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Real Estate Market Overview for Nanaimo (February 2015)


87 single family homes sold. Avg. price $372,183 (up 5% 12 months to date, this year over last). 2 waterfront homes sold, 9 lots sold & 27 condos sold. Single family unit sales volume is up 5% 12 months to date. Average days on market has decreased by 12% to 48 days. The average condo sells for $250,790. Condo unit sales are up an average of 7% 12 months to date, with apartment-style condos seeing the largest increase in units sold. Condos have seen an 8% increase in days on market. Average days to sell is 80 days. Lot sales volume is up 64%, 12 months to date. Lot prices have increased by 7%, 12 months to date. Average lot sale price is $166,273. Most active region: North Nanaimo; Highest average price: Uplands.

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