The real estate market in Nanaimo is very active. Looking at the year-to-date sales as at August 31, 2015 as compared to August 31 2014 there was an increase of 20% more homes sold and an increase of 7% in the average sale price of single family homes. The average sale price for a single family home at the end of August 2015 was $389,021 compared to $368,679 at the end of August 2014.
Active listings are down and the number of unit sales is up which indicates that Nanaimo is experiencing a seller’s market.
Below is the number of single family homes sold by dollar amount for the first 8 months of 2015. Average prices for other property types in Nanaimo, as of August 31, 2015:
Condos (Apts) $ 216,746
Patio Homes $ 288,665
Townhouses $ 268,323