Nanaimo real estate market stats

March 2019 was similar to February 2019 in that the Nanaimo real estate market stats, released by the Vancouver Island Real Estate Board, continue to show signs of an adjusting market.

Unit sales are down in all property types with prices holding steady in single family homes and…

If you’re thinking about buying a home in Nanaimo, it’s important to understand all of the factors that go into making a smart purchase decision. You should have a big-picture idea of how the Nanaimo BC real estate market works. You’ll also need to know how to analyze the seemingly countless…

The Nanaimo real-estate market continues to show signs of an adjusting market according to statistics released at the end of February by the Vancouver Island Real Estate Board.

Unit sales are down in all property types with prices softening in single family homes and patio homes and up…

Another year has come and gone and we are now well into 2019.  

Reviewing real estate sales activity for the previous year helps to get a feel for what to expect for the 2019 market.

Keeping abreast of what is happening in the Nanaimo real estate market is important for both buyers…

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…