August 2014 Market update

People often ask Realtors:  

“ When is the TOP of the market?”

"When is the BOTTOM of the market?”

 We NEVER really know that –of course—until we compile the stats & then look back at them.

Look at the attached graph—taken from MLS® data, in Nanaimo over the last two years.

You’ll see that in September 2012 the “Average Single Family” sale price was about $355,000.00---then it dipped down to about $345,000.00

You will also note that in April of 2012, and then has had a slow steady rise up to the  now--August 2014  where the average price is ( to be exact ) $361,094.00.

  • Average sale price of a lot--$161,212.00
  • Average sale price of an apartment style condo--$220,046.00
  • Average sale price of patio home style condo-- $277,256.00
  • Average sale price of a townhome style condo--$259,516.00

So...WHEN’s the bottom of this market cycle ?

It was in March –April- May of 2012.

Selling?  See what the worlds LARGEST residential real estate organization will do for YOU.

I would love hearing from you--let's talk about this!

Gordon Halkett

250-714-2001

Gordon.halkett@century21.ca

 

 

 

 

 

 

 

 

 

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Gordon Halkett

Gordon Halkett

Personal Real Estate Corporation
CENTURY 21 Harbour Realty Ltd.
Contact Me