Nanaimo home buyer profile
VIREB (Vancouver Island Real Estate Board) recently completed and released the Nanaimo home buyer profile. This Nanaimo home buyer profile is a Report containing results of a survey completed by Buyers of residential property, in Nanaimo, in 2010.
As a Nanaimo Realtor I found the results of this Buyer Profile to be quite enlightening. The statistic that I found to be the most interesting was the Buyer origin.
For Buyers of residential property, the primary Nanaimo home buyer's origin was as follows:
•1 50% coming from the same area ( in other words already living in the Nanaimo area)
•2 When added together, all origins from within BC totalled 83%
•3 and from Vancouver Island totalled 66%.
The Buyer origin profile has changed dramatically from a few years back when there was a large influx of buyers from Alberta. In fact, according to the 2010 Nanaimo home buyer profile only 6.7% of buyers came from Alberta.
Another interesting statistic was the length of time a buyer had been living in Nanaimo before purchasing their home. 40% had been living in the community for less than one year. The next highest was 21% who had lived in the community for twenty plus years.
The above statistic would suggest that 40% of last year's Nanaimo home buyers were new to the area and probably buying their first house in Nanaimo.
The Nanaimo home buyer profile is a fairly detailed report. I shall blog again regarding some of the other stats that came to light. In the meantime if you have any real estate questions please give me a call.