Friday, June 18, 2010

Nanaimo House Prices and Canadian House Prices May 2010


Nanaimo Real Estate
Total Nanaimo Home Sales
Increase 1% Over 2009
Prices Up By 14%

Total number of homes sold in Nanaimo for the month of   May. 2010 numbered 125 which is a minor increase over the 124 units sold in   May. 2009.

The average selling prices edged up a total of 14% year to year from $341,462 in 2009 to an average price of $388,497 in 
  May. 2010.

Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in May.

Seasonally adjusted home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined nationally by 9.5 per cent in May from near-record level activity the previous month. While activity declined in more than 70 per cent of local markets, the lower national figure resulted largely from fewer sales in Toronto, Vancouver and Ottawa.


Based on average MLS sales summaries for Nanaimo and other Canadian cities for May 2010.



National Average

 
May10 - $346,881
  May 09 - $319,663

Victoria BC
  May10- $515,126
  May09- $482,119


Vancouver BC
  May 10 - $661,745
  May 09 - $583,674

Calgary
  May 10 - $417,978
  May 09 - $382,632


Regina
  May 10- $252,053
  May 09 - $263,424

Toronto
  May 10 - $446,593
  May 09 - $395,609


Ottawa
  May 10 - $334,360
  May 09 - $312,927

Nanaimo  May 10- $388,497   May 09- $341,462

Units Sold
  May 10 - 125   May 09 - 124

Remember that these prices provide a broad market trend only and do not necessarily reflect the true market value of real estate. For a proper evaluation of your property you need to consult one of the many professional realtors in Nanaimo.


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