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The Nanaimo real estate saw single-family home sales drop by 47% compared to April 2019 and Island wide they went down by 54%. According to the most recent Market Intellignce Report, the BCREA (British Columbia Real Estate Association) predicts the co...What is Nanaimo's luxury real estate market like?
Nanaimo’s luxury real estate market is driven by move-over buyers from the mainland of BC as well as the rest of Canada. COVID-19 caused prices to increase and the demand for luxury homes to remain at a higher than normal level due to a lower housing supply being available.What is the average selling price of single-detached homes in Nanaimo?
The average selling price of single-detached homes in Nanaimo increased to $602,905 in 2020 (Jan. 1 – Oct. 31), compared to $559,252 in 2019 (Jan. 1 – Dec. 31). The number of single-detached home sales increased 13.29% to 1,262 in 2020, up from 1,114 in 2019.Is Nanaimo a good place to live?
Surrounded by wilderness, it should come as no surprise that the city is committed to environmental stewardship. As an art enthusiast, Nanaimo's art culture is vibrant with live concerts, festivals, tours, authentic theatre, and fine shows. If you're moving to Canada's West Coast, you will be glad to call this lively, beautiful city home.