Nanaimo real estate stats

November Nanaimo  real estate market report

The sales stats at the end of November 2018 have changed significantly as compared to November 2017. The market is experiencing a shift, for sure. Looking at the single-family, condo & townhouse sales numbers as at Dec. 1, 2018 we are firmly in a balanced market as compared to a seller’s...

Interesting numbers for October 2018.  The market feels like its shifting and slowing however the stats that have come in for October 2018 show that we dipped back into a seller’s market in October for single family homes.

A seller’s market refers to a situation in which the seller calls...

Real Estate in Nanaimo - Absorption rates as of September 30, 2018

We are two thirds of the way through 2018 and the Nanaimo real estate market is softening.

Several key factors have impacted the market including the new mortgage requirements and the recently introduced stress test...

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...

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...

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