Thursday, December 06, 2012

Nanaimo House Prices Nov. 2012


  Nanaimo Real Estate Home Sales
Nanaimo House Prices November 2012
Prices Decrease 3% -  Sales Decrease 6%

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.

The month of November 2012 saw 74 homes sold, compared with 82 homes the previous month, and compared with 79 homes sold in November 2011. This represents a 6% decrease when compared with last year.

The average sale price decreased in November 2012 to $348,624.00 compared with $361,210.00 in November 2011 a drop of 3%. The median Nanaimo house price for November 2012 was $331,500.00.

Comparing November 2012 to November 2011, the average sale prices across VIREB's six zones saw: Campbell River decrease six percent to $266,965, the Comox Valley dropped 14 percent to $301,596, Nanaimo’s average sales price dipped three percent to $348,624 from the November 2011 average price of $361,210, Parksville/Qualicum prices were up three percent to $375,639, Port Alberni/West Coast was down five percent to $195,200 while the Cowichan Valley increased four percent to $365,159.

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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