Real Estate Statistics for December 2015 & the Annual Statistics

Real Estate Statistics for December 2015 & the Annual Statistics

 

December Statistics

 

December 2015

November  2015

December 2014

Nanaimo

   

 

Unit Sales:

73

107

81

Average Sale Price:

$403,678

$400,977

$386,352

 

 

 

 

Parksville / Qualicum

     

Unit Sales:

36

54

41

Average Sale Price:

$428,676

$431,768

$448,061

         

 

Nanaimo home sales decreased 10% in December 2015 when compared with December 2014. The average sale price increased 4%. The median house price was $397,000.

Parksville/Qualicum home sales decreased 12% in December 2015 when compared with December 2014. The average sale price decreased 4%. The median house price was $399,500.

 

Annual Statistics

 

2015

2014

% Change

Nanaimo

   

 

Unit Sales:

1425

1230

16%

Average Sale Price:

$391,313

$370,760

6%

 

 

 

 

Parksville / Qualicum

     

Unit Sales:

815

692

18%

Average Sale Price:

$404,700

$397,566

2%

         

 

 Synopsis

 

In Nanaimo for December 2015 there were 252 active listings of single family freehold homes and 185 in Parksville/Qualicum.

 

The graphs below are for Nanaimo and show the average sold numbers and average sold price since January 2012 and the annual average sold numbers and price since 2009 (single family homes only.)

 

 

The following graph shows the % difference of the housing price index (HPI) from the same month 12 months ago. It is split into the different sub-areas and is for single family homes.

 

As we proceed into the New Year we can see from the figures that 2015 was a busy year with increased sales and that prices are continuing to climb. In previous years the market has been fairly balanced with a slight bias towards buyers but over the previous year we have seen this change so the bias has moved in favour of sellers. We will see what 2016 brings but if interest rates remain as low as they have been and inventory levels stay low then this trend of increased sales and price should continue in the same direction.

 

If you are thinking of listing, or you know anyone who is, please give me a call and I would be more than happy to discuss the current market.

 

These figures do concentrate on single family homes but if you would like similar information for other property types, such as apartments or patio homes, or specific geographical areas of Nanaimo or Parksville/Qualicum, then I would be more than happy to discuss those with you as well.

 

As always I hope you find these monthly newsletters informative and if at any time you or any of your friends, relatives or co-workers are looking for a professional realtor to help them buy or sell a home, or just have a real estate question, please call my personal cell, 250-739-1228, or drop me an email.

 

Thank you

Ian Hodson

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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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