Thursday, August 20, 2009

Nanaimo, Vancouver Island & Canadian House Prices July 2009


Nanaimo House Prices
+7.5% Over Jun. 09

Based on average MLS sales summaries for Nanaimo and other Canadian cities for July 2009.

National Average
July 09 - $326,832
July 08 - $303,642

Victoria BC
July 09 - $475,490
July 08 - $487,864

Vancouver BC
July 09 - $584,105
July 08 - $575,256

Calgary
July 09 - $381,740
July 08 - $402,788

Regina
July 09- $240,235
July 08 - $246,463

Toronto
July 09 - $395,414
July 08 - $371,410

Ottawa
July 09 - $300,635
July 08 - $295,134

Nanaimo
July 09- $363,528
July 08- $363,182
Units Sold
July 09 - 164
July 08 - 120

Remember these are 'average' house sales prices and do not necessarily reflect what the actual market value is of your property. For an accurate evaluation of your property you need to contact a real estate agent who is knowledgeable or a professional appraiser.

Averages are however helpful in identifying trends and clearly, real estate is not selling for what is was a year ago, which was over valued most likely. It is good news for first time home buyers, lower prices combined with record low mortgage rates in some cases make buying more attractive than continuing to rent.

For July 2009 Nanaimo House Prices use this Nanaimo Info LINK.


allvoices

No comments:

Post a Comment

Your comment will appear after moderation before publishing,

Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.

Thank you for participating and making your opinions known.