Nanaimo Sellers Guide

Nanaimo is a larger, modern city situated in the heart of Vancouver Island. It provides a wide range of benefits to residents including its abundant outdoor activities, commercial opportunities, and quality schools. For those hoping to sell real estate in Nanaimo, the good news is the market is moving along steadily and finding buyers is more than possible to do.

About Nanaimo

A few key things can help be selling points for those with real estate in Nanaimo to sell. It is a traditional West Coast community with ample recreation, modern lifestyles, and impressive views. The city is very easy to access from Vancouver by plane or ferry. What's more, this area is well known as a tourism destination. This opens the door for even more selling opportunities for property owners.

As the second largest city on Vancouver Island, it offers an interesting combination of urban lifestyle in a vibrantly beautiful natural setting. The downtown area offers many commercial opportunities including the Vancouver Island Conference Centre and the thriving Fitzwilliam Street area.

Real Estate Trends in Nanaimo, BC

Because of its diversity and 84,000 people, the city of Nanaimo offers a wide range of real estate options for home buyers. Take a look at some key points from October 2015.

  • About 1,528 homes sold from October of 2014 through October of 2015.
  • Home sale prices rose to about $385,099 about a 1% increase year-over-year.
  • About 380 active single family homes were listed on the market in October which is down from the 443 listed last year at this time.

Nanaimo real estate values are growing. The area remains affordable enough, though, to attract a large number of home buyers allowing for faster than average sale times. Depending on the location of the property, such as those overlooking the Strait of Georgia or those with mountain views, will fetch significantly more than inland properties. The demand for quality properties is on the rise from locals as well as those from around the West Coast looking for a piece of paradise to call home. Vancouver Island's allure, natural beauty, and growing economic area are all key reasons this area continues to see growth in sales.

 

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