Wednesday, September 05, 2012

Nanaimo House Prices August 2012


  Nanaimo Real Estate Home Sales
Nanaimo House Prices Aug. 2012
Prices Down 7%  -  Sales Decrease 38%

The following information is taken from the MLS sales data from the Vancouver Island Real Estate Board. The information is based on single-family residential unit sales.

The month of August 2012 saw 68 homes sold, compared with 114 homes the previous month, and compared with 110 homes sold in August 2011. This represents a 38% decrease when compared with last year.

The average sale price decreased in August 2012 by 7% to $341,434.00 compared with $365,592.00 in August 2011. The median Nanaimo house price for August 2012 was $351,000.00.


VIREB cautions that average price information can be useful in establishing trends over time, but does not indicate the actual prices in centers comprised of widely divergent neighbourhoods or account for price differential between geographic areas.

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