Tuesday, May 05, 2015

Nanaimo House and Real Estate Prices April 2015

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices April 2015

Prices Increase 9% - Sales Increase 57%

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 April 2015 saw 148 homes sold, compared with 129 homes the previous month, and compared with 94 homes sold in 
April 2014. This represents a 57% increase when compared with last year.

The average sale price increased in 
April 2015 to $387,469.00 compared with $356,103.00 in April 2014 an increase of 9%. The median Nanaimo house price for April 2015 was $370,000.00.

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.

The April 2015 benchmark price of a single-family home in the Campbell River area was $273,100, up just under two per cent from April 2014. In the Comox Valley, the benchmark price was $324,200, up slightly over last year. Duncan reported a benchmark price of $294,000, an increase of 3.97 per cent over the same month in 2014. Nanaimo’s benchmark price rose 3.60 per cent to $347,500, while the Parksville-Qualicum area saw its benchmark price increase by 2.69 per cent to $357,100. The price for a benchmark home in Port Alberni was $188,900, virtually unchanged from this time last year.


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