Nanaimo Real Estate Still A Bargain By Most Standards
The Nanaimo real estate market has enjoyed some tremendous gains over the past ten years, with average house prices rising from $146,829 in 2000 to $348,390 in 2009 posting a gain of $201,561 over the ten year period. This represents a gain of over 137%.
Even in spite of the current economic downturn, Nanaimo real estate prices have suffered nowhere near as badly as some other centers.
The spectacular setting the harbour city enjoys combined with extremely favourable weather makes Nanaimo real estate very attractive to people of all age groups. It is especially appealing to semi-retired and retired people who are weary of dealing with the type of winter endured in other parts of Canada.
Adding to the appeal of Nanaimo real estate is the extensive and varied retail base situated in this central Vancouver Island community. It would be hard to imagine what type of product or service you would be unable to secure in this thriving city.
Making real estate even more alluring is the fact Nanaimo offers most big city amenities while retaining the benefits of a smaller community.
When you consider the natural beauty this sea side community enjoys, fresh clean air, sparkling clear drinking water, swimming pools, ice rinks, golf courses, fishing, boating, coupled with the acres and acres of parkland, miles and miles of trails and seaside walks, good schools, large hospital, good access to medical and dental, large retail and service sector it is little wonder many consider Nanaimo Real Estate an outstanding bargain when compared with similar centers worldwide.
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