RSS

Welcome to the monthly real estate statistics newsletter.  We have been asked to include data for townhouses and apartments so have now started to include that information...sorry but it does mean more graphs! We hope you find this change useful and any feedback is always welcome.

October has been a slow month with lower sales, however, although median prices are generally lower than last year they probably have not dropped as much as some people were expecting. Also the Bank of Canada did hold their rates at the last meeting on October 25th. Their next meeting, where they announce the interest rate, is scheduled for December 6th. There has been lots of speculation of where interest rates are going and some have predicted that it may be around the middle of 2024 before we start to see them...
Read

I have sold a property at 1665 Meredith Rd in Nanaimo

I have sold a property at 1665 Meredith Rd in Nanaimo on Nov 3, 2023. See details here

Developer alert for this property as it is in a prime location in Central Nanaimo and on a good sized lot. House is fire damaged and boarded up so no interior access allowed. The current building is approx 2,700 sq ft on a 7,700 sq ft lot and backs onto a city park. The current house was previously listed as having 6 bedrooms, 3 bathrooms, including a 2 bedroom suite, so great potential to either renovate the existing structure or demolish and build a new home. This is a court ordered sale and is being sold "as is, where is" with no representations or warranties from the seller or listing brokerage/agent. All measurements and listing details are approximate and should be verified by the buyer if deemed important....

Read

Welcome to the monthly real estate statistics newsletter.
 

Real Estate Statistics





 
 
Synopsis for Nanaimo
 
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:


 
 
Sold Numbers:


 
 
Number of new listings:


 
 
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 graph) and is for single family homes.





 
 
The following graphs are for Nanaimo and show the sales numbers against new listings and sales numbers against total active listings. This is helpful to show how the market is...
Read

New property listed in Na Departure Bay, Nanaimo

I have listed a new property at 3335 Rock City Rd in Nanaimo. See details here

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short distance away. Don't miss your opportunity to call this stunning...

Read

Open House. Open House on Saturday, September 16, 2023 1:00PM - 3:00PM
Open house will be hosted by Ian Hodson

Please visit our Open House at 58 Duke St in Nanaimo. See details here

Open House on Saturday, September 16, 2023 1:00PM - 3:00PM Open house will be hosted by Ian Hodson

Developer or investor alert as these do not come along very often - a full duplex on a double lot, located at the end of a cul-de-sac and with views of Mt Benson. Home has been well maintained with new roof in 2010, recently rebuilt balcony on the upper level, newer hot water tank on the lower level. There is also a double garage with separate doors and has a wall down the middle with access on each side so each unit can have its own single garage. Each unit has 2 bedrooms with a large kitchen and living room and has its own laundry. The second lot is on the west side adjacent to Robins Park and is a steep slope but according...

Read

Open House. Open House on Sunday, September 17, 2023 2:00PM - 4:00PM
Open house hosted by Justin Steele

Please visit our Open House at 58 Duke St in Nanaimo. See details here

Open House on Sunday, September 17, 2023 2:00PM - 4:00PM Open house hosted by Justin Steele

Developer or investor alert as these do not come along very often - a full duplex on a double lot, located at the end of a cul-de-sac and with views of Mt Benson. Home has been well maintained with new roof in 2010, recently rebuilt balcony on the upper level, newer hot water tank on the lower level. There is also a double garage with separate doors and has a wall down the middle with access on each side so each unit can have its own single garage. Each unit has 2 bedrooms with a large kitchen and living room and has its own laundry. The second lot is on the west side adjacent to Robins Park and is a steep slope but according to the...

Read

Welcome to the monthly real estate statistics newsletter.
 
On September 6th the Bank of Canada announced they were holding the key interest rate at 5% - the next interest rate announcement is due on October 25th.

Single family median sold prices seem to be holding to similar amounts to the same time last year although sales are up but inventory levels are down. Historically we do see the real estate market pick up in the fall and I think that looking into my crystal ball we will see that, combined with the interest rate announcement, we will see it get busier over the next couple of months.


Real Estate Statistics





 
 
Synopsis for Nanaimo

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...
Read

New property listed in Na South Nanaimo, Nanaimo

I have listed a new property at 58 Duke St in Nanaimo. See details here

Developer or investor alert as these do not come along very often - a full duplex on a double lot, located at the end of a cul-de-sac and with views of Mt Benson. Home has been well maintained with new roof in 2010, recently rebuilt balcony on the upper level, newer hot water tank on the lower level. There is also a double garage with separate doors and has a wall down the middle with access on each side so each unit can have its own single garage. Each unit has 2 bedrooms with a large kitchen and living room and has its own laundry. The second lot is on the west side adjacent to Robins Park and is a steep slope but according to the City could be developed subject to a geotech report and the relevant permits (buyer to confirm...

Read

New property listed in PQ Errington/Coombs/Hilliers, Parksville/Qualicum

I have listed a new property at 7 1700 Alberni Hwy in Coombs. See details here

These properties do not come along very often in mobile home parks - 4 bed, 1,500 sq ft with a large garden area that is approx 65' x 35' so would be ideal for those gardeners and/or those with growing families. Plus the garden is fully fenced with cedar panels, has vegetable beds, 2 storage sheds and is gated with space for RV parking. The home has a large living room that has a cozy, newer WETT and mobile home certified wood stove. A good size dining room and kitchen with island. Plus has the 4 bedrooms and 2 bathrooms with the primary having an ensuite. This really is a great spacious home in a family and pet friendly park. All measurements are approx and should be verified if important.

Read

New property listed in Na Central Nanaimo, Nanaimo

I have listed a new property at 1665 Meredith Rd in Nanaimo. See details here

Developer alert for this property as it is in a prime location in Central Nanaimo and on a good sized lot. House is fire damaged and boarded up so no interior access allowed. The current building is approx 2,700 sq ft on a 7,700 sq ft lot and backs onto a city park. The current house was previously listed as having 6 bedrooms, 3 bathrooms, including a 2 bedroom suite, so great potential to either renovate the existing structure or demolish and build a new home. This is a court ordered sale and is being sold "as is, where is" with no representations or warranties from the seller or listing brokerage/agent. All measurements and listing details are approximate and should be verified by the buyer if deemed important. ...

Read
Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
Beds (Min)
Any
1
2
3
4
5
Baths (Min)
Any
1
2
3
4
5
Priced between $ & $
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.