Nanaimo Real Estate Blog

single family home

The Nanaimo real estate market is adjusting.  The good news is that the numbers appear to reflect that we are experiencing a balanced market.  A balanced market is a much more comfortable market for buyer’s than the seller’s market we have been experiencing over the past three years. Lower...

A growing number of people are discovering that the Nanaimo real estate market is a great place to buy an investment home but aren’t sure how to start. Here are three frequently asked questions about buying an investment home in Nanaimo.

Buy & Hold vs. Fix-And-Flip Which is better?

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Top-rated Nanaimo Realtors will tell you that bigger isn’t always better when it comes to home ownership. If you’re just starting out and need room to grow, or already have a family, then having some extra space can be a big bonus. But all homeowners reach a point in their lives when the time...

Pictures sell homes! Most real estate buyer's these days start their search for a home online before they even consider getting into their car to do a drive by. First impressions matter; that’s why it is so important to have good pictures of your home.

In most cases, when I take a new...

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...