Lynn's Blog

Home prices in Nanaimo BC for November 2012

Home prices in Nanaimo BC for November 2012

 

Real estate market data for Nanaimo, BC provided by Lynn Donn of Royal Lepage Nanaimo Realty

Nanaimo home prices

We have seen 11 straight months of a lowering trend in house prices in Nanaimo.  However, when we look at the past 11 months, instead of just looking at the past month, house prices are down by only 3% over the same 11 months of 2011.  There has been a great deal of media coverage on how prices are plummeting.  If you look at the big picture, a 3% decrease is modest, however I don’t think it is alarming.

 

  Average sell Price of Nanaimo Homes

 

 

 

 

 

 

 

 

Houses

Condos

Lots

 

 

Nov-11

$363,911

$217,611

$161,985

 

 

Nov-12

$352,369

204,612

$155,081

 

 

 

Real estate market data for Nanaimo, BC

 

 

 

 Nanaimo Real estate report summary

The following are the single family market changes for November 2012 compared with November 2011

-  There were 120 units listed this November compared to 131 units in November 2011. – Down by 8%

-  There were 74 units sold this November compared to 79 units sold in November 2011- Down by 6%

-  The average sale price per unit for November 2012 was 3% lower than November 2011

-  The average days to sell in November 2012 were 63 days compared with November 2011 which was 66 days.

-  The average unit sold in November 2012 received 94% of asking price.  In November 2011 the average unit sold for 95% of asking price

-  The sell/list ratio (how many listed homes actually sold) was 62% in November 2012 versus November 2011 which was 60%

Find homes for sale in Nanaimo

Visit my website to search for homes for sale in Nanaimo or to be notified when Nanaimo homes come on the market.

To find out what your home is worth in the current market please contact me.

 

Search Nanaimo Listings

ask Lynn a question

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.