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 […]
As we are on our way into December, the holiday season is soon upon us! Our team has put together a list of fun things to do in Nanaimo this holiday season that you won’t want to miss out on! Gogo’s Christmas Farm This locally famous Christmas Tree farm is a beautiful place to create […]
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 […]
Of all the months in the year, so many people love October. The crunch of the leaves, the crisp weather, the pumpkin spice, and the great things to do in and around Nanaimo. If you are looking for fall seasonal events whether you are a Nanaimo local or a visitor to the city, there are […]
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 […]
Rising inventory is a hopeful sign for buyers! Inventory in the Vancouver Island Real Estate Board (VIREB) area rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets. Last month, active listings of single-family homes (not acreage […]
Canada Day is almost upon us, and though we know it has been a long 12 months, that does not mean that there are not things worth celebrating. Across Canada, the day is a national holiday, celebrated with parades and parties. It’s not as focused on patriotism as the American July 4th celebration, but there are […]
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 […]