Nanaimo real estate statistics- May 2011
By Lynn Donn, Homes for Sale in Nanaimo BC
(Royal Lepage Nanaimo Realty)
Nanaimo real estate statistics- May 2011 The numbers are in for May. VIREB recently released the Nanaimo real estate statistics from May 2011. It definitely looks like the Nanaimo real estate market has become a buyer's market! The Cumulative Residential Average Single Family Sale Price is 2% lower than May 2010. The average sale price was $379,405. in May 2011 compared to $388,497. in May 2010. The following are the single family market changes for May 2011 compared with May 2010 - There were 16% fewer units listed this May than May 2010. - 13% fewer units were sold this May compared to May 2010 - The average sale price per unit for May 2011 was 2% less than May 2010 - The average days to sell in May 2011 were 41 days compared with May 2010 which was 47 days. According to the stat...