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Real Estate Market Overview for Nanaimo (December 2014)


83 single family homes sold. Avg. price $368,454 (up 4% 12 months to date, this year over last). 4 waterfront homes sold, 11 lots sold & 28 condos sold. Single family unit sales volume is up 7% 12 months to date. Average days on market has decreased by 15% to 48 days. The average condo sells for $253,256. Condo unit sales are up an average of 3% 12 months to date, with apartment-style condos seeing the largest increase in units sold. Condos have seen a 15% increase in days on market. Average days to sell is 81 days. Lot sales volume is up 136% 12 months to date. Lot prices have increased by 7% 12 months to date. Average lot sale price is $165,020. Most active region: North Nanaimo; Highest average price: Cedar.

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