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Real estate market report for August 2024

Welcome to the monthly real estate statistics newsletter.  

Real Estate Statistics

Synopsis for Nanaimo
 
The graphs below show the median sold price for the previous 5 years (freehold homes in Nanaimo and Parksville/Qualicum, townhouses and apartments in Nanaimo.)

Median Sold Price - Nanaimo freehold homes:


Median Sold Price - Parksville/Qualicum freehold homes:


Median Sold Price - Nanaimo townhouses:


Median Sold Price - Nanaimo apartments:


The following graphs shows the % difference of the housing price index (HPI) from the same month 6 and 12 months ago. It is split into the different sub-areas (the overall figure for Nanaimo is on the left of the graphs.)

Freehold homes:




Strata apartments/townhouses:



The following graphs show the sales numbers against total active listings. This is helpful to show how the market is doing as the closer the 2 lines come together on each graph generally indicates a busy active market.

Nanaimo Freehold homes:


Parksville/Qualicum freehold homes:


Nanaimo Townhouses:


Nanaimo Apartments:


The following graphs show the months of inventory. 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.

Nanaimo Freehold homes:


Parksville/Qualicum freehold homes:


Nanaimo Townhouses:


Apartments:

 
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

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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.