Nanaimo House Prices -1.3%
June 09 to May 09
Units Sold Increases by 45%
June 09 to May 09
Units Sold Increases by 45%
Based on average MLS sales summaries for Nanaimo and other Canadian cities for June 2009.
National Average
June 09 - $326,613
June 08 - $315,264
June 09 - $326,613
June 08 - $315,264
Victoria BC
June 09 - $476,686
June 08 - $476,639
Vancouver BC
June 09 - $575,949
June 08 - $611,613
June 09 - $575,949
June 08 - $611,613
Calgary
June 09 - $392,601
June 08 - $418,866
Regina
June 09- $245,097
June 08 - $242,981
June 09- $245,097
June 08 - $242,981
Toronto
June 09 - $403,918
June 08 - $395,918
Ottawa
June 09 - $307,793
June 08 - $298,336
June 09 - $307,793
June 08 - $298,336
Nanaimo
June 09- $336,920
June 08 - $372,100
Units Sold
June 09 - 161
June 08 - 111
June 09- $336,920
June 08 - $372,100
Units Sold
June 09 - 161
June 08 - 111
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.
For July 2009 Nanaimo House Prices use this Nanaimo Info LINK.
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