Wednesday, March 10, 2010

Nanaimo House Prices February 2010

Nanaimo Real Estate
Total Nanaimo Home Sales

Increase 31% Over '09

Prices Up By 14%

Total number of homes sold in Nanaimo for the month of Feb. 2010 numbered 81 which is a 31% increase over the 62 units sold in Feb. 2009.

The average selling prices edged up a total of 14% year to year from $326,301 in 2009 to an average price of $370,747 in Feb. 2010.

The prices on Vancouver Island seem to have not been subject to the same swings as other areas of the country. However, Nanaimo prices still have a way to go to reach their peak of $379,291 from Nov. 2008.

Remember this data is based on averages and does not necessarily reflect the true value of your Nanaimo real estate. For an accurate appraisal of the actual market value of your Nanaimo real estate contact one of the many professional realtors serving the Nanaimo real estate market.


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