Nanaimo

British Columbia Canada

1-250-751-1223

info@remaxofnanaimo.com

January 2024 Real Estate Market Statistics

January 2024 Real Estate Market Statistics

Normal January kicks off 2024 with an Optimistic Outlook The January 2024 Real Estate Market Stats show us that last month, 152 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, down six percent from one year ago and up slightly from December 2023. Sales of condo apartments in January came in […]

December 2023 Real Estate Market Statistics

December 2023 Real Estate Market Statistics

Lacklustre December Closes Out 2023 The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High-interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut. Last […]

November 2023 Real Estate Market Stats

November 2023 Real Estate Market Stats

The housing market is winding down and the year ends on a slow note The November 2023 Real Estate Market Stats show that there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two percent from last November and three percent from October. Sales of condo apartments in […]

October 2023 Real Estate Market Stats

October 2023 Real Estate Market Stats

Interest Rates Taking a Toll on Housing Market The October 2023 Real Estate Market Stats show that last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area. This is the same number as last October and down by eight percent from September 2023 (266). Sales of condo […]

September 2023 Real Estate Market Stats

September 2023 Real Estate Market Stats

Quiet September Market Favours Buyers The September 2023 Real Estate market stats show that last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 percent increase from one year ago (239) and down by 18 percent from August 2023 (324). Sales of condo apartments in […]

August 2023 Real Estate Market Stats

August 2023 Real Estate Market Stats

Quiet Market Closes Out The Summer The August 2023 Nanaimo Real Estate Market Stats show that last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven percent increase from one year ago (304) and down by 21 percent from July 2023 (414). Sales of condo […]

July 2023 Real Estate Market Stats

July 2023 Real Estate Market Stats

Steady Sales make for a busier-than-usual July The July 2023 Real Estate Market Stats show that last month, there were 414 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 41 percent increase from one year ago (294) and down by two percent from June 2023 (424). Sales of condo […]

May 2023 Real Estate Market Stats

May 2023 Real Estate Market Stats

Return to a more traditional spring market is welcome! The May 2023 Real Estate Market Stats are here, and they show that last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight percent increase from one year ago (450) and a 25 percent increase from […]

April 2023 Real Estate Market Stats

April 2023 Real Estate Market Stats

Last month, there were 391 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 22 percent decrease from one year ago (500) and a three percent increase from March 2023 (381). Sales of condo apartments in April came in at 77, declining by 31 percent year over year and increasing […]