The following information is taken from the MLS sales data from the Vancouver Island Real Estate Board. The information is based on single-family residential unit sales.
The month of April 2016 saw 188 homes sold, compared with 162 homes the previous month, and compared with 148 homes sold in April 2015. This represents a 27% increase when compared with last year.
The average sale price increased in April 2016 to $437,232.00 compared with $387,469.00 in April 2015 an increase of 13%. The median Nanaimo house price for April 2016 was $391,500.00.
In April 2016, the benchmark price of a single-family home in the VIREB area was $356,700, up 8.36 per cent from one year ago. Benchmark pricing tracks the value of a typical home in the reported area. The benchmark price of townhouses and apartments also increased in nearly every market. The average MLS® price of a single-family home in April was $396,165, a nine per cent increase from April 2015.
Nanaimo’s benchmark price rose 9.08 per cent to $379,300 while the Parksville-Qualicum area saw its benchmark price rise by 10.69 per cent to $399,500.