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Douglas Belcher, RE/MAX, Nanaimo, ABR , ePRO

Deerwood Estates Open House

There will be several open houses being held at Deerwood Estates modular home park. Deerwood is an upscale 55+ modular home park in North Nanaimo. The open houses will run from 1 - 3pm on Saturday Feruary 11th.

If you are concidering selling your home and scaling back today would be a good day to meet several agents and look at the options available.

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

Listing update November 2011.

Lots of good deals out there for buyers this fall. Here are some of my offerings











These are just 11 of the 1335 listings available. If you are looking to buy a home in Nanaimo give me a call. I am one of 2 ABR'S (Acdredited Buyers Representitives) in the city of Nanaimo. I have 7 years of exprience helping hundreds of clients.

Douglas Belcher
RE/MAX of Nanaimo Real Estate

Nanaimo real estate sales Stats November 2011 and a look back.

The average price of a single family home in the last 24 months has hovered around $350,0000 to $365,000. The prices rose lightly during June - Oct 2010 then fell off slightly during the winter but have stayed flat through 2011 (between $360,000 and $365,000). The inventory level is 514 homes listed similar to last year. The inventory levels for the last 7 years are as follows.

2005 - 426

2006 - 501

2007 - 460

2008 - 630 (high due to stock market crash)

2009 - 386

2010 - 521

2011 - 514

The number of homes for sale really is pretty normal compared to the last 6 years. The number of units sold Nov. YTD for the last 7 years however is much lower 2008 - 2011. I suspect with the 7 year average of 1357 we are probably going to see a slight increase in sales in 2012 somewhere in the 1200 range Jan-November). No REALTOR can predict the future but it does feel like it is going to be more balanced for a while. Interest rates seem stable and while the stock market seems to be a little volitile people will continue to move and buy / sell homes.

2005 - 1636

2006 - 1448

2007 - 1683

2008 - 1213

2009 - 1284

2010 - 1147

2011 - 1091

Ocean view 5 bedroom home with suite on .36 acre lot

5047 Lost Lake Drive

This 5 bedroom North Nanaimo ocean view home sits on a .36 acre lot with stunning ocean views. The main level has oak hardwood floors throughout the living room, dining room, hall and bedrooms. The main bath has been updated with ceramic tile floors and surround. The master bedroom has a walk-in closet and 2 piece ensuite. The lower level has a two bedroom unauthorized suite also with ocean views. There is lots of RV parking due to the width of the lot 115'. The property has subdivision potential (with city approval). This home has been rented since 2005 up and down but could easily be used as a family home.

New Listing http://www.dougbelcher.com/listings/5047-Lost-Lake-Road/5047%20Lost%20Lake%20Road.html