Market  Snapshot  to April 26 2013

For the week  to April 26th there have been  reported 38 sales of homes over $100,000.

(The reported sales are for actual dates over the past month but were reported in this period)

25% sold between $174,000 and $257,000

25% sold to $352,000

25% sold to $450,000

25% sold to $1,100,000

There were only 8 sold for more than $450,000

21 (57%) sold for less than the assessed value.

10  (27%) sold for more than 5% higher than the assessed value.  

17 of the sales were either new construction or did not show any previous sale on the system. 

Of the 21 which had previous sales;  3  had a lower sales price than the previous sale (14%).

The median  $/ sq ft was $169.  

There were 13 (34%)homes sold for $191/sq ft or greater.

There were no sales on Protection Island.

Summary

                Quartile in $000

Date      1             2              3              4       #>$450    %<Assessed   %>105%Assessed                           

4/12       228         285         366         732              7              50                       33

4/19       253         275         338         706              2              67                       24

4/26       257         352         450         1,100           8              57                      27                          

 

Date      %<last sale         Median $/sqft                   %>$191/sqft      Sales on Protection

4/12       39                           161                                    23                                           0

4/19       32                           168                                    33                                           0

4/26       14                           169                                    34                                           0

 

In Nanaimo for the period March 1, 2013 to March 28, 2013 there were 77 single family homes sold.   This is a decrease of 14% from last year’s sales of 90.