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The Feburary 2016 Sales stats are out and wow are they impressive. With 126 homes sold in the month, up from 87 sold last Febuary. The average price is climbing as well. This Febuary the average sale price was $414,000, up from last Febuary of $366,000. Thats an amazing 14%increase in house pricing. 

 

We have also noticed that as new homes enter the market REALTORS are making a notation of when the sellers will be accepting offers. 1 out of 3 new listings are being presented this way. It is a selelrs market.

 

The demand for singkle family homes has not slowed down at all. If you have a home valued between $350,000 and $500,000, it is the time to sell and move into your next home. 

 

We dont expect the market to slow down, but there will be a max amount that buyers will pay for certein types of homes, in certain areas. 

 

Call us to find out what yours is worth.

 

Follwo the links for the actual stats.

 

https://www.dropbox.com/s/l7igt95zvbs9gz1/Feb%202016%20graph%20stats.pdf?dl=0

 

https://www.dropbox.com/s/xesylsba4xlynsf/Feb%202016%20Nanaimo%20home%20sales%20map.pdf?dl=0 

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