Nanaimo Prices Off By 12%February 09 to February 08
Based on average MLS sales summaries for Nanaimo and other Canadian cities for February 2009.
National Average
February 09 - $281,972
February 08 - $310,379
Victoria BC
February.09 - $442,592
February 08 - $487,696
Vancouver BC
February 09 - $542,641
February 08 - $623,517
Calgary
February 09 - $370,198
February 08 - $415,017
Toronto
February 09 - $361,361
February 08 - $382,048
Ottawa
February 09 - $273,991
February 08 - $283,199
Nanaimo
February 09 - $326.301
February 08 - $370,863
Units Sold
February 09 - 62
February 08 - 117
Remember these are 'average' house sales prices and do not necessarily reflect what the actual market value is of your property. For an accurate evaluation of your property you need to contact a real estate agent who is knowledgeable or a professional appraiser.
Averages are however helpful in identifying trends and clearly, real estate is not selling for what is was a year ago, which was over valued most likely. It is good news for first time home buyers, lower prices combined with record low mortgage rates in some cases make buying more attractive than continuing to rent.
No comments:
Post a Comment
Your comment will appear after moderation before publishing,
Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.
Thank you for participating and making your opinions known.
Note: only a member of this blog may post a comment.