Ralph Kirby Realtor®

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Nanaimo Real Estate Market  Snapshot  to April 25 2015

 

For the week  to April 25 there have been  reported 56 sales of homes over $100,000 in Nanaimo and Protection Island. (Down 4 on the week)

There were 71 new listings of houses. (down 2 on the week.)

There are 949 homes listed in Nanaimo above $100,000 (up 19).

 

The most expensive home reported sold in Nanaimo last week was on Shammy’s Place for $1,137,000.  (There were 2 sold this week over $1,000,000.) It appears this was purchased in 1998 for $305,000. That would represent 273% increase in about 17 years or 16% per year (WOW!). Appears the previous purchase of this property was for $160,000 in 1987. That would represent 611% increase in about 28 years or 21% per year (again WOW!).

 

Another large winner was a sale on Kennedy. It appears the purchase was back in 2002 for $122,000 and sold this past week at $315,000 for a gain of 158% over 13 years or 12% per year.

Definitely owning beats renting for return on investment.

 

There were 18 sales where the previous purchase was over 10 years ago.

The average of last week’s sales from the time of purchase was 8 years.

 

25% sold between $109,000 and $280,000

25% sold to $345,000

25% sold to $429,000

25% sold to $1,137,000

There were  12 properties sold for more than $450,000 (n/c).

12 of the sales were either new construction or did not show any previous sale on the system (down 3). 

Of the 44 which had previous sales;  8  had a lower sales price than the previous sale. All the losers had been purchased between 2007 and 2012.

 

If you would like to know the value of your home; call me for a free , no obligation valuation.

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Nanaimo Real Estate Market  Snapshot  to April 18 2015

 

For the week  to April 18 there have been  reported 60 sales of homes over $100,000 in Nanaimo and Protection Island. (UP 2 on the week)

There were 73 new listings of houses. (down 46 on the week.)

There are 930 homes listed in Nanaimo above $100,000 (down 7).

 

The most expensive home reported sold in Nanaimo last week was on Fillinger (again) for $1,020,000.  It appears this was purchased in 2010 for $1,100,000. That would represent 7% decrease in about 5 years or 1% per year. Appears the previous purchase of this property was for $775,000 in 2005. That would represent 32% increase in about 10 years or 3% per year.

 

The largest winner was a sale on MacMillan. It appears the purchase was back in 2004 for $80,000 and sold this past week at $220,000 for a gain of 175% over 11 years or 16% per year.

There was a house on Lambert purchased for $22,000 in 1986 sold for $220,000.

Another house on Harvey was purchased for $32,000 in 1976 and sold for $238,000.

Definitely owning beats renting for return on investment.

 

There were 16 sales where the previous purchase was over 10 years ago.

The average of last week’s sales from the time of purchase was 5 years.

 

25% sold between $110,000 and $238,000

25% sold to $345,000

25% sold to $400,000

25% sold to $1,020,000

There were  12 properties sold for more than $450,000 (down 1).

15 of the sales were either new construction or did not show any previous sale on the system (NC). 

Of the 45 which had previous sales;  14  had a lower sales price than the previous sale. All the losers had been purchased between 2006 and 2014.

 

If you would like to know the value of your home; call me for a free , no obligation valuation.

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Nanaimo Real Estate Market  Snapshot  to April 11 2015

 

Keep in mind this was again a 4 day reporting week due to the holiday.

For the week  to April 11 there have been  reported 58 sales of homes over $100,000 in Nanaimo and Protection Island. (UP 21 on the week (a big increase).)

There were 119 new listings of houses. (Up 30 on the week. Spring is here)

There are 937 homes listed in Nanaimo above $100,000 (up 38).

 

The most expensive home reported sold in Nanaimo last week was on Fillinger for $870,000.  It appears this was purchased in 2004 for $455,000. That would represent 91% increase in about 11 years or 8% per year.

 

The largest winner was a sale on Woobank. It appears the purchase was back in 1998 for $149,000 and sold this past week at $342,000 for a gain of 130% over 17 years or 8% per year.

Definitely owning beats renting for return on investment.

 

There were 12 sales where the previous purchase was over 10 years ago.

The average of last week’s sales from the time of purchase was 9 years.

 

25% sold between $115,000 and $268,000

25% sold to $342,000

25% sold to $429,000

25% sold to $870,000

There were  13 properties sold for more than $450,000 (up 3).

15 of the sales were either new construction or did not show any previous sale on the system (up 6). 

Of the 43 which had previous sales;  11  had a lower sales price than the previous sale. All the losers had been purchased between 2006 and 2009.

 

If you would like to know the value of your home; call me for a free , no obligation valuation.

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Nanaimo Real Estate Market  Snapshot  to April 4 2015

 

Keep in mind this was a 4 day reporting week due to the holiday.

For the week  to April 4 there have been  reported 37 sales of homes over $100,000 in Nanaimo and Protection Island. (Down 9 on the week.)

There were 89 new listings of houses. (Up 8 on the week.)

There are 899 homes listed in Nanaimo above $100,000 (up 39).

 

The most expensive home reported sold in Nanaimo last week was on Finnerty Pl. for $755,000.  It appears this was purchased in 2003 for $405,000. That would represent 86% increase in about 12 years or 7% per year.

 

The largest winner was a sale on Fillinger. It appears the purchase was back in 2001 for $176,000 and sold this past week at $462,000 for a gain of 163% over 14 years or 11% per year.

Definitely owning beats renting for return on investment.

 

There were 15 sales where the previous purchase was over 10 years ago.

The average of last week’s sales from the time of purchase was 11 years.

 

25% sold between $141,000 and $268,000

25% sold to $342,000

25% sold to $432,000

25% sold to $755,000

There were  10 properties sold for more than $450,000 (up 4).

9 of the sales were either new construction or did not show any previous sale on the system (down 4). 

Of the 27 which had previous sales;  only 2  had a lower sales price than the previous sale. All the losers had been purchased between 2008 and 2009.

 

If you would like to know the value of your home; call me for a free , no obligation valuation.

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