Are buyers looking for just bedrooms and bathrooms? No, buying is about the psychology of how something makes you feel. After 30 years of selling homes, we understand the importance of these little things and how to effectively create a connection between a buyer and a prospective home. The science of smell shows that scent, emotion and memory are all intertwined, making how your home smells very important!
Nanaimo and Vancouver Island News and updates
Blog
August 2022 Nanaimo Real Estate Market Snapshot
The average sale price for August increased from the month of July. Part of this increase is due to less properties being listed for sale. July saw 223 new property listings whereas August saw 155. This makes it seem that July was an anomaly month where home prices were affected more by overwhelming inventory at the same time that demand started to decrease.
Outdoor Space Improvements
Vancouver Island is a very unique and outdoorsy place to live with the mildest weather in Canada, which is perfect for creating your own Westcoast outdoor environment outside on your deck or patio. The beauty of outdoor space is that it extends your living space, and studies show spending time outdoors can reduce blood pressure, muscle tension and heart rate. Finding ways to rock your outdoor space is the perfect opportunity to spend more time outside and create your own outdoor oasis!
July 2022 Market Stats
VIREB’s market statistics for July 2022 in the Nanaimo real estate market shows inventory has increased over 60% from July of 2021, while demand has decreased by over 40%.
Cost Effective Ways to Keep Your Home Cool
Gillette & Associates tips for keeping your home cool during the summer months.
June 2022 Nanaimo Real Estate Market Snapshot
VIREB’s June statistics have been released! June was the first month in a year and a half that the sale to list price ratio has dipped below 100%
5 Places to Visit on Vancouver Island
With the summer season right around the corner, we’re fortunate to have Vancouver Island’s beautiful surroundings easily accessible. We’re quite an active and outdoorsy group at Dg & Associates, and we take pride in being centrally located in Nanaimo on east Vancouver Island where all the Island’s vibrant surroundings are conveniently reachable within minutes or a couple of hours. We’ve curated a short list of a few awesome places to explore this summer!
May 2022 Market Snapshot
For the second consecutive month the average home price in Nanaimo has decreased.
April 2022 Market Report
April is the first month of 2022 that we have seen a decrease in the monthly average sale price of single family detached homes in the Nanaimo real estate market.
Spring Home Preparation
Gillette & Associates guide to preparing your home for spring
March 2022 Real Estate Market Statistics
Gillette & Associates review of VIREB’s March market statistics
Bank of Canada Increases Overnight Rate
Today the Bank of Canada raised the overnight rate by .25%, bringing the rate to .5%. While this is still low compared to rates in Canada in previous years, there is an expectation of a market shift. The last time that rates increased from .25% to .5% was June of 2010. At that time, the rate dropped to .25% in June of 2019 and stayed there for a year. In today’s market, we have been in a holding pattern with a rate of .25% since April of 2020, meaning that we have had almost 2 full years at the lowest interest rate.
