Ralph Kirby Realtor®


Weekly summary for September 7 2018

For the Nanaimo -Parksville area last week there were :

121 new listings

  60 price reductions and 

  78 sales

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.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.