Who is buying real estate in Nanaimo?

Real Estate Agent with Royal Lepage Nanaimo Realty

Who is buying real estate in Nanaimo?

I have been reviewing the 2011 home buyer profile published by VIREB.  This report reviews Nanaimo real estate sales for 2011 and helps determine where the buyers come from and who they are.

Nanaimo real estateThe report looks at buyer origin, major reason for purchase, the length of time a buyer had lived in the community before buying, Type of purchase ( primary residence or investment), First time buyer  or retirement purchase,  down payment info., how buyers learnt of property, how buyers chose a Realtor, selling price range, home characteristics.

The following numbers reflect the highest frequency or most common value for each category.  These numbers reflect the “ Typical” buyer for 2011.

The typical buyer for 2011:

·     Came from the Nanaimo area,

·    Purchased their home to be their principle residence

·      Lived in the Nanaimo area for less than one year

·     Was not a first time buyer or a senior purchasing a retirement home

·      Became aware of the property through a Realtor

·   Their Realtor was recommended to them by family or friends

·     Purchased a home priced between $300,000 - $350,000

·     Bought a single family home with 3 beds and 2 bathrooms

·      Bought a home with vinyl siding and a double garage.

·      The top site characteristics was an ocean view.

To review additional real estate statistics in Nanaimo please read my monthly real estate statistics.


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Team Honeycutt
Allen Tate - Concord, NC

Your statistics are very interesting. I suspect that first time home buyers and senior's downsizing may be a large portion of our business also but we do have out of state people relocating too. Lately we seem to have had a lot of young couples moving into larger homes. Thank goodness, we do have a wide range of buyers.


Jul 14, 2012 06:07 AM #1
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Well, that is interesting!!

Jul 14, 2012 06:22 AM #2
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Lynn Donn

Homes for Sale in Nanaimo BC
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