Tuesday, April 12, 2016

Nanaimo House Prices March 2016


Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales


Nanaimo House Prices March 2016

Prices Increase 5% - Sales Jump 26%

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 March 2016 saw 162 homes sold, compared with 126 homes the previous month, and compared with 129 homes sold in 
March 2015. This represents a 26% increase when compared with last year.

The average sale price increased in 
March 2016 to $427,786.00 compared with $408,070.00 in March 2015 an increase of 5%. The median Nanaimo house price for March 2016 was $412,000.00.

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 March 2016, the benchmark price of a single-family home in the VIREB area was $350,400, up seven per cent from one year ago. Benchmark pricing tracks the value of a typical home in the reported area. The benchmark price of townhouses and apartments also increased in nearly every market. The average MLS® price of a singlefamily home in March was $397,375, a 13 per cent increase from March 2015.

The March 2016 benchmark price of a single-family home in the Campbell River area was $281,800, a 2.61 per cent increase over 2015. In the Comox Valley, the benchmark price was $354,100, up 9.39 per cent from 2015. Duncan reported a benchmark price of $310,700, an increase of 8.23 per cent over the same month in 2015. Nanaimo’s benchmark price rose 5.95 per cent to $367,000 while the Parksville-Qualicum area saw its benchmark price rise by 8.66 per cent to $391,400. The price for a benchmark home in Port Alberni was $193,900, an increase of 3.36 per cent over March 2015.


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