Nanaimo Real Estate
Total Nanaimo Home Sales
Decrease 38% Over 2009
Prices Up By 5%
Total number of homes sold in Nanaimo for the month of July 2010 numbered 102 which is a 38% decrease when compared with the 164 units sold in July 2009.
The average selling prices in Nanaimo edged up a total of 5% year to year from $363,528 in 2009 to an average price of $382,672 in July 2010.
The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST.
The average selling prices in Nanaimo edged up a total of 5% year to year from $363,528 in 2009 to an average price of $382,672 in July 2010.
The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST.
Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards was down 6.8 per cent on a month-over-month basis in July. The national decline was smaller than the previous two months, as July sales in the Prairies and Quebec came in on par with June levels. Declines in British Columbia (-14.1 per cent) and Ontario (-8 per cent) accounted for 85 per cent of the change in national activity in July.
Based on average MLS sales summaries for Nanaimo and other Canadian cities for July 2010.
Victoria BC
July 10- $496,943
July 09- $475,490
Calgary
July 10 - $402,809
July 09 - $381,740
Toronto
July 10 - $420,455
July 09 - $395,414
NanaimoJuly 10- $382,672 July 09- $363,528
Units Sold July 10 - 102 July 09 - 164
Remember that these prices provide a broad market trend only and do not necessarily reflect the true market value of real estate. For a proper evaluation of your property you need to consult one of the many professional realtors in Nanaimo.
Based on average MLS sales summaries for Nanaimo and other Canadian cities for July 2010.
National Average
July 10 - $330,351
July 09 - $326,930
July 10 - $330,351
July 09 - $326,930
July 10- $496,943
July 09- $475,490
Vancouver BC
July 10 - $657,815
July 09 - $584,105
July 10 - $657,815
July 09 - $584,105
Calgary
July 10 - $402,809
July 09 - $381,740
Regina
July 10- $281,836
July 09 - $240,235
July 10- $281,836
July 09 - $240,235
Toronto
July 10 - $420,455
July 09 - $395,414
Ottawa
July 10 - $322,342
July 09 - $300,635
July 10 - $322,342
July 09 - $300,635
NanaimoJuly 10- $382,672 July 09- $363,528
Units Sold July 10 - 102 July 09 - 164
Remember that these prices provide a broad market trend only and do not necessarily reflect the true market value of real estate. For a proper evaluation of your property you need to consult one of the many professional realtors in Nanaimo.
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