Local Market Snapshot

Posted by Jeff King on Feb 1, 2012 | 0 comments

There are currently just over 1200 properties listed for sale on the local MLS system.  Showing 541 Single family homes, 300 condos, 230 lots and mixed bag for the rest.

Wow!  38 single family units sold in the month of January.  Impressive!  North Nanaimo takes the cake selling 12 of the 38 units.  Central Nanaimo and Pleasant Valley follow with 5 and 4 units each making a total of 55% of the sold market.  The average house price listed was $367,000 and sold for 97% at $354,000.

The condo market is start off slowly (no surprise) with 5 apartment style units averaging $222K, and 4 Townhouse style selling on average for $288K.  Apartment style units still sell slower with an average day on the market of 96 vs. 21 for townhouse.

For the rest, check out the market stats on my site by clicking here.

For more information on the Nanaimo Market or of the area contact me via email at jeff@jeffkinghomes.com.  Sign up for my monthly newsletter below:

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