Lynn's Blog

The Nanaimo real estate market as of November 30, 2014

The Nanaimo real estate market as of November 30, 2014

Nanaimo single family home sales were down in November 2014.  There were 8% fewer single family homes sold this November as compared to November 2013.  However, year-to-date there were 7% more homes sold in 2014 than in 2013.  

Inventory levels are still low with only 383 active single family home listings in November 2014 compared to 409 in November 2013.  The number of patio home and townhouse listings were lower this year as compared to last as well.

The following numbers indicate November 2014 real estate sales activity as compared to the same month in 2013. They reflect the Percentage of changes for the number of units listed, sold and average sell price for single family homes, condos and townhouses in Nanaimo.  

Nanaimo real estate statsSingle Family homes

Units listed – 15% fewer homes listed 

Units sold – 8% fewer homes sold

Average sale price – Up by 8%  

Condos

Units listed – 187% more condos listed 

Units sold – 44% fewer condos sold

Average sale price – Down by 10%

Townhouses

Units listed – 55% fewer townhouses listed 

Units sold – 56% more homes sold

Average sale price – Up by 3%

The above numbers indicate the following:

- Sale prices are up in all property types except in condos

- In all property types the number of unit sales went down except for townhouses

For additional information on the Nanaimo real estate market, please give me a call.

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