Home Real Estate Nanaimo Real Estate Market Report: January 2022 | NanaimoNewsNOW

Nanaimo Real Estate Market Report: January 2022 | NanaimoNewsNOW

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By Caitlin Lundgren

NREMR: January 2022

Feb 3, 2022 | 11:04 AM

NANAIMO – New year brings slight inventory increase.

In January, 220 single-family detached properties sold, a 22 per cent decrease from one year ago.

The housing market on Vancouver Island continues to see historically low inventory and rising prices.

The average sale price for Nanaimo single-family homes reached a historic high at $1,003,705, a 16 per cent increase from the previous month and 32 per cent higher than January 2021.

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