May 2022 Nanaimo Real Estate Market Stats

May 2022 Nanaimo Real Estate Market Stats

  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 […]

April 2022 Nanaimo Real Estate Market Stats

April 2022 Nanaimo Real Estate Market Stats

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 […]

March 2022 Nanaimo Real Estate Market Stats

March 2022 Nanaimo Real Estate Market Stats

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 […]

February 2022 Nanaimo Real Estate Market Stats

February 2022 Nanaimo Real Estate Market Stats

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 […]

January 2022 Nanaimo Real Estate Market Stats

January 2022 Nanaimo Real Estate Market Stats

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 […]

December 2021 Nanaimo Real Estate Market Stats

December 2021 Nanaimo Real Estate Market Stats

ENDS WITH NEAR-RECORD SALES AND RECORD-LOW INVENTORY The Vancouver Island Real Estate Board (VIREB) recorded 11,045 unit sales (all property types) in 2021, close to the 12,014 and 11,341 unit sales seen in 2016 and 2017. It is a remarkable outcome notwithstanding since it occurred amidst an environment of historically low inventory. Based on buyer […]

November 2021 Nanaimo Real Estate Market Stats

November 2021 Nanaimo Real Estate Market Stats

HOW LOW CAN HOUSING INVENTORY GO? Active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop, with demand far outpacing supply. Inventory has hit consecutive historical lows for several months running. Active listings of single-family homes were 44 per cent lower last month than in November 2020 and dropped by 24 per […]

October 2021 Nanaimo Real Estate Market Stats

October 2021 Nanaimo Real Estate Market Stats

DIFFERENT MONTH BUT THE SAME ISSUES CONTINUE The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “different month, same issues.” By category, 398 single-family homes sold in October, a 23 three per cent decrease from one year ago. There were 122 condo apartment sales last […]

September 2021 Nanaimo Real Estate Market Stats

September 2021 Nanaimo Real Estate Market Stats

HOUSING MARKET CLOSED OUT SUMMER THE WAY IT BEGAN The housing market in the Vancouver Island Real Estate Board (VIREB) area finished summer the way it began, with historically low inventory and rising prices. Active listings of single-family homes were 47 per cent lower last month than in September 2020, while VIREB’s inventory of condo apartments […]

August 2021 Nanaimo Real Estate Market Stats

August 2021 Nanaimo Real Estate Market Stats

INCREASING HOUSING SUPPLY IS KEY TO AFFORDABILITY Historically low inventory in the Vancouver Island Real Estate Board (VIREB) area continues to plague potential buyers and hamper sales. Active listings of single-family homes and row/ townhouses are 50 per cent lower than in August 2020, while VIREB’s inventory of condo apartments dropped by 61 per cent […]