Saturday, September 03, 2011

Nanaimo House Prices August 2011

  Nanaimo Real Estate Home Sales
Nanaimo House Prices
Prices Up 5%  -  Sales Up 21% 

The following information is taken from the MLS sales data from the Vancouver Island Real Estate Board. The information is based on single-family residential unit sales.

For the month of August 2011 total number of sold homes in Nanaimo increase from 91 units in August 2010 to 110 units for the month of August 2011 representing a increase of 21%. They were also off from the June total of 100.

The average sale price increased in August 2011 by 5% to $365,537.00 compared with $348,930.00 in August 2010.

VIREB President Jim Stewart says; “We continue to see stability in the real estate market, with mortgage rates remaining low. Vancouver Island continues to be a great place to invest.”

VIREB cautions that average price information can be useful in establishing trends over time, but does not indicate the actual prices in centers comprised of widely divergent neighbourhoods or account for price differential between geographic areas.


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