By Caitlin Lundgren

Nanaimo Real Estate Market Report: June

Nanaimo Real Estate Market Report: June 2021

Jul 19, 2021 | 8:44 AM

NANAIMO – Market clams slightly in June but high demand continues.

In June, 533 single-family detached properties sold, a decrease from the previous month.

Inventory is rising slightly which created more opportunities for buyers, but inventory remains tight.

The average sale price for Nanaimo single-family homes was $756,998 which is a slight increase from May 2021 but 32 per cent higher than June 2020.

In a competitive market, it is key to obtain the advice of a REALTOR®, especially in a multiple-offer environment.

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These are the benchmark numbers for Nanaimo in June 2021, as well as central and northern Vancouver Island:

• Nanaimo’s benchmark price increased to $728,200, up 26 per cent from last year.
• Campbell River’s benchmark price for single-family homes was $627,600, which is a 25 per cent increase from the previous year.
• Comox Valley’s benchmark price increased by 26 per cent from last year to $756,400.
• Cowichan Valley reported a benchmark price of $693,200, an increase of 25 per cent compared to June 2020.
• The Parksville-Qualicum area increased 26 per cent from the last year to $824,000.
• Port Alberni’s benchmark rose to $468,100, a 34 per cent increase from last year, the largest increase on the island last month.

The monthly Nanaimo Real Estate report analyzes the Vancouver Island Real Estate market north of the Malahat and more precisely, the Nanaimo and greater area. The information included here does not reflect the actual value of any particular property. You can find out what your home is worth by contacting a RE/MAX of Nanaimo’s agents here.

Looking for listings? Start browsing Nanaimo’s Real Estate listings here

Want to know more? Find more Nanaimo Real Estate Market Reports here https://nanaimonewsnow.com/nanaimo-real-estate-market-report