Prices of single-family homes, apartments, and townhouses continue to rise in the VIREB area despite cooling sales in certain markets. Last month, 437 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 438 in June and 556 one year ago, a decrease of 21 per cent.
Tag: market report
May 2018 Market Report
The benchmark price of a single-family home in the Vancouver Island Board area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. With Nanaimo above the $525,000 mark. Single-family homes are down 17 per cent from last year but posted a month-over-month increase of nine per cent. Last month, 520 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 476 in April and 630 one year ago.
April 2018 Market Update
The British Columbia Real Estate Association (BCREA) reports that housing sales in most B.C. jurisdictions are down compared to last year.
September 2017 Market Report
Though Vancouver Island home sales dipped slightly in August, the demand from buyers is still making for a positive market.
July 2016 Market Report
Home Sales Cooled Slightly in July, while Inventory Remains Low…
June 2016 Market Report
Home sales cooled slightly in June, but were still significantly higher than reported one year ago. In June 2016, 713 single-family homes sold on the MLS® System compared to 636 last June, an increase of 12 per cent. Month over month, sales decreased by seven per cent from the 767 sales processed in May 2016.
Market Update May 2016
Nanaimo housing market is firmly in seller’s territory, with buyer demand continuing to outpace supply in most areas…
Market Update Nov 2015
Sales of single-family homes declined in October, reflecting typically slower fall market conditions. However, due to a robust spring and summer housing market, the board is on target to end out the year as one of the stronger years for sales within the last 5 years.
