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NREMR: September 2024

Nanaimo Real Estate Market Report: September 2024

Oct 8, 2024 | 10:55 AM

NANAIMO –  A spring market has sprung in the fall

In September, 320 single-family homes sold in Nanaimo, down four percent from August but up twenty-two per cent over the previous year. Active listings of single-family homes on the Mid-Island were 1,586 in September, up thirty-five percent from the previous year.

The average sale price for a single-family home in Nanaimo was $840,318 in September, on par with the previous month but nearly a six percent increase from September 2023.

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

These are the benchmark numbers for Nanaimo in September 2024, as well as central and northern Vancouver Island:

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• Nanaimo’s benchmark sits at $810,800, on par with both last month and the previous year.
• Campbell River’s benchmark price for single-family homes was $694,700, close to a three percent increase over the previous year.
• Comox Valley’s benchmark price is on par with last year’s price at $826,600.
• Cowichan Valley reported a benchmark price of $773,900, a two percent decrease from September 2023.
• The Parksville-Qualicum area is on par with last year with a benchmark price of $902,500.
• Port Alberni’s benchmark increased rose to $501,100, a three percent decrease from last year’s number.
• The North Island area is up four percent over last year with a benchmark price of $451,100.

The monthly Nanaimo Real Estate report analyzes the Vancouver Island Real Estate market north of the Malahat and, more precisely, the Nanaimo and the 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