For the Nanaimo -Parksville area last week there were :
121 new listings
60 price reductions and
With more listings than sales the market is becoming balanced.
I find it interesting to see how prices have increased over time.
Following are some samples from the sales last week.
The comparison prices are for the same property .
Area Sales Price Previous Sale - Year of previous Sale
North Nanaimo $613,000 vs $403,000 in 2013 and $183,767 in 2000
Nanoose Bay 575,000 vs 381,500 in 2009 and 218,000 in 2003
Nanaimo 551,700 vs 385,000 in 2010 and 262,000 in 2009
Nanaimo condo 519,000 vs 375,000 in 2010
Nanaimo Central 485,000 vs 230,000 in 2010 and 135,000 in 2003
Certainly owning property has been a good investment.
List with me to save THOUSANDS on selling your home.