Monday, August 10, 2015

Nanaimo House and Real Estate Prices July 2015


Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales


Nanaimo House Prices July 2015

Prices Increase 2% - Sales Increase 18%

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 July 2015 saw 149 homes sold, compared with 167 homes the previous month, and compared with 126 homes sold in 
July 2014. This represents a 18% increase when compared with last year.

The average sale price increased in 
July 2015 to $384,699.00 compared with $378,096.00 in July 2014 an increase of 2%. The median Nanaimo house price for July 2015 was $377,500.00.

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.


The July 2015 benchmark price of a single-family home in the Campbell River area was $285,500, an increase of 5.22 per cent from last year. In the Comox Valley, the benchmark price was $335,200, up 1.77 per cent from 2014. Duncan reported a benchmark price of $299,400, an increase of 6.84 per cent over the same month in 2014. Nanaimo’s benchmark price rose 5.88 per cent to $354,700 while the Parksville-Qualicum area saw its benchmark price rise by 5.89 per cent to $375,500. The price for a benchmark home in Port Alberni was $194,300, a decrease of 3.25 per cent since July 2014. 

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