Monday, May 05, 2008

Nanaimo House Prices Continue to Rise

Nanaimo House Prices Up 15% Over Last Year

In the most recent sales report released by the Vancouver Island Real Estate Board prices for a house in Nanaimo rose 15% over the same time last year.

The average increase for the rest of Vancouver Island was 12% for the same period. The average price of all property sold in Nanaimo in April was slightly over $373,000.00.

There is a shortage of houses in the $400,000 price range right now, which also is a factor in selling prices.

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