Sunday, July 12, 2015

Nanaimo House and Real Estate Prices June 2015

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices June 2015

Prices Increase 10% - Sales Increase 42%

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 June 2015 saw 167 homes sold, compared with 150 homes the previous month, and compared with 118 homes sold in 
June 2014. This represents a 42% increase when compared with last year.

The average sale price increased in 
June 2015 to $397,448.00 compared with $361,341.00 in June 2014 an increase of 10%. The median Nanaimo house price for June 2015 was $365,000.00.

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 June 2015 benchmark price of a single-family home in the Campbell River area was $283,300, an increase of 6.51 per cent from last year. In the Comox Valley, the benchmark price was $334,000, up 2.89 per cent over 2014. Duncan reported a benchmark price of $298,300, an increase of 6.42 per cent over the same month in 2014. Nanaimo’s benchmark price rose 3.51 per cent to $350,200 while the Parksville-Qualicum area saw its benchmark price rise a little over four per cent to $369,800. The price for a benchmark home in Port Alberni was $190,600, down 6.36 per cent since June 2014. 


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