QUIET DECEMBER CLOSES OUT THE YEAR NANAIMO, BC – Last month, 200 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 10 percent decrease from one year ago and a drop of 18 percent from November. Sales of condo apartments in December came in at 35, declining by 53 percent year […]
CONTINUING INVENTORY GAINS POSITIVE SIGN FOR NEW YEAR NANAIMO, BC – The November 2022 Real Estate Market Stats show that last month, 244 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 30 percent decrease from one year ago and down by two percent from October. There were 54 condo apartment […]
HOUSING MARKET QUIETS AS YEAR-END APPROACHES NANAIMO, BC – The October 2022 Real Estate Market Stats show us that last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37% decrease from one year ago and up by 3% from September. There were 42 condo apartment sales in October […]
FALL BRINGS MORE BREATHING ROOM FOR BUYERS. NANAIMO, BC – Last month, active listings of single-family detached properties nearly tripled from September 2021, jumping to 1,417. VIREB’s inventory of condo apartments was 332 in September 2022, up from 167 listings one year ago. There were 295 row/townhouses for sale last month, nearly tripling from the […]
July brings more options for buyers! Due to a significant increase in inventory, July brought more options for buyers in the Vancouver Island Real Estate Board (VIREB) area. Last month, active listings of single family homes (not acreage or waterfront) climbed by 142% from July 2021 and 15% from June 2022, reaching 1,387. VIREB’s inventory […]
Additional inventory is positive news for buyers. Inventory in the Vancouver Island Real Estate Board (VIREB) area is climbing, but the housing supply is still far below the level needed to satisfy current demand. Active listings of single-family homes rose by 34 per cent from April 2021 and by 32 per cent from March of this […]
The April 2022 Nanaimo Real Estate and area inventory is inching up but still far from ideal. Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from March 2021 and by 60 per cent […]
INVENTORY INCHING UP BUT STILL FAR FROM IDEAL Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from but increased by 60 per cent from February. VIREB’s inventory of condo apartments in March dipped […]
ADDITIONAL INVENTORY OFFERS LITTLE RELIEF FOR BUYERS February brought additional inventory to the table in the Vancouver Island Real Estate Board (VIREB) area. However, listings are still far below where they need to be to satisfy buyer demand. Active listings of single-family homes were 12 per cent lower last month than the previous February but rose […]
NEW YEAR BRINGS SMALL INVENTORY BUMP The new year brought a small inventory bump, but demand is still far outpacing supply in the Vancouver Island Real Estate Board (VIREB) area. Active listings of single-family homes were 39 per cent lower last month than the previous January but rose by 15 per cent from December 2021. VIREB’s […]