Real Estate Statistics for January 2018

Real Estate Statistics for January 2018
 

Nanaimo home sales increased 59% in January 2018 when compared with January 2017. The average sale price increased 2%. The median house price was $499,900.

Parksville/Qualicum home sales increased 9% in January 2018 when compared with January 2017. The average sale price increased 20%. The median house price was $532,500.
 
Synopsis
In Nanaimo for January 2018 there were 181 active listings of single family freehold homes, which is 8% lower then January 2017.
 
The graphs below are for Nanaimo and show the average sold numbers and average sold price since January 2014 (single family homes only.)

The following graph shows the % difference of the housing price index (HPI) from the same month 12 months ago. It is split into the different sub-areas and is for single family homes.

 
The following graph shows what is called the absorption rate. This is the time it would take the current homes for sale, to sell, if no new homes were listed, which indicates whether we have a sellers, balanced or buyers market. The 3 rates are based on 1, 6 and 12 months of sales data.

These figures do concentrate on single family homes but if you would like similar information for other property types, such as apartments or patio homes, or specific geographical areas of Nanaimo or Parksville/Qualicum, then I would be more than happy to discuss those with you as well.
 
As always I hope you find these monthly newsletters informative and if at any time you or any of your friends, relatives or co-workers are looking for a professional realtor to help them buy or sell a home, or just have a real estate question, please call my personal cell, 250-739-1228, or drop me an email.
 
Thank you,
Ian Hodson