Real Estate Statistics for January 2015
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January 2015 |
December 2014 |
January 2014 |
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Nanaimo |
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Unit Sales: |
63 |
81 |
50 |
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Average Sale Price: |
$366,964 |
$386,352 |
$333,968 |
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Parksville / Qualicum |
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Unit Sales: |
33 |
41 |
32 |
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Average Sale Price: |
$360,009 |
$448,061 |
$399,141 |
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Nanaimo home sales increased 26% in January 2015 when compared with January 2014. The average sale price increased 10%. The median house price was $352,000.
Parksville/Qualicum home sales increased 3% in January 2015 when compared with January 2014. The average sale price decreased 10%. The median house price was $340,000.
Synopsis
In Nanaimo for January 2015 there were 356 active listings of single family freehold homes and 233 in Parksville/Qualicum.
The graphs below are for Nanaimo and show the average sold numbers and average sold price since January 2012.
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.
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.
BCREA Economic Update:
"Stronger economic conditions both at home and abroad combined with favourable interest rates and population growth are expected to bolster housing demand over the next two years,” said Cameron Muir, BCREA Chief Economist. “After a year in which housing demand ratcheted higher across the province, the retrenchment of oil prices is expected to attenuate housing demand in some regions while bolstering it in others."
The average MLS® residential sales price in BC is forecast to rise 4.5% this year, with most of the upward pressure being exhibited on the South Coast. Elevated consumer demand is expected to be partially offset by resale inventories and additions to the housing stock in 2016. As a result, the average MLS® residential sales price in BC is forecast to increase by 2.4% next year.
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
