Sales of Nanaimo homes by price range
The summer concluded with much slower activity levels in the Nanaimo real estate market. August sales were down by 38%. According to a recent article in the Globe & Mail, the record low interest rates and strong economic growth in Canada, should support Canada’s real estate sector,
Reviewing the local real estate market can be more effectively done over a period of time rather than by an individual month’s performance. I have prepared a chart of home sales in Nanaimo by price from January 1- August 31 2012. I believe this chart better reflects what is going on in the local market.
The highest number of sales, of single family homes, occurred in the price range between $300,000 & $ 400,000.