In both Nanaimo and the Parksville/Qualicum area we are continuing to see a shortage of inventory as we are down approximately 50% compared with the same month last year. Also the number of sales is approximately matching the number of houses for sale. All this has lead us to still having a high median selling price, many multiple offers and a continuation of it being a sellers market.
Real Estate Statistics
The graphs below show the median sold price, sold numbers and number of new listings since the beginning of each year (freehold homes only.)
Median Sold Price:
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.