Nanaimo real estate stats

Absorption rates for single family homes

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...

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...

Nanaimo Real Estate market as of November 1, 2016

The real estate market in Nanaimo continues to be very active. Looking at the year-to-date sales as at October 31, 2016 as compared to October 31 2015, there was an increase of 21% more homes sold and an increase of 13% in the average sale price...

Nanaimo real estate Market update – Condos

We are now at the end of September and three quarters the way through 2016 which makes it a great time to have a look back at what has happened with the Nanaimo condo market over the past 9 months.

Upon reviewing the stats supplied by VIREB (...

Nanaimo real estate Market update – Single family homes

We are now three quarters of the way through the year 2016. It’s the perfect time to have a look back at what has happened with the single family home market over the past 9 months here in Nanaimo.

Using the stats supplied by VIREB...

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