Posted in Market Stats ,Market Stats 2023 ,
The May Team - Vancouver Island Real Estate Updates
VIREB MONTHLY STATISTICS PACKAGE - December 2023
LACKLUSTRE DECEMBER CLOSES OUT 2023
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut.
Last month, there were 151 sales of single-family home ...
VIREB MONTHLY STATISTICS PACKAGE - November 2023
HOUSING MARKET WINDING DOWN TO YEAR END ON A SLOW NOTE
NANAIMO, BC – Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two per cent from last November and three per cent from October. Sales of condo apartments in November came in at 56, increasing by four per cent year over year and down seven per cent from October. In the ro ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - OCTOBER 2023
INTEREST RATES TAKING A TOLL ON HOUSING MARKET
NANAIMO, BC – Last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, the same number as last October and down by eight per cent from September 2023 (266). Sales of condo apartments in October came in at 60, increasing by 43 per cent year over year and down 29 per cent from September. In th ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - SEPTEMBER 2023
QUIET SEPTEMBER MARKET FAVOURS BUYERS
NANAIMO, BC – Last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 per cent increase from one year ago (239) and down by 18 per cent from August 2023 (324). Sales of condo apartments in September came in at 85, increasing by 63 per cent year over year and the same number as in August. In th ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - AUGUST 2023
STEADY SALES MAKE FOR A BUSIER-THAN-USUAL JULY
NANAIMO, BC – Last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven per cent increase from one year ago (304) and down by 21 per cent from July 2023 (414). Sales of condo apartments in August came in at 85, increasing by 29 per cent year over year but down 13 per cent from the pre ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - JULY 2023
STEADY SALES MAKE FOR A BUSIER-THAN-USUAL JULY
NANAIMO, BC – Last month, there were 414 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 41 per cent increase from one year ago (294) and down by two per cent from June 2023 (424). Sales of condo apartments in July came in at 98, increasing by 31 per cent year over year but down 12 per cent from the previou ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - JUNE 2023
BUSIER JUNE THAN EXPECTED DESPITE RATE HIKE
NANAIMO, BC – Last month, there were 424 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a five per cent increase from one year ago (403) and up by 13 per cent from May 2023 (488). Sales of condo apartments in June came in at 111, increasing by 39 per cent year over year and 29 per cent from the previous month. ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - MAY 2023
RETURN TO A MORE TRADITIONAL SPRING MARKET IS WELCOME
NANAIMO, BC – Last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight per cent increase from one year ago (450) and a 25 per cent increase from April 2023 (391). Sales of condo apartments in May came in at 86, declining by seven per cent year over year and increasing by 12 p ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - APRIL 2023
BUYERS TAKING MEASURED APPROACH IN SPRING MARKET
NANAIMO, BC – Last month, there were 391 sales of single-family homes in the Vancouver Island RealEstate Board (VIREB) area, a 22 per cent decrease from one year ago (500) and a three per cent increase from March 2023 (381). Sales of condo apartments in April came in at 77, declining by 31 per cent year over year and increasing by 17 per cent ...
Posted in Market Stats ,Market Stats 2023 ,
VIREB MONTHLY STATISTICS PACKAGE - MARCH 2023
MARKET PICKING UP STEAM AS WE HEAD TOWARDS SPRING
NANAIMO, BC – Last month, there were 381 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 26 per cent decrease from one year ago (515) and a 73 per cent increase from February 2023 (220). Sales of condo apartments in March 2023 came in at 66, declining by 46 per cent year over year and increasing by three ...
Posted in Market Stats ,Market Stats 2023 ,