NANAIMO REAL ESTATE SEPTEMBER 2011
Total Nanaimo Home Sales
Increase 23% Over 2010
Prices Up 3%
The average sale price increased in September 2011 by 3% to $359,821.00 compared with $350,998.00 in September 2010. For the month of September 2011 total number of sold homes in Nanaimo increased from 78 units in September 2010 to 96 units for the month representing a increase of 23%.
The prices on Vancouver Island seem to have not been subject to the same swings as other areas of the country. Nanaimo average house prices are still below their peak of $379,291 reached in Nov. 2008.
VIREB President Jim Stewart says; “We continue to see stability in the real estate market, with mortgage rates remaining low. Vancouver Island continues to be a great place to invest.”
For more information about Nanaimo House Prices and comparisons use this Nanaimo Info LINK.
Following sales figures are based on average MLS sales summaries for Nanaimo and other Canadian cities for August2011.
National Average
September11 - $352,581
September10 - $331,213
September11 - $352,581
September10 - $331,213
Victoria BC
September 11- $493,522
September 10- $485,459
September 11- $493,522
September 10- $485,459
Vancouver BC
September 11 - $751,042
September 10 - $679,381
September 11 - $751,042
September 10 - $679,381
Calgary
September 11 - $406,252
September 10 - $401,080
Regina
September 11 - $272,295
September 10 - $240,667
September 11 - $272,295
September 10 - $240,667
Toronto
September 11 - $465,369
September 10 - $427,269
Ottawa
September 11 - $337,109
September 10 - $324,841
Nanaimo Prices September 11- $359,821 September 10- $350,998
Units Sold September11 - 96 September 10 - 78 (+23%)
September 11 - $337,109
September 10 - $324,841
Nanaimo Prices September 11- $359,821 September 10- $350,998
Units Sold September11 - 96 September 10 - 78 (+23%)
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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