Wednesday, March 21, 2012

Nanaimo and Canadian Home Prices Feb. 2012

Total Nanaimo Homes Sold
Increase 0% Over 2011
Prices Decrease 4%

The average sale price decreased in February 2012 by 4% to $349,688.00. compared with  $363,400.00 in February 2011.  For the month of February 2012 total number of sold homes in Nanaimo remained the same with 96 units in February 2011 to 96 units for the month representing a decrease of 13%.

The prices on Vancouver Island seem to have not been subject to the same swings as other areas of the country. Nanaimo average house prices are still below their peak of $379,291 reached in Nov. 2008.

For more information about Nanaimo House Prices and comparisons use this Nanaimo Info LINK.

Following sales figures are based on average MLS sales summaries for Nanaimo and other Canadian cities for February 2012.

National Average
February12 - $372,763
February11 - $365,444

Victoria BC
February12- $464,570
February11 - $490,970

Vancouver BC
February12 - $806,094
February11 -  $791,604

February12 - $405,687
February11 - $400,879
February12 - $285,374
February11 - $272,609

February12 - $502,508
February11 - $454,470

February12 - $349,797
February11 - $337,797

Nanaimo Prices February12 $349,688.00 February11 - $363,400.00(-4%)
Units Sold
February12 - 96  February11 - 96 (+0%)

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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