Brooke Graham

@thatnanaimorealtor

27 days ago

NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 824 unit sales boardwide (all property types) on the MLS® System in May 2024. In the single-family category (excluding acreage and waterfront), 409 homes sold in May, down 14% from one year ago and up 9% from April. Sales of condo apartments last month came in at 92, increasing by 11% year over year and up 23% from April. In the row/townhouse category, 108 units changed hands in May, up 17% from one year ago and 30% from April.Active listings of single-family homes were 1,433 in May, an increase from the 979 posted one year ago. VIREB’s inventory of condo apartments was 398 last month, up from 318 in May 2023. There were 375 row/townhouses for sale last month compared to 252 the previous year.The board-wide benchmark price (MLS® Home Price Index) of a single-family home was $781,100 in May 2024, up 4% from one year ago and a slight uptick from April. In the apartment category, the benchmark price was $413,000 last month, up 3% from the previous May and 2% from April. The benchmark price of a townhouse in May was $544,200, up 1% from one year ago and 1% higher than in April.The Comox Valley’s year-over-year benchmark price rose by 6% to $833,600. In the Cowichan Valley, the benchmark price was $779,300, a 2% increase from May 2023. Nanaimo’s year-over-year benchmark price rose by 4% to reach $815,900, while the Parksville-Qualicum area saw its benchmark price increase by 2% to $896,400. The cost of a benchmark single-family home in Port Alberni was $517,000, up 3% from the previous year.: , ()

𝗠𝗔𝗬 𝟮𝟬𝟮𝟰 𝗠𝗔𝗥𝗞𝗘𝗧 𝗦𝗧𝗔𝗧𝗦 𝗟𝗔𝗥𝗚𝗘 𝗜𝗡𝗩𝗘𝗡𝗧𝗢𝗥𝗬 𝗜𝗡𝗖𝗥𝗘𝗔𝗦𝗘 𝗜𝗡 𝗠𝗔𝗬 𝗪𝗛𝗜𝗟𝗘 𝗦𝗔𝗟𝗘𝗦 𝗖𝗢𝗡𝗧𝗜𝗡𝗨𝗘 𝗧𝗢 𝗟𝗔𝗚 NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 824 unit sales boardwide (all property types) on the MLS® System in May 2024. In the single-family category (excluding acreage and waterfront), 409 homes sold in May, down 14% from one year ago and up 9% from April. Sales of condo apartments last month came in at 92, increasing by 11% year over year and up 23% from April. In the row/townhouse category, 108 units changed hands in May, up 17% from one year ago and 30% from April. Active listings of single-family homes were 1,433 in May, an increase from the 979 posted one year ago. VIREB’s inventory of condo apartments was 398 last month, up from 318 in May 2023. There were 375 row/townhouses for sale last month compared to 252 the previous year. The board-wide benchmark price (MLS® Home Price Index) of a single-family home was $781,100 in May 2024, up 4% from one year ago and a slight uptick from April. In the apartment category, the benchmark price was $413,000 last month, up 3% from the previous May and 2% from April. The benchmark price of a townhouse in May was $544,200, up 1% from one year ago and 1% higher than in April. The Comox Valley’s year-over-year benchmark price rose by 6% to $833,600. In the Cowichan Valley, the benchmark price was $779,300, a 2% increase from May 2023. Nanaimo’s year-over-year benchmark price rose by 4% to reach $815,900, while the Parksville-Qualicum area saw its benchmark price increase by 2% to $896,400. The cost of a benchmark single-family home in Port Alberni was $517,000, up 3% from the previous year. 𝗦𝗼𝘂𝗿𝗰𝗲: 𝗩𝗜𝗥𝗘𝗕 𝗝𝘂𝗻𝗲 𝟯, 𝟮𝟬𝟮𝟰 𝗠𝗲𝗱𝗶𝗮 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 (𝗖𝗼𝗻𝗱𝗲𝗻𝘀𝗲𝗱)