Market Information
The value of homes in the mid Island regions of Nanaimo and Ladysmith have shown a stabilizing trend over the past months. With the traditionally strong spring market now happening, we are seeing more inventory thus more competition for sellers so we do not expect prices to rise. We saw a drop in the number of homes sold over the course of 2010 and these numbers are likely to remain similar for 2011 according to the #REMAX Housing Market Outlook for 2011, with very little further drop in the number of homes sold. The improving economy along with the continuing low interest rates will bring an increase in consumer confidence and that should help to bolster sales . The recent changes to mortgage rules are deemed to be minor and not expected to affect many home buyers in a significantly negative way.
For more detailed local information on real estate market trends and the latest sales stats please view the reports below by clicking on the following document links:
Current Ladysmith and Area Graphstats.pdf
Current Nanaimo and Area Graphstats.pdf
Jun-2011 Home Sales Ladysmith and Area.pdf
Jun-2011 Home Sales Nanaimo and Area.pdf
May-2011 Home Sales Ladysmith and Area.pdf
May-2011 Home Sales Nanaimo and Area.pdf
Apr-2011 Home Sales Ladysmith and Area.pdf
Apr-2011 Homes Sales Nanaimo and Areapdf.pdf
Mar-2011 Home Sales Ladysmith and Area.pdf
Mar-2011 Home Sales Nanaimo and Area.pdf
Feb-2011 Home Sales Ladysmith and Area.pdf
Feb-2011 Home Sales Nanaimo and Area.pdf
Jan-2011 Home Sales Ladysmith and Area.pdf
Jan-2011 Home Sales Nanaimo and Area.pdf
Dec-2010 Home Sales Ladysmith and Area.pdf
Dec-2010 Home Sales Nanaimo and Area.pdf
Nov-2010 Home Sales Ladysmith and Area.pdf
Nov-2010 Home Sales Nanaimo and Area.pdf
Oct-2010 Home Sales Ladysmith and Area.pdf
Oct-2010 Home Sales - Nanaimo and Area.pdf
Sep-2010 Home Sales - Ladysmith and Area.pdf
Sep-2010 Home Sales - Nanaimo and Area.pdf
If you are interested in knowing about the Value of Your Home, or other homes in your neighbourhood, please click, call or email to request a FREE no obligation home evaluation.