Real Estate Market Overview For Nanaimo (May 2015)
150 single family homes sold. Avg. price $381,768 (up 6% 12 months to date, this year over last). 4 waterfront homes sold, 12 lots sold & 66 condos sold. Single family unit sales volume is up 13% 12 months to date. Average days on market has decreased by 10% to 46 days. The average condo sells for $254,793. Condo unit sales are up an average of 13% 12 months to date, with apartment-style condos seeing the largest increase in units sold. Condos have seen a 10% decrease in days on market. Average days to sell is 72 days. Lot sales volume is up 49%, 12 months to date. Lot prices have increased by 4%, 12 months to date. Average lot sale price is $166,772. Most active region: North Nanaimo; Highest average price: North Jinglepot.