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The May Team - Vancouver Island Real Estate Updates
VIREB MONTHLY STATISTICS PACKAGE - DECEMBER 2022
QUIET DECEMBER CLOSES OUT THE YEAR
NANAIMO, BC – Last month, 200 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 10 per cent decrease from one year ago and a drop of 18 per cent from November. Sales of condo apartments in December came in at 35, declining by 53 per cent year over year and dropping by 36 per cent from November. In the row/townhouse category, ...
VIREB MONTHLY STATISTICS PACKAGE - NOVEMBER 2022
CONTINUING INVENTORY GAINS POSITIVE SIGN FOR NEW YEAR
NANAIMO, BC – Last month, 244 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 30 per cent decrease from one year ago and down by two per cent from October. There were 54 condo apartment sales in November 2022, a decline of 50 per cent year over year and up by 29 per cent from October. In the row/townhous ...
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VIREB MONTHLY STATISTICS PACKAGE - OCTOBER 2022
HOUSING MARKET QUIETS AS YEAR-END APPROACHES
NANAIMO, BC – Last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37 per cent decrease from one year ago and up by three per cent from September. There were 42 condo apartment sales in October 2022, a decline of 65 per cent year over year and down by 19 per cent from September. In the row/townhouse ca ...
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VIREB MONTHLY STATISTICS PACKAGE - SEPTEMBER 2022
FALL BRINGS MORE BREATHING ROOM FOR BUYERS
NANAIMO, BC – Last month, active listings of single-family detached properties nearly tripled from September 2021, jumping to 1,417. VIREB’s inventory of condo apartments was 332 in September 2022, up from 167 listings one year ago. There were 295 row/townhouses for sale last month, nearly tripling from the 106 reported one year ago.
Although there ...
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VIREB MONTHLY STATISTICS PACKAGE - AUGUST 2022
CALMER MARKET CONDITIONS AS SUMMER DRAWS TO A CLOSE
NANAIMO, BC – Inventory was up, and sales were down in August, reminiscent of a typical summer market in pre-COVID times.
Last month, active listings of single-family detached properties (not acreage or waterfront) jumped to 1,368, a 153 per cent increase from August 2021. VIREB’s inventory of condo apartments hit 332 last month, up from 1 ...
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VIREB MONTHLY STATISTICS PACKAGE - JULY 2022
JULY BRINGS MORE OPTIONS FOR BUYERS
NANAIMO, BC – Due to a significant increase in inventory, July brought more options for buyers in the Vancouver Island Real Estate Board (VIREB) area.
Last month, active listings of single-family homes (not acreage or waterfront) climbed by 142 per cent from July 2021 and 15 per cent from June 2022, reaching 1,387. VIREB’s inventory of condo apartments hi ...
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VIREB MONTHLY STATISTICS PACKAGE - JUNE 2022
RISING INVENTORY A HOPEFUL SIGN FOR BUYERS
NANAIMO, BC – Inventory in the Vancouver Island Real Estate Board (VIREB) area rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets.
Last month, active listings of single-family homes (not acreage or waterfront) climbed by 107 per ...
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VIREB MONTHLY STATISTICS PACKAGE - MAY 2022
MARKET SHIFTING AMIDST LIGHTER DEMAND AND MORE INVENTORY
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) housing market appears to be shifting amidst lighter demand and increased inventory.
Last month, active listings of single-family homes (not acreage or waterfront) climbed by 64 percent from May 2021 and 34 percent from April of this year. VIREB’s inventory of condo apartmen ...
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VIREB MONTHLY STATISTICS PACKAGE - APRIL 2022
ADDITIONAL INVENTORY POSITIVE NEWS FOR BUYERS
NANAIMO, BC – Inventory in the Vancouver Island Real Estate Board (VIREB) area is climbing, but the housing supply is still far below the level needed to satisfy current demand.
Active listings of single-family homes rose by 34 per cent from April 2021 and by 32 per cent from March of this year. VIREB’s inventory of condo apartments was 13 per c ...
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VIREB MONTHLY STATISTICS PACKAGE - MARCH 2022
INVENTORY INCHING UP BUT STILL FAR FROM IDEAL
NANAIMO, BC – Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from March 2021 but increased by 60 per cent from February. VIREB’s inventory of condo apartments in March dipped by 13 per from one year ago but increased by ...
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