Nanaimo Real Estate market for 2017
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 sale price for a single family home at the end of January 31, 2018 was $518,896 compared to $451,869 at the end of January 31, 2017 . Active listings are up by 9% year-to-date and the number of days to sale is taking 16% fewer which indicates that Nanaimo is continuing to experience a seller’s market.
Below is the number of single family homes sold by dollar amount for the year 2017
Average prices for other property types in Nanaimo, as of January 31, 2018:
| Lots | $237,666 |
| Condos (Apts) | $274,392 |
| Patio Homes | $413,935 |
| Townhouses | $317,812 |
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.