Monday, February 08, 2016

Nanaimo House Prices - January 2016

Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales

Nanaimo House Prices January 2016

Prices Increase 5% - Sales Flat 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 January 2016 saw 63 homes sold, compared with 73 homes the previous month, and compared with 63 homes sold in January
 2015. This represents a 0% increase when compared with last year.

The average sale price increased in January
 2016 to $386,056.00 compared with $366,694.00 in January 2015 an increase of 5%. The median Nanaimo house price for January 2016 was $350,000.00.

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.

In January 2016, the benchmark price of a single-family home in the VIREB area was $340,200, up 5.94 per cent from one year ago. Benchmark pricing tracks the value of a typical home in the reported area. The average MLS® price of a singlefamily home in January was $365,850, a seven per cent increase from January 2015 and up slightly over last month.

The January 2016 benchmark price of a single-family home in the Campbell River area was $268,300, down 1.22 per cent from last year. In the Comox Valley, the benchmark price was $332,100, up 3.77 per cent from 2015. Duncan reported a benchmark price of $304,700, an increase of 7.22 per cent over the same month in 2015. Nanaimo’s benchmark price rose 6.17 per cent to $358,200 while the Parksville-Qualicum area saw its benchmark price rise by 10.03 per cent to $388,000. The price for a benchmark home in Port Alberni was $186,800, an increase of 10.64 per cent since January 2015.


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