November 2020 RSS Feed

Found 2 blog entries for November 2020.

Fall day on Vancouver Island with blue sky.

The results are in for October 2020, and the real estate market on Central Vancouver Island continues to defy gravity. The stock of houses, condos and land is bought at a record pace, with multiple buyers competing for ownership. This competitive market has many buyers stressing out while sellers receive the asking price or more for their homes.

Many factors are driving this trend that has been difficult to predict for most market analysts. Many people predicted that prices would be falling for homes across Canada due to COVID. However, COVID has generated more home buyers looking to move to Vancouver Island and leave the mainland behind.

Nanaimo Average Single Detached Home Price, October 2020

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Picture of 922 Russell Road with NEW LISTING

Bag of money

PRICE

$594,500

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BEDROOMS

3 Bedrooms

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BATHROOMS

2 Bathrooms

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SQFT.

1503 Sqft.

Superb new construction rancher in a brand new development of south Ladysmith built by John Schlitz Construction Ltd. Locally known as a well-respected contractor for over 20 years, this house was built with quality and care.

This home comes complete with a new home warranty and includes appliances, on-demand hot-water, blinds, alarm systems, landscaping and fencing. All you need to do is move in and start enjoying the island life.

Built on a corner lot, this spacious home has a fantastic layout with outdoor space for gardening, entertaining, and RV parking. You'll find a patio in front of the house that receives…

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