Nanaimo Real Estate Sept. 2010
Total Nanaimo Home Sales
Decrease 34% Over 2009
Prices Off By 1%
Total number of homes sold in Nanaimo for the month of September 2010 numbered 78 which is a 34% decrease when compared with the 118 units sold in Sept. 2009.
The average selling prices in Nanaimo slipped a total of 1% year to year from $353,702 in 2009 to an average price of $350,998 in Sept. 2010.
“We are beginning to see a plateau in inventories while prices are holding their own, “says VIREB President Cliff Moberg.” “With historically low interest rates still available, it may be as good a time as any to consider buying a home”, he adds.
The average selling prices in Nanaimo slipped a total of 1% year to year from $353,702 in 2009 to an average price of $350,998 in Sept. 2010.
“We are beginning to see a plateau in inventories while prices are holding their own, “says VIREB President Cliff Moberg.” “With historically low interest rates still available, it may be as good a time as any to consider buying a home”, he adds.
The average sale price across the VIREB region for September 2010 was $325,336; a 2 % decrease from the $333,117 posted a year ago.
For the 12‐month period from the end of September 2009 to September 2010, average sale prices across VIREB's six zones were: Campbell River decreased 13 % (to $261,423), the Comox Valley was down 2% (to $327,043), Nanaimo slipped 1% (to $350,998), Parksville/Qualicum jumped 10% to $392,137), Port Alberni grew 3 % (to $248,136) and the Cowichan Valley slid 11% (to $313,363).
Following sales figures are based on average MLS sales summaries for Nanaimo and other Canadian cities for September 2010.
National Average
Sept. 10 - $331.089
Sept. 09 - $331,683
Sept. 10 - $331.089
Sept. 09 - $331,683
Sept. 10- $485,459
Sept. 09- $502,208
Vancouver BC
Sept.10 - $679,381
Sept.09 - $610,576
Sept.10 - $679,381
Sept.09 - $610,576
Calgary
Sept. 10 - $401,080
Sept. 09 - $394,835
Regina
Sept. 10- $240,667
Sept. 09 - $242,196
Sept. 10- $240,667
Sept. 09 - $242,196
Toronto
Sept. 10 - $427,269
Sept. 09 - $406,877
Ottawa
Sept. 10 - $324,841
Sept. 09 - $305,628
Sept. 10 - $324,841
Sept. 09 - $305,628
Nanaimo Sept.10- $350,998 Sept. 09- $353,702
Units Sold Sept.10 - 78 Sept. 09 - 118
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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