Nanaimo real estate statistics for July 2012

Nanaimo real estate statistics for July 2012

The real estate statistics from July 2012 reflect the following changes in single family home sales.

Nanaimo real estate statistics for single family homes

The Cumulative Residential Average Single Family Sale Price is up by 2% over July 2011.  The average sale price was $360,007 in July 2012 compared to $354,077 in July 2011.

The following are the single family market changes for July 2012 compared with July 2011

-  There were 213 units listed this July compared to 224 units in July 2011. – down by 5%

-  There were 114 units sold this July compared to July 2011 which was 84 units.  This is an increase of 36% this year over last

-  The average sale price per unit for July 2012 was 2% higher thanJuly 2011

-  The average days to sell inJuly 2012 were 49 days compared with July 2011 which was 50 days.

-  The average unit sold in July 2012 received 95% of asking price which is identical to July 2011.

-  The sell/list ratio (how many listed homes actually sold) was 54% in July 2012 versus July 2011 which was 38

These numbers look good.  Overall, there were more units sold at a slightly higher average price in July 2012 than sold in July 2011.  In addition the sell/list ratio was higher in July 2012 by 16% over July 2011.  This shows that more homes that were listed actually sold.

On the down side; homes selling for $450,000 and up are taking longer to sell.  It appears that sales were strongest in homes priced between $300,000 - $350,000. and softer as prices rose.

For additional information regarding the Nanaimo Real Estate Market please visit my Nanaimo real estate statistics page.  In the meantime here are some tips on selling your home quickly.