How low can housing inventory go? The November 2021 Real Estate Market Stats show that active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop. The demand is far outpacing supply, and inventory has hit consecutive historical lows for several months running. The active listings of single-family homes were 44% lower […]
The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “different month, same issues.” The October 2021 real estate market stats show that, by category, 398 single-family homes sold in October. This is a 23% decrease from one year ago. There were 122 condo apartment […]
The housing market in the Vancouver Island Real Estate Board (VIREB) area finished summer the way it began, with historically low inventory and rising prices. The September 2021 real estate market stats for Nanaimo show us that active listings of single-family homes were 47 percent lower last month than in September 2020, while VIREB’s inventory […]
The 2021 home sales in BC are now officially record-high! The British Columbia Real Estate Association (BCREA) reported that 2021 homes sales set a new annual record for BC. A total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021. This is a decrease of 3.4 percent from […]
For the August 2021 real estate market stats, we continue to see how increasing housing supply is the key to affordability. Historically low inventory in the Vancouver Island Real Estate Board (VIREB) area continues to plague potential buyers and hamper sales. Active listings of single-family homes and row/ townhouses are 50 per cent lower than […]
The best way we thought to celebrate Myriam getting her Real Estate Licence is to have a Burnt Honey Ice Cream contest. You have a chance to win one of three $20 Gift cards to Burnt Honey Dessert Company! The reasons we chose Burnt Honey: who doesn’t love ice cream? they serve homemade, high quality […]
Historically low inventory is likely the reasoning for our slightly cooling market. Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of: 450 single-family detached properties compared to 531 in June, a decrease of 15 per cent Condo apartment category, sales dropped by seven per cent from June 2021 Row/townhouse sales rose by […]
Nanaimo Market Stats for May 2019 We are now into the spring market with strong activity in both listings (240 listings in May compared to 267 last year) and sales (136 sales in May compared to 139 last year). Average single-family homes prices are at $593,326 with condos over $291,610. We have seen an overall […]
Nanaimo Market Stats for April 2019 We are still seeing a more balanced market with value for both buyers and sellers. The average sale price has slightly increased by 6% compared to this time last year with an average of $586,595. The amount of homes listed has decreased by -19% with a decrease of […]
Nanaimo Market Stats for March 2019 We are still seeing a more balanced market with value for both buyers and sellers. The average sale price has only slightly changed compared to this time last year with an average of $546,656. The amount of homes listed has increased 3% with a decrease of -4% in […]