Thursday, March 05, 2015

Nanaimo House and Real Estate Prices February 2015

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices February 2015

Prices Flat 0% - Sales Decrease 15%

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 February 2015 saw 87 homes sold, compared with 63 homes the previous month, and compared with 102 homes sold in 
February 2014. This represents a 15% decrease when compared with last year.

The average sale price increased in 
February 2015 to $366,236.00 compared with $365,460.00 in February 2014 an increase of 0%. The median Nanaimo house price for February 2015 was $345,714.00.

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.

The benchmark price of a single-family home in the Campbell River area was $270,700, up 1.98 per cent from February 2014. In the Comox Valley, the benchmark price was $320,500, up just under one per cent from last year. Duncan reports a benchmark price of $283,900, an increase of 4.12 per cent over the same month in 2014. Nanaimo’s benchmark price was $340,200, up 3.47 per cent over last year. The Parksville-Qualicum area posted a benchmark price of $347,000, up slightly over last year. The price for a benchmark home in Port Alberni was $175,500, down 9.22 per cent from February 2014.


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