Reviewing the market across Canada helps give me a pulse on our local market as many buyers I work with come from out of Nanaimo. In this report, I have included a few more national statistics with home sales in the Canadian MLS® Systems staying somewhat steady in October which followed a string of monthly increases that began in March.
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September 2019 Market Update
Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively.
Mid-August 2019 Market Update
Residential sales in every B.C. region forecast to recover in 2020. Total home transactions across province expected to rise 11 per cent versus 2019, with average sale prices also predicted to increase in every area.
September 2019 Fairwinds
Our team at dg & associates is so excited to be a part of The Westerly at Fairwinds! We had the pleasure of hosting the inaugural event along with the Fairwinds Community and Seacliff Properties to celebrate the time-honoured structural completion of The Westerly. A great turn out and fun was had by all in the beautiful marina side setting to celebrate. Attendees learned about this new masterfully executed residential community, the Fairwinds lifestyle and signed the commemorative plaque that will become a permanent fixture in the finished building.
August 2019 Market Update
Sales of single-family homes in July board-wide rose by three per cent year over year and were 12 per cent higher than in June. Last month, 453 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 406 the previous month and 438 in July 2018 with an increase in townhouse sales by 22 per cent. Some areas remain active and even brisk at specific price points.
REAL 3D VIRTUAL HOME TOURS
We are taking the in-home tour to the next level! You can explore our homes from anywhere in the world with our Real 3D tour that offers realistic details and the experience of our homes without ever setting foot inside our properties.
Slower Than Average Spring Housing Market Continues
Sales of single-family homes in May board-wide dropped by 12 per cent but rose by 11 per cent from April. Last month, 459 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 412 the previous month and 519 in May 2018. Sales of apartments dipped by seven per cent year over year while townhouse sales increased by 19 per cent. The British Columbia Real Estate Association reports that on a seasonally adjusted basis, sales in the VIREB area are close to 2014 levels, and current market conditions are expected to continue into the fall.
Fun things to do with Dad this Father’s Day
This coming Father’s Day weekend is a time to celebrate DAD. We have compiled a list of some fun events happening in and around Nanaimo this Father’s Day. You are sure to make some lasting memories!
Pros and Cons of Artificial Grass
As the weather warms up and we start to venture outdoors, around the neighbourhoods far and wide are the sounds of lawn mowers being dusted off and roaring to life. The unmistakable smell of a freshly cut lawn means spring at last but as time becomes more and more precious the argument of artificial grass versus a live lawn is an interesting debate.
Easter Activities in Nanaimo 2019
Easter Long Weekend is fast approaching and we have compiled a list of some family fun activities happening in and around Nanaimo for you to partake in. Events are indoor and outdoor with activities sure to delight young and old. Peruse our list and check out the links for all the specific details. So read on and start planning!
Local Realtor, DEREK GILLETTE Top Producer
Congratulations to Derek Gillette for the prestigious recognition and being ranked and awarded as one of the top producers in Canada and Internationally within the RE/MAX network of over 123,000 plus Realtors in over 100 countries worldwide, through the RE/MAX International Network!
Guideline B-20 Continues to Dampen Housing Sales
Guideline B-20 Stress test continues to impact housing sales in BC but Vancouver Island is a bit more sheltered. The Vancouver Island Real Estate Board, which stretches from North of the Malahat on Vancouver Island, reported sales of single-family homes in February dropped by 28% year over year but were up 10% from January.
