I have just listed 2 homes and a business. One home is a brand new 5 bedroom home with a 2 bedroom legal suite. The second home is a renovated 2 bedroom home. The business is a coffee shop in central Nanaimo "Serious Coffee".
Home prices continue to fall in price showing a $15,000 drop on average since last year. This is only a 4% drop but for those that were used to the prices going up every year it has created some opportunities for first time buyers and investors. While I have been slow since December I have noticed a dramatic increase in both buyer calls and people interested in listing their home. Sales of homes in the last 12 months is down about 11% from last year. Condo sales is also down 16%. Buyers seem to be looking at more before buying because of the increase in inventory. Sellers aware of this are taking more time to prepare their homes for sale.To view the latest Nanaimo real estate statistics.
I post both my cell and office number so my clients can reach me anytime. I am always happy to discuss your real estate needs.
Office 1-5140 Metral Dr. Nanaimo