British Columbia Canada
Lowest Inventory on Record Continues in Nanaimo The Vancouver Island Real Estate Board (VIREB) reports that sales of single-family homes in January increased by 66 per cent board-wide from one year ago but were five per cent lower than in December. Last month: 286 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System […]
Lowest Inventory on Record Closes Out the Year The Vancouver Island Real Estate Board (VIREB) reports that sales of single-family homes in December increased by 34 per cent from one year ago and were 28 per cent lower than in November. Last month, 302 single-family detached properties (excluding acreage and waterfront) sold on the MLS® […]
Strong buyer demand is hampered by low inventory. Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33 per cent increase. Sales dipped by 19 per cent from October. In the condo apartment category, sales rose by 65 per cent year over […]
High demand for real estate continues despite pandemic. The Vancouver Island Real Estate Board (VIREB) recorded 1,066 unit sales in all categories last month compared to 721 in October 2019. Breaking those numbers down, 524 single-family detached properties (excluding acreage and waterfront) sold in October compared to 342 the previous year, a 53 per cent […]
Did you know that average house prices in Nanaimo saw the biggest increase in all of Canada for the start of the 3rd quarter in 2020 (14%). Clearly there is a demand for living in one of the best geographical places in Canada! The Nanaimo housing market saw an uptick in sales activity in late […]
ROBUST HOUSING MARKET BEING FUELLED BY MANY FACTORS The Vancouver Island Real Estate Board (VIREB) recorded 1,287 unit sales (all categories) last month compared to 692 in September 2019, a healthy showing amid the economic downturn caused by a global pandemic. Breaking those numbers down: 643 single-family detached properties (excluding acreage and waterfront) sold in […]
The House Market Rebounds in June The COVID-19 effect on VIREB’s housing market seemingly wore off in June, with sales rebounding significantly from May and posting year-over-year increases in most markets according to the June 2020 Nanaimo Real Estate Market Stats. 479 Single family homes sold on the Multiple Listing Service® (MLS®) System compared to […]
Higher May 2020 Nanaimo Real Estate Market Sales May Indicate a Recovering Market While COVID-19 had a significant impact on the Vancouver Island Real Estate Board’s (VIREB) housing market in April, the board’s May numbers indicate that the market may already be recovering. Last month, 246 single-family homes sold on the Multiple Listing Service® (MLS®) […]
April 2020 Nanaimo Real Estate Reflects The Impact of COVID-19 VIREB REALTORS® are adapting to the “new normal” by embracing technology solutions, such as virtual open houses, to continue assisting their clients. “Being declared an essential service recognizes that many British Columbians are currently involved in real estate transactions that began before the pandemic was […]
March 2020 Nanaimo Real Estate Market Stats The March 2020 Nanaimo Real Estate Market Stats, summarize what’s happening in the real estate market in your area. The Nanaimo real estate market stats that analyze the Vancouver Island real estate market north of the Malahat. These Nanaimo real estate market stats can be useful in establishing […]