Nanaimo Real Estate Market Update – March 2018

The Nanaimo Real Estate market continues to show high demand and limited supply. The inventory for single family homes is 34% lower compared to one year age.

For March, Single Family homes are still moving fast taking 20 days to sell, Condos are taking 16 days to sell and townhouses 11 days.

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

 

Nanaimo Single Family Home Market Price

The average sell price for a single family home in Nanaimo for March came in at $551,392. This remained somewhat steady from one month ago and an increase of 9.69% from one year ago. If interested, sign up for Nanaimo Single Family Home Market Updates

 

Nanaimo Condo Market Price

The benchmark price for a condo in Nanaimo for March came in at $323,342 which declined 1.9%  . Compared to one year ago, the growth of a condo in Nanaimo has been 7.87%. Sign up for Nanaimo Condo Market Updates.

 

Nanaimo Townhouse Market Price

February’s benchmark price for a townhouse in Nanaimo is $354,733 which went rose significantly higher since last month at 10.35% and, since one year ago, the price of a townhome has shot up 26.73%.

 

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.

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