Nanaimo home buyer profile

By
Real Estate Agent with Royal Lepage Nanaimo Realty

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.

Nanaimo home buyer profileAs 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.

  

 

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British Columbia Nanaimo
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Rainer
247,437
Valerie F. Lounsbury
Lounsbury Real Estate LLC - Kailua, HI
Realtor Broker, CMRE, GRI, SRES, RSPS, e-PRO

Great post Lynn.  Nanaimo is a gorgeous area, and BC is a fantastic Province.  Thanks for sharing.

Jul 04, 2011 01:08 PM #1
Ambassador
3,353,298
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Interesting statistics, Lynn!  40% moving within one year is high, high, high!  I guess mail marketing/farming gives quite good ROI for you?  I do wish that our area had something similar to poll buyers so that we would have a better knowledge of our buyers and their habits.  

Jul 04, 2011 06:18 PM #2
Rainmaker
209,347
David Stevens
Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC
Royal LePage Coast Capital Realty

Hi Lynn - The Home Buyer Profile for Nanaimo gives some excellent insight and stats for the area. I'm not surprised that so many people move there from other parts of BC but, like you I'm a little surprised that the Alberta buyers have dropped so much.

Cheers!

Jul 05, 2011 03:51 AM #3
Rainer
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Tim Peterson
Wisconsin Realtor Safety and Concealed Carry Classes - Madison, WI
Realtor Safety Training Classes

Thats great they do a profile for you there Lynn--thanks for sharing-now I can go after my board

Jul 05, 2011 02:15 PM #4
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Rainmaker
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Lynn Donn

Homes for Sale in Nanaimo BC
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