Lynn's Blog

Nanaimo Real Estate market for 2017

Real Estate 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, 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 price for a single family home at the end of January 31, 2017 was $451,762 compared to $391,524 at the end of January 31, 2016. Active listings are up by 1% year-to-date and the number of unit sales is up by 19% which indicates that Nanaimo is continuing to experience a seller’s market.

Average prices for other property types in Nanaimo, as of January 31, 2017:

 Lots  $189,209
 Condos (Apts)  $237,755
 Patio Homes  $309,683
 Townhouses  $280,717

This graph shows the increase in average sale price, year to date as at January 31 2017, for lots, single family homes, condo apartments, condo patio homes, and condo townhouses.

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