Saturday, November 07, 2015

Nanaimo House & Real Estate Prices Oct. 2015

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices October 2015

Prices Increase 1% - Sales Increase/Decrease 0%

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 October 2015 saw 117 homes sold, compared with 109 homes the previous month, and compared with 117 homes sold in 
October 2014. This represents a 0% increase/decrease when compared with last year.

The average sale price increased in 
October 2015 to $385,099.00 compared with $380,054.00 in October 2014 an increase of 1%. The median Nanaimo house price for October 2015 was $364,000.00.

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 October 2015 benchmark price of a single-family home in the Campbell River area was $273,600, an increase of 1.76 per cent from last year. In the Comox Valley, the benchmark price was $339,800, up 7.72 per cent from 2014. Duncan reported a benchmark price of $302,300, an increase of 6.40 per cent over the same month in 2014. Nanaimo’s benchmark price rose 5.18 per cent to $358,700 while the Parksville-Qualicum area saw its benchmark price rise by 3.98 per cent to $372,500. The price for a benchmark home in Port Alberni was $191,400, an increase of 2.95 per cent since October 2014.


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