Nanaimo 2011 Real Estate Market Stats Year End

The end of the year has arrived and along with it the sales stats for the year. It was a tough year but in light of what is going on around the world we should count ourselves lucky.

Single family sales for the year were pretty close to 2010 numbers in terms of units -4% from 2010 but sales volume was down 17% the homes that did sell actually sold faster (17 days faster than last year). Careful shoppers looked around and picked the well priced deals. The average home price remained the same as 2010. Condo sales were down about 19% and prices fell about $23,000. There remains a full year of inventory of condos on the market 230 for sale with sales of 213 for all of 2011.

To see the complete market stats for Nanaimo real estate market