Wednesday, December 09, 2015

Nanaimo House Prices - November 2015


Nanaimo House Prices 2014

  Nanaimo Real Estate Home Sales


Nanaimo House Prices November 2015

Prices Increase 6% - Sales Increase 13%

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 2015 saw 108 homes sold, compared with 117 homes the previous month, and compared with 83 homes sold in 
November  2014. This represents a 13% increase when compared with last year.

The average sale price increased in 
November  2015 to $402,616.00 compared with $380,850.00 in November  2014 an increase of 6%. The median Nanaimo house price for November  2015 was $360,000.00.

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 November 2015 benchmark price of a single-family home in the Campbell River area was $270,500, an increase of 2.79 per cent from last year. In the Comox Valley, the benchmark price was $339,200, up just under eight per cent from 2014. Duncan reported a benchmark price of $304,100, an increase of 6.29 per cent over the same month in 2014. Nanaimo’s benchmark price rose 4.27 per cent to $355,600 while the Parksville-Qualicum area saw its benchmark price rise by 5.65 per cent to $377,000. The price for a benchmark home in Port Alberni was $189,600, an increase of 6.13 per cent since November 2014. 

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