Category Archives: Nanaimo Real Estate

NANAIMO MARKET STATS JUNE 2018-1

The Nanaimo Monthly Real Estate Market Stats provide a snapshot into what’s happening in the Nanaimo Real Estate Market. Find out where the market has slowed down and where it’s keeping pace. 

– Total units sold and how many homes sold in your neighborhood?
– Number of days to sell 
– Average sale price

Find your next home: http://bit.ly/2npLunS
Find a REALTOR®: http://bit.ly/2H6IRi0

☎ (250) 751-1223 
📧 [email protected]

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

The Nanaimo Monthly Real Estate Market Stats provide a snapshot into what’s happening in the Nanaimo Real Estate Market. Find out where the market has slowed down and where it’s keeping pace. 

– Total units sold and how many homes sold in your neighborhood?
– Number of days to sell 
– Average sale price

Find your next home: http://bit.ly/2npLunS
Find a REALTOR®: http://bit.ly/2H6IRi0

☎ (250) 751-1223 
📧 [email protected]

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

Find out what your home may be worth in today’s market.

If you require specific information on property values please contact one of our REALTORS® or call (250) 751-1223.

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

Find out what your home may be worth in today’s market.

If you require specific information on property values please contact one of our REALTORS®or call (250) 751-1223.

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

NANAIMO MARKET STATS FEB 2018Find out what your home may be worth in today’s market.

If you require specific information on property values please contact one of our REALTORS®or call (250) 751-1223.

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

Nanaimo Market Stats January 2018

The Nanaimo Monthly Real Estate Market Stats provide a snapshot into what’s happening in the Nanaimo Real Estate Market. Find out where the market has slowed down and where it’s keeping pace. 

– Total units sold and how many homes sold in your neighborhood?
– Number of days to sell 
– Average sale price

Find your next home: http://bit.ly/2npLunS
Find a REALTOR®: http://bit.ly/2H6IRi0

☎️ (250) 751-1223 
📧 [email protected]

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

The Nanaimo Monthly Real Estate Market Stats provide a snapshot into what’s happening in the Nanaimo Real Estate Market. Find out where the market has slowed down and where it’s keeping pace. 

– Total units sold and how many homes sold in your neighborhood?
– Number of days to sell 
– Average sale price

Find your next home: http://bit.ly/2npLunS
Find a REALTOR®: http://bit.ly/2H6IRi0

☎️ (250) 751-1223 
📧 [email protected]

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

Nanaimo’s Real Estate Market Update summarized what’s happening the the real estate market in your area. Find out what your home may be worth in today’s market.Nanaimo Real Estate Market Update July 2017

For more information about the Nanaimo Real Estate Market or to connect with an experienced Real Estate Agent, call us at 250-751-1223

Stats source: VIREB

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

It’s probably not news to anyone, but the average single family home price in Nanaimo and area continues to rise.  To put it in perspective, April of 2015 showed a median single family home price at $370,000 and April of 2017 is showing a median single family home price at $480,000.00. Read more in the Nanaimo real estate market update.

Nanaimo Real Estate Market Update

Buyers

The good news for Buyers is that the inventory levels in the Single Family Home category have started to creep up.  A few months ago, the inventory was dangerously low at under 200 single family home listings in the Zone 4 (Nanaimo) area, but April of 2017 stats suggest 277 active single family home listings.  The number of single family homes listed on a 12 month average is also up about 3%.  This means that there are a few more homes to look at.  The other good news is that mortgage rates continue to stand at historic lows, making the money you need to borrow for a home purchase still very affordable.

Seller

The good news for sellers…see paragraph one!  But wait there’s more good news for sellers; sell to list price ratio (the amount you list for vs the amount you get) is at 100%.  Now this doesn’t mean that EVERY seller gets 100% of their asking price, but it does reflect that when comparing those who get less, to those who get more, it averages out at 100%.  The other good news (depending on your perspective) is the days to sell.

  • Back in April 2012, it was taking an average of 54 days to sell one of the 614 active listings.
  • Fast forward to April of 2017, and it is taking an average of 17days.

What a difference 5 years makes!

Even reading the above, it’s important to realize that these statistics are generated from the MLS systems provided by the Vancouver Island Real Estate BoardProfessional REALTORS® providing their expertise and results for their clients.  Pricing your home wrong can cost you money, whether it’s too high and the home isn’t selling, or too low and you don’t get everything you should.  Likewise, as a buyer, if you’re missing opportunities because you’re working on your own without the help of a REALTOR® connected to the market, every month the house you want is going to cost you a little more!


Call RE/MAX of Nanaimo at (250) 751-1223 and discuss your needs with one of our professional REALTORS®.

Apr 2017, Market Update, RE/MAX of Nanaimo

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.

Canada's Housing Market Outlook For 2017, Nanaimo Real Estate, RE/MAX of Nanaimo

Canada’s Housing Market Outlook For 2017

Housing Market for Greater Vancouver and Toronto

Vancouver and Toronto continue to be characterized by high demand and low housing market supply in 2016, with competition pushing prices higher due to limited inventory.

Greater Vancouver experienced a 13 per cent increase in the average residential sale price to $1,020,300, while the Greater Toronto Area (GTA) saw an increase of 17 per cent, to $725,857. In the short term, these two markets may soften slightly due to the recent changes to mortgage rules and the new 15 percent foreign-buyer tax in Vancouver. In 2017, RE/MAX estimates prices in Vancouver will increase by about two percent, while the GTA may see an eight per cent upswing.

Other regional markets located in close proximity to Canada’s highest price cities continue to benefit from interest from both move-up buyers, and from buyers moving out of the high price cities (move-over buyers). Several areas experienced double digit increases in year-over-year average prices including:

  • Barrie – 16%
  • Hamilton-Burlington – 20%
  • Fraser Valley – 20%
  • Kelowna – 14%

The new 15 per cent foreign-buyer tax in Vancouver has softened the market somewhat and as price appreciation declines in Vancouver, some potential sellers are now staying in the Lower Mainland. Both the GTA and Montreal are experiencing the ripple effect of the foreign-buyer tax as foreign investors are now looking in these areas, rather than Vancouver.

Housing Market Prairies and Maritimes

Calgary and Edmonton both saw moderate declines in the number of sales and the average residential sale price. This is due to the prolonged recovery of the oil sector in the past couple of years. Average residential sales prices dropped by two per cent in 2016, year-over-year, in Edmonton, while Calgary saw a decrease of about four per cent in the average residential sale price. If employment opportunities in the oil sector continue to slowly return to Alberta, buyer activity is expected pick up slightly in the second half of 2017.

Various regions such as Regina, Montreal, Saint John and St. John’s continue to be affected by high inventory, with a good selection of homes for first-time and move-up buyers. Local infrastructure projects and initiatives, like Montreal’s 375th anniversary celebrations, may boost the economies and real estate markets next year.

How important is home ownership to Canadians?

In a recent RE/MAX survey conducted by Leger, 53 per cent of respondents indicated they intend to purchase a home, and 47 per cent intend to do so within the next 5 to 10 years. Nearly a third of Canadians (30 per cent) are planning to purchase a home as an investment strategy, aimed at helping to fund their retirement, and 42 per cent of millennial respondents see purchasing a home as a retirement funding strategy.

A segment of Canadians would also consider unconventional ways of financing their home ownership:

  • 33% would consider buying a home with a family member
  • 15% would rent a room out on a vacation rental site such as Airbnb
  • 22%would rent out a room in their home
  • 9% would consider purchasing a home with a roommate

For more detailed information about what’s happening across the country, go to RE/MAX.ca.


If you’re interested in moving to, or moving within the Nanaimo area, call RE/MAX of Nanaimo today at (250) 751-1223 and one of our well-qualified agents will be happy to assist.

From RE/MAX of Nanaimo’s humble beginnings, to the market-dominating business it is today, the company continues to grow and adapt to suit client and agent needs. Some things, however, never change. Our commitment to service, ethics, and continual education means that our clients can benefit from the knowledge and experience of Nanaimo’s top real estate professionals, while our REALTORS® benefit from a working environment that supports their professional and personal growth.