There were many Sold signs all over Nanaimo.  With that in mind I … (1 comments)

nanaimo real estate market: Nanaimo Real Estate sales by neighbourhood for 2012 - 01/06/13 06:25 AM
Nanaimo Real Estate sales by neighbourhood for 2012
 
I’ve been reviewing the 2012 real estate sales in Nanaimo by neighbourhood, of single family homes. VIREB has calculated the Nanaimo real estate sales numbers for the past 12 months.
Most months I look at the sales from the previous month.  However, this month I am going to share the annual sales numbers.  I believe that the year-to-date numbers will give us a more accurate reading of the current market.
The single family home, unit sales were down by 6% over 2011, and unit price was down by 3% this year … (0 comments)

nanaimo real estate market: Real Estate in Nanaimo - Absorption rates for July 2012 - 08/05/12 07:19 AM
Real Estate in Nanaimo - Absorption rates for July 2012
“How’s the market in Nanaimo?”  This is the number one question I am asked as a Nanaimo Realtor.  The best way to understand how the local real estate market is doing is to calculate the absorption rates.
The definition of absorption rates is the number of weeks it takes to sell the current real estate inventory in Nanaimo at the present rate of sales.
My numbers come from the latest real estate stats published by VIREB (Vancouver Island Real Estate Board).  Based on the information they have supplied I … (0 comments)

nanaimo real estate market: Nanaimo Real Estate Market as of August 1 2012 - 08/04/12 06:59 AM
Nanaimo Real Estate Market as of August 1 2012 - What’s selling & for how much?
The Nanaimo real estate sales numbers for the month of July, 2012 have been published. 
Here’s the type of real estate that sold in Nanaimo in July 2012 (source VIREB):
Property Type    Number of unit’s        Average price
Single Family            114 units                   $360,000
Condo (Apt)               26                              $ 201,016             
Condo (Patio)              7                             $ $269,464
Condo (Townhouse)    8                             $244,612
Lots                               4                            $ 147,500
How does one analyze the state of the Nanaimo real estate market?  This is a very important question for both … (0 comments)

nanaimo real estate market: How is the Nanaimo real estate market- as of March 2012? - 03/14/12 03:57 AM
How is the Nanaimo real estate market- as of March 2012?
Have you been wondering how the real estate market is doing in Nanaimo?  If so, the following video highlights the trends that are now occuring in the Nanaimo real estate market.

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nanaimo real estate market: It’s a buyer’s market in Nanaimo - 10/30/11 10:15 AM
It’s a buyer’s market in Nanaimo
It is a buyer's market in the Nanaimo home market.  In Nanaimo, as of Sept. 30th, 2011 it was taking an average of 28.98 weeks to sell the inventory that was currently on hand at the end of September.  Anything over 24 weeks is considered a buyer’s market.
There are plenty of homes on the market  to choose from. 
Other signs that the Nanaimo real estate market is experiencing a buyer’s market are:
When your Realtor shows you that comparable sale prices are higher than active listing prices. Fewer buyers are purchasing, resulting in … (0 comments)

 
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Lynn Donn

Homes for Sale in Nanaimo BC

Nanaimo, BC

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Royal Lepage Nanaimo Realty

Address: #275-2000 Island Hwy N., Nanaimo, BC, V9S 5W3

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