Real Estate Market Report RSS Feed

Up-to-date real estate statistics and monthly sales figures for houses, condos and land on Mid-Vancouver Island. 

Found 9 blog entries about Real Estate Market Report.

New construction houses overlooking the Winchelsea Islands.

$100,000 Increase in House Sale Price in Nanaimo in 28 days. 

The data for February 2021 is for house sale prices in Nanaimo, and if you bought a home one month ago, your home could be worth $100,000 more. In this untenable market, the shock to homebuyers makes the outlook grim, with fewer homes coming on the market than the previous year. Below you find the real estate stats for Nanaimo and surrounding communities based on monthly stats compared to last year.

Green House Icon

150 Listings

↓ 57% Fewer Active Listings

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11 DOM

↓ 4 fewer Days on Market

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155 SOLD

↑ 159% Increase in Sales


Nanaimo Average Single Detached Home Price, February 2021

  • $1M $800K $600K $400K $200K $0
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Rocky shorelines of Pipers Lagoon on a stormy day.

Multiple bids common in February of 2021

Nanaimo house sales in January of 2021 have been red hot and extremely competitive, commonly with over 10 offers being received in all-out bidding wars. This competition has made homebuyers feel like they are missing out on one of the largest housing booms ever recorded on Vancouver Island.

Green House Icon

151 Listings

↓ 57% Fewer Active Listings

blue calendar icon

11 DOM

↓ 4 fewer Days on Market

Red house icon

151 SOLD

↑ 64% Increase in Sales


Nanaimo Average Single Detached Home Price, January 2021

  • $1M $800K $600K $400K $200K $0
  • $470K Jan. 2017
  • $540K Jan. 2018
  • $556K Jan. 2019
  • $544K Jan. 2020
  • $680K Jan.…
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Nanaimo Waterfront Harbour at Sunset During Winter.

The December 2020 Real Estate Statistics for Nanaimo Single-Detached Houses.

 

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144 Listings

↓ 93% in Active Listings

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16 DOM

↓ 15 fewer Days on Market

Red house icon

87 SOLD

↑ 61% Sales


Nanaimo Average Single Detached Home Price, December 2020

  • $1M $800K $600K $400K $200K $0
  • $458K Dec. 2016
  • $487K Dec. 2017
  • $521K Dec. 2018
  • $567K Dec. 2019
  • $646K Dec. 2020
Average home sale price compared to the previous four years of sales data.

Average Price by Property Type:

Property Type Sale/List Price Avg Sale Price
Single-Family 100% $646,000
Condo  100%
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Fall sunset over a pond with bright read maple leafs.

The average house price and the total number of sales in Nanaimo have increased again compared to November of last year, despite fewer homes on the market. Due to the dwindling number of available homes, the average days-on-market (DOM) to sell a house has decreased from 34 days to 24 days. 

Green House Icon

300 Listings

↓ 4% in Active Listings

blue calendar icon

24 DOM

↓ 10 fewer Days on Market

Red house icon

104 SOLD

↑ 6.12% Sales

 

Nanaimo Average Single Detached Home Price, November 2020

  • $1M $800K $600K $400K $200K $0
  • $442K Nov. 2016
  • $525K Nov. 2017
  • $528K Nov. 2018
  • $579K Nov. 2019
  • $649K Nov. 2020
Average home sale price compared to the…
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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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Bag of money

PRICE

$549,900

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BEDROOMS

3 Bedrooms

Bath Icon

BATHROOMS

3 Bathrooms

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SQFT.

1639 Sqft.

5990 Blairmore Place For SaleThis townhome is the perfect space for someone looking to downsize into one of the best North Nanaimo communities available. Blairmore Estates was built in 2002 and is found in a quiet area backing onto park space, but only minutes away from all the amenities you'd need in your day to day life. This private community borders Rutherford Park, offering serein views of nature in an exceptionally well-maintained community build in 2002. 

HOME FLOOR PLAN

Floor plan for 5990 Blairmore Place

The first floor of this townhome has an open concept layout with modern finishings throughout. The kitchen has plenty of counter space with ample storage in beautiful wood…

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January 2019 Real Estate Report

Homes still moving fast to eager buyers! 

Sunset over Mount Benson in Nanaimo

Nanaimo Average Single Detached Home Price, January 2019

  • $700K $600K $500K $400K $300K $200K
  • $366K Jan. 2015
  • $386K Jan. 2016
  • $512K Jan. 2017
  • $522K Jan. 2018
  • $544K Jan. 2019
Average homes sale price compared to the previous four years of sales data.

Average Price by Property Type:

Property Type Sales Avg Sale Price
Single Family 55 $544,902
Single Family Water 3 $694,000
Condo  24 $323,921
Patio Home 6 $405,549
Townhouse 10 $294,170
Lots/Land 4 $270,175

Average…

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October 2018 Real Estate Report

Fewer New Listings makes buyers make hard decisions 

Nanaimo fisherman at Swy-a-lala Lagoon Park

Nanaimo Average Single Detached Home Price, October 2018

  • $700K $600K $500K $400K $300K $200K
  • $378K Oct. 2014
  • $391K Oct. 2015
  • $476K Oct. 2016
  • $526K Oct. 2017
  • $563K Oct. 2018
Average homes sale price compared to the previous four years of sales data.

Average Price by Property Type:

Property Type Sales Avg Sale Price
Single Family 121 $559,149
Single Family Water 3 $659,936
Condo  32 $342,388
Patio Home 7 $532,313
Townhouse 22 $352,182
Lots/Land 2 $241,250
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September 2018 Real Estate Report

Buyers are more modest with offering prices

Nanaimo Harbour at sunrise in fall

Nanaimo Average Home Price

  • $700K $600K $500K $400K $300K $200K
  • $378K Sept. 2014
  • $391K Sept. 2015
  • $476K Sept. 2016
  • $526K Sept. 2017
  • $563K Sept. 2018
Average homes sale price compared to the previous four years of sales data.

Average Price by Property Type:

Property Type Sales Avg Sale Price
Single Family 98 $582,115
Single Family Water 6 $1,663,250
Condo  21 $319,905
Patio Home 3 $449,600
Townhouse 17 $338,112
Lots/Land 1 $301,000

Average Price of Other…

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