Nanaimo Real Estate sales by neighbourhood for 2012

Nanaimo Real Estate sales by neighbourhood for 2012

I’ve been reviewing the 2012 real estate sales in Nanaimo by neighbourhood, of single family homes. VIREB has calculated the Nanaimo real estate sales numbers for the past 12 months.

Most months I look at the sales from the previous month.  However, this month I am going to share the annual sales numbers.  I believe that the year-to-date numbers will give us a more accurate reading of the current market.

The single family home, unit sales were down by 6% over 2011, and unit price was down by 3% this year over last.  The condo market was harder hit in that prices were down by 5% in 2012 and unit sales numbers were off by 11% as compared to 2011. Townhouse sale prices were down by 6% over last year and unit sales were down by 20% over 2011.

Below are the number of single family homes that sold by Nanaimo neighbourhood in 2012.

The next chart shows the average selling cost of homes by Nanaimo neighbourhood for 2012

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