Nanaimo Real Estate
Total Nanaimo Home Sales
Decrease 28% Over 2009
Prices Up By 7%
Total number of homes sold in Nanaimo for the month of June 2010 numbered 115 which is a 28% decrease when compared with the 159 units sold in June 2009.
The average selling prices edged up a total of 7% year to year from $337,993 in 2009 to an average price of $362,018 in June 2010.
Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in June 2010.
Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards receded 8.2 per cent in June from the previous month. Led by lower activity in Toronto and Calgary, sales declined in almost 70 per cent of local markets.
Tightened mortgage regulations and anticipated interest rate increases cooled sales activity throughout the second quarter, resulting in a decline of 13.3 per cent from near-record levels in the first quarter. As expected, these two national factors contributed to a widespread decline in activity, with transactions down in all but a dozen or so smaller markets.
Based on average MLS sales summaries for Nanaimo and other Canadian cities for June 2010.
Victoria BC
June 10- $511,498
June 09- $476,686
Calgary
June 10 - $415,431
June 09 - $392,601
Toronto
June 10 - $435,064
June 09 - $403,918
NanaimoJune 10- $362,018 June 09- $337,993
Units Sold June 10 - 115 June 09 - 159
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.
The average selling prices edged up a total of 7% year to year from $337,993 in 2009 to an average price of $362,018 in June 2010.
Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in June 2010.
Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards receded 8.2 per cent in June from the previous month. Led by lower activity in Toronto and Calgary, sales declined in almost 70 per cent of local markets.
Tightened mortgage regulations and anticipated interest rate increases cooled sales activity throughout the second quarter, resulting in a decline of 13.3 per cent from near-record levels in the first quarter. As expected, these two national factors contributed to a widespread decline in activity, with transactions down in all but a dozen or so smaller markets.
Based on average MLS sales summaries for Nanaimo and other Canadian cities for June 2010.
National Average
June 10 - $342,662
June 09 - $326,689
June 10 - $342,662
June 09 - $326,689
June 10- $511,498
June 09- $476,686
Vancouver BC
June 10 - $657,934
June 09 - $575,949
June 10 - $657,934
June 09 - $575,949
Calgary
June 10 - $415,431
June 09 - $392,601
Regina
June 10- $274,673
June 09 - $245,097
June 10- $274,673
June 09 - $245,097
Toronto
June 10 - $435,064
June 09 - $403,918
Ottawa
June 10 - $328,238
June 09 - $307,793
June 10 - $328,238
June 09 - $307,793
NanaimoJune 10- $362,018 June 09- $337,993
Units Sold June 10 - 115 June 09 - 159
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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