By Caitlin Lundgren

NREMR: January 2022

Nanaimo Real Estate Market Report: January 2022

Feb 3, 2022 | 11:04 AM

NANAIMO – New year brings slight inventory increase.

In January, 220 single-family detached properties sold, a 22 per cent decrease from one year ago.

The housing market on Vancouver Island continues to see historically low inventory and rising prices.

The average sale price for Nanaimo single-family homes reached a historic high at $1,003,705, a 16 per cent increase from the previous month and 32 per cent higher than January 2021.

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

RCMP Priorities

'We are seeing it in our elementary schools;' Nanaimo RCMP break down priorities for 2024

5h ago

traffic delays

One injured in multi-vehicle crash along Nanaimo Parkway

10h ago

back open

London Drugs president says sorry for cyber breach, no evidence customer data taken

11h ago

These are the benchmark numbers for Nanaimo in January 2022, as well as central and northern Vancouver Island:

• Nanaimo’s benchmark price increased to $822,600 up 31 per cent from last year.
• Campbell River’s benchmark price for single-family homes was $682,800, which is a 26 per cent increase from the previous year but down slightly from the previous month.
• Comox Valley’s benchmark price increased by 27 per cent from last year to $814,500.
• Cowichan Valley reported a benchmark price of $782,900, an increase of 25 per cent compared to January 2021.
• The Parksville-Qualicum area increased 33 per cent from the last year to $952,900.
• Port Alberni’s benchmark rose to $553,900, a 41 per cent increase from last year, the largest increase on the island.

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