Inventory Challenges Continue to Moderate Sales Activity in Nanaimo – In January 2017. The benchmark price of a single-family home in Nanaimo increased 21% to $434,100. 245 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 258 last January, a decrease of 5%. Sales were virtually unchanged from December, which saw 243 […]
Demand is up. Prices are up. Real estate inventory supply is short. Nanaimo has become a transportation hub for Vancouver Island, with a new cruise ship dock, airport having had 5 years of record passenger growth, a growing technology sector and a plan to have a passenger ferry service that will take you from […]
Single-family homes for sale in Nanaimo area dropped yet again in November 2016 to reach a new historic low of 1,034, a 37 per cent decrease from one year ago and dipping below October’s 1,158 available listings. Sales of single-family homes in November decreased by 13 per cent from October 2016, but remained flat year […]
Home sales in Nanaimo area cooled somewhat last month but posted a 19 per cent increase over July 2015. In July 2016, 608 sold compared to 512 last July. Last month’s active listings for single-family homes totaled 1,577, down 34 per cent from the 2,391 reported in July 2015 and beating June’s figure of 1,621. […]
As we have heard effective August 2 foreigners who buy residential property in the Vancouver area will have to pay an extra 15-per-cent tax. The B.C. government plans to slow the foreign speculation that many blame for making the region’s homes the most unaffordable in Canada. Using some initial data from 19 days in June, […]
We’ve all heard the horror stories – people paying way too much for their home, not getting an inspection done, and then finding a tons of (expensive) problems with the place. Here are 5 ways to make smart real estate purchase and avoid being one of those stories. Smart real estate purchases Here are top five […]
You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you: Your REALTOR® is a trained professional REALTORS® take extensive pre-licensing courses in order to obtain credentials for practicing in real estate. Your REALTOR® is continuously trained REALTORS® keep pace with the times by […]