We are still seeing low mortgage interest rates, high sales and low inventory - leading to higher prices. However, although we are still in a sellers market we have started to see an increase in the number of homes for sale in Nanaimo. So although the total number for sale is still low, when compared with previous years, it has meant the months of inventory graph has started an upward trend. This could therefore indicate that even though we are still a long way off a balanced market, there may be some relief on the horizon for buyers.
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.