Real Estate Market Overview for Nanaimo (July 2015)
149 single family homes sold. Avg. price $386,020 (up 7% 12 months to date, this year over last). 3 waterfront homes sold, 6 lots sold & 59 condos sold. Single family unit sales volume is up 17% 12 months to date. Average days on market has decreased by 17% to 43 days. The average condo sells for $257,319. Condo unit sales are up an average of 11% 12 months to date, with apartment-style condos seeing the largest increase in units sold. Condos have seen a 17% decrease in days on market. Average days to sell is 69 days. Lot sales volume is up 28%, 12 months to date. Lot prices have increased by 3%, 12 months to date. Average lot sale price is $166,790. Most active region: North Nanaimo; Highest average price: Hammond Bay.