Wednesday, September 02, 2015

Nanaimo House and Real Estate Prices - August 2015

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices August 2015

Prices Increase 6% - Sales Increase 24%

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 2015 saw 128 homes sold, compared with 148 homes the previous month, and compared with 103 homes sold in 
August 2014. This represents a 24% increase when compared with last year.

The average sale price increased in 
August 2015 to $389,021.00 compared with $368,679.00 in August 2014 an increase of 6%. The median Nanaimo house price for August 2015 was $367,000.00.

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 August 2015 benchmark price of a single-family home in the Campbell River area was $275,400, an increase of 3.21 per cent from last year. In the Comox Valley, the benchmark price was $339,200, up 4.22 per cent from 2014.

Duncan reported a benchmark price of $299,800, an increase of 8.32 per cent over the same month in 2014. Nanaimo’s benchmark price rose 7.77 per cent to $356,900 while the Parksville-Qualicum area saw its benchmark price rise by 4.87 per cent to $375,500, unchanged from last month. The price for a benchmark home in Port cAlberni was $192,200, a decrease of 1.49 per cent since August 2014.


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