Nanaimo Real Estate Blog

Absorption rates as of July 1, 2018

We are half way through 2018 and it feels like there is a change in the air in the Nanaimo real estate market. After reviewing the Vancouver Island Real Estate Board stats for the month of June, the numbers also seem to indicate that the real estate market is slowing.

There have been many...

It’s been a while since I have calculated the absorption rates for sales here in Nanaimo. There appears to be a slight softening in the market so it makes sense to pull out the sales stats and see what is actually happening in the Nanaimo real estate market.

The definition of absorption...

There appears to be a softening in the Nanaimo real estate market as we move into the month of June. It still appears to be a seller’s market in the lower price ranges but is a more balanced market in the higher price ranges.

What does a seller’s market mean and what is a balanced market?...

The real estate market in Nanaimo continues to be very active. Looking at the year-to-date sales for single family homes as at January 31, 2018 as compared to January 31 2017, there was a small decrease of 3% fewer homes sold but an increase of 15% in the average sale price .

The average...

The real estate market in Nanaimo continues to be very active. Looking at the year-to-date sales as at July 31, 2017 as compared to July 31, 2016, there was a decrease of 4% fewer homes sold yet the average sale price for single family homes increased by 17%.

The average sale price for a...

It is such an active sellers market here in Nanaimo I thought it was time to calculate what the current absorption rate is for single family homes.

Absorption rate is one of the key indicators on how the Nanaimo real estate market is faring.  It tells us the rate at which properties are...

Whether you own a condo or a house as your investment property it is a great time to take stock of your investment. If you are one of the lucky ones who invested in an investment property several years ago, you will most likely have realized a tidy profit.

In Nanaimo, real estate prices...

The real estate market in Nanaimo continues to be a seller’s market. Looking at the year-to-date sales as at January 31, 2017 as compared to January 31 ,2016, there was an increase of 19% more homes sold and an increase of 15% in the average sale price of single family homes.

The average...

The real estate market in Nanaimo continues to be very active. Looking at the year-to-date sales for single family homes as at January 31, 2017 as compared to January 31 2016, there was an increase of 19% more homes sold and an increase of 15% in the average sale price.

The average sale...

How To Sell Your Home In The Dead Of Winter

Although you may not choose to sell your home in Nanaimo in the winter sometimes we're forced to do just that due to circumstances beyond our control.  Job transfers or personal situations are two reasons that come to mind.

Here are three tips...