Nanaimo Real Estate market as at July 31 2017
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 single-family home at the end of July 2017 was $496,035 compared to $422,349. at the end of July 2016.
Average prices for other property types in Nanaimo, as of July 31, 2017:
| Lots | $214,949 |
|---|---|
| Condos (Apts) | $250,726 |
| Patio Homes | $387,571 |
| Townhouses | $293,684 |
For most of 2017 active listings were down and the number of unit sales were up over 2016. These numbers indicate that Nanaimo is continuing to experience a seller’s market.
This graph shows the number of single family homes sold by dollar amount for the first 7 months of 2017.
Every Nanaimo buyer, seller, property, and neighbourhood has its own details. Ask Lumen for a quick next-step answer, check the latest market stats, or send your question to The Dan Morris Real Estate Team for personal guidance.