By Caitlin Lundgren

NREMR: December 2022

Nanaimo Real Estate Market Report: December 2022

Jan 10, 2023 | 9:20 AM

NANAIMO – Year closes out quietly

In December, 64 single-family homes sold in Nanaimo, up 15 per cent from November but down 10 per cent from the previous year.

Active listings of single-family homes on the Mid-Island rose 120 per cent from December 2021, jumping to 895, but dropped by 25 per cent from November.

The average sale price of single-family residential units in Nanaimo continues to decline. December saw an average sale price of $773,795, an 10 per cent decrease from last year.

In a competitive market, it is key to obtain the advice of a REALTOR®, especially in a rapidly changing environment.

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

• Nanaimo’s benchmark price decreased to $777,600, evening out with the benchmark from last year.
• Campbell River’s benchmark price for single-family homes was $661,300, a slight increase from the previous year but a slight decrease from last month.
• Comox Valley’s benchmark price decreased by 1 per cent from last year to $789,500.
• Cowichan Valley reported a benchmark price of $752,700, an decrease of 1 per cent compared to December 2021.
• The Parksville-Qualicum area decreased 1 per cent from the last year to $878,900.
• Port Alberni’s benchmark rose to $539,100, a 3 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