Nanaimo Real Estate Market Update – February 2018

Nanaimo Real Estate Market Update Feb 2018

The Nanaimo Real Estate market continues to show high demand and limited supply. The inventory for single family homes is lower compared to one year ago while inventory for condos and apartments have increased slightly but all properties sell fast in this market.

For February, the average days on market for a single family home is 30 while condos and townhouses are 23 and 37 respectively. Last month we saw a steady increase in the price of a Single Family home and little change in the price of a condo and townhouse.

Let’s take a closer look at Nanaimo’s real estate market numbers for February ….

 

Nanaimo Single Family Home Market Price

The benchmark price for a single family home in Nanaimo for February came in at $524,400. This rose from one month ago at $514,400 – that’s a 1.95% increase.  The increase from February last year is 17.70%.  If interested, sign up for Nanaimo Single Family Home Market Updates

 

Nanaimo Condo Market Price

The benchmark price for a condo in Nanaimo for February came in at $303,200 which rose only slightly since last month (.6% increase). Compared to one year ago, the growth of a condo in Nanaimo has been 25.15%. Sign up for Nanaimo Condo Market Updates.

 

Nanaimo Townhouse Market Price

February’s benchmark price for a townhouse in Nanaimo is $330,000 which went down slightly since last month (0.58% decrease) and, since one year ago, the price of a townhome has shot up 21.11%.

 

Nanaimo Area Sales

Here is a closer look at the average sale price of a home in the different areas in Nanaimo as well as the sale volume.

Nanaimo Real Estate by Area

 

 

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