British Columbia Canada
Quiet Market Closes Out The Summer The August 2023 Nanaimo Real Estate Market Stats show that last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven percent increase from one year ago (304) and down by 21 percent from July 2023 (414). Sales of condo […]
Busier June than expected despite rate hike! The June 2023 Real Estate Market Stats are here, and they show that last month, there were 424 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a five percent increase from one year ago (403) and up by 13 percent from May 2023 […]
Return to a more traditional spring market is welcome! The May 2023 Real Estate Market Stats are here, and they show that last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight percent increase from one year ago (450) and a 25 percent increase from […]
Housing Market Brisker Than Expected in March Last month, there were 381 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 26 percent decrease from one year ago (515) and a 73 percent increase from February 2023 (220). Sales of condo apartments in March 2023 came in at 66, declining […]
Calmer market conditions as summer draw to a close The August 2022 Nanaimo Real Estate Market Stats show up that inventory was up, and sales were down in August. This is reminiscent of a typical summer market in pre-COVID times. Last month, active listings of single-family detached properties (not acreage or waterfront) jumped to 1,368, […]
July brings more options for buyers Due to a significant increase in inventory, July brought more options for buyers in the Vancouver Island Real Estate Board (VIREB) area. Last month, active listings of single family homes (not acreage or waterfront) climbed by 142% from July 2021 and 15% from June 2022, reaching 1,387. VIREB’s inventory […]