Sales of Nanaimo homes by price range

Sales of Nanaimo homes by price range

The summer concluded with much slower activity levels in the Nanaimo real estate market.  August sales were down by 38%.  According to a recent article in the Globe & Mail, the record low interest rates and  strong economic growth in Canada, should support Canada’s real estate sector,

Reviewing the local real estate market can be more effectively done over a period of time rather than by an individual month’s performance.  I have prepared a chart of home sales in Nanaimo by price from January 1- August 31 2012.  I believe this chart better reflects what is going on in the local market.

The highest number of sales, of single family homes, occurred in the price range between $300,000 & $ 400,000.