Nanaimo-Info-blog: Nanaimo Vancouver Island & Canadian House Prices April 2009

Nanaimo House Prices Off By 6%
April 09 to April 08
Up 5.4% April 09 to March 09

Based on average MLS sales summaries for Nanaimo and other Canadian cities for April 2009.

National Average
April 09 – $306,366
April 08 – $316,438

Victoria BC
April 09 – $455,143
April 08 – $494,204

Vancouver BC
April 09 – $565,003
April 08 – $615,304

Calgary
April 09 – $371,995
April 08 – $414,006

Regina
April 09 – $247,907
April 08 – $248,039
Toronto
April 09 – $385,641
April 08 – $398,687

Ottawa
April 09 – $298,593
April 08 – $295,909

Nanaimo
April 09 – $352,555
April 08 – $373,134
Units Sold
April 09 – 119
April 08 – 164

Remember these are ‘average’ house sales prices and do not necessarily reflect what the actual market value is of your property. For an accurate evaluation of your property you need to contact a real estate agent who is knowledgeable or a professional appraiser.

Averages are however helpful in identifying trends and clearly, real estate is not selling for what is was a year ago, which was over valued most likely. It is good news for first time home buyers, lower prices combined with record low mortgage rates in some cases make buying more attractive than continuing to rent.

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