Nanaimo Real Estate as of July 1 2012 - What’s selling & for how much?

Nanaimo Real Estate as of July 2012

The Nanaimo real estate sales numbers for the month of July 2012 have been published. 

Here’s the type of real estate that sold in Nanaimo in July 2012 (source VIREB):

Property Type    Number of unit’s        Average price

Single Family            95 units                   $358,290

Condo (Apt)               18                           $ 210,978             

Condo (Patio)               6                          $ 222,795

Condo (Townhouse)    15                          $ 293,893

Lots                               3                         $ 140,000

 How does one analyze the state of the Nanaimo real estate market?  This is a very important question for both buyers and sellers.  For buyers looking at real estate in Nanaimo the main concerns are price, selection and timing.  For people selling their Nanaimo home the important factors are timing, level of inventory (competition) on the market and how much they can ask for their home. I hope the following analysis may assist both buyers and sellers in making real estate buying and selling decisions.

 The single family home, unit sales were 5% less than July 2011.  Prices were also down by 3% the condo market unit sales were the same as 2011 but condo unit sale prices were down by 1% and townhouse sale prices were up by 8% over July 2011.

 These numbers indicate fewer sales overall compared to July 2011.  Prices are lower overall property types except for townhouses.

For additional information regarding the Nanaimo real estate market please contact me or visit my Nanaimo real estate statistics page