Vancouver Island Real Estate Continues Steady Market Growth Throughout Summer 2013

Posted on Aug 7, 2013

Family in front of homeExcerpt from VIREB Media Release

NANAIMO, BC – Multiple Listing Service® (MLS®) sales summary data for July released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity across Vancouver Island was up 12 per cent compared to last year, while average sale prices remained relatively stable. The average price of a single family home sold within the VIREB region in July 2013 was $333,056, which is comparable to the $334,530 average sale price recorded in July 2012. There was also a 12 per cent increase in unit sales for July 2013, where 433 units were recorded, in comparison to July 2012, when 385 single family homes sold.

At the end of July 2013 there were 2,945 single family homes available on the Multiple Listing Service® within VIREB’s coverage area, down from the 3,317 homes in the system at the end of July 2012.

In terms of unit sales year-to-year, there continued to be large variances among our different areas: Campbell River witnessed huge growth, reporting an 87% increase; Comox Valley unit sales increased by 12%; Nanaimo sales dipped 1%; Parksville/Qualicum sales rose 2%; Cowichan Valley saw a 25% increase, and sales for Port Alberni/West Coast remained virtually unchanged from last year.

“There are a number of projects underway in the Campbell River area, and it seems this construction activity is directly contributing to the growth in their housing market,” said VIREB President, Gary Gray “This is a good example of what economic drivers can do to the market,” he stated.

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Need a Place to Store Your Summer Toys? AA Mini Storage Has Boat and RV Storage in Nanaimo

Posted on Jul 15, 2013

Whether It’s moving, relocating or storing your big toys or office equipment, AA Mini Storage in Nanaimo has the solution for your self storage needs. Nanaimo’s AA Mini Storage features a variety of self storage options for businesses and households, including vehicle and RV storage, heated units and drive-up storage units. These Nanaimo self storage rental units range from 5x5x5 to 20×30.

AA Mini Storage offers multiple levels of security, with video surveillance, gated access, and helpful, friendly resident managers on site. AA Mini Storage offers convenience as well. The units are available 7 days a week and with drive-up doors available on 10x10x10 units and larger, your storage locker is always easily accessible.

AA Mini Storage has a variety of self storage units, suitable for storing anything from business equipment and the contents of a house, to boat storage and RV storage

Contact AA Mini Storage in Nanaimo at 250.758.7442.

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Nanaimo’s AA Mini Storage Has Your Home and Office Storage Solutions

Posted on Jun 6, 2013

AA Mini Storage Nanaimo Nanaimo’s AA Mini Storage features a variety of self storage options for businesses and households, including vehicle and RV storage, heated units and drive-up storage units. These Nanaimo self storage rental units range from 5x5x5 to 20×30.

AA Mini Storage offers multiple levels of security, with video surveillance, gated access, and helpful, friendly resident managers on site. AA Mini Storage offers convenience as well. The units are available 7 days a week and with drive-up doors available on 10x10x10 units and larger, your storage locker is always easily accessible.

AA Mini Storage has a variety of self storage units, suitable for storing anything from business equipment and the contents of a house, to boat storage and RV storage

Contact AA Mini Storage in Nanaimo at 250.758.7442 and ask about their special offers, including one month free for any self storage unit rentals of two months or more.

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Vancouver Island Real Estate Numbers Showed Improvement in May

Posted on Jun 3, 2013

New Vancouver Island real estateMultiple Listing Service (MLS) sales summary data for May released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity across Vancouver Island was up 8% compared to last year, while average sale prices were comparable. The average price of a single family home sold within the VIREB region in May 2013 was $342,395 remaining close to average price for May 2012 at $343,662.  In May 2012 there were 418 single family homes sold, in comparison to the 8% increase for May 2013 where 451 unit sales were recorded.

“Since the beginning of the year, we’ve experienced increased levels of month over month activity, and anticipate that we will continue to see modest market growth through to the end of the year,” said Cameron Muir, chief economist of the British Columbia Real Estate Association.

“Currently, the market is generally balanced, with lower inventory levels keeping supply and demand in-check,” explained Gary Gray, president of VIREB. “This is reflected by relatively flat pricing across the board.”

At the end of May 2013 there were 2,905 single family homes available on the Multiple Listing Service® within VIREB’s coverage area, down from the 3,324 homes in the system at the end of May 2012.

Comparing May 2013 to May 2012, the average sale prices across VIREB’s six geographic areas saw: Campbell River decrease 3% to $296,773; the Comox Valley was down 2% to $355,515; Nanaimo’s average sales price was up 2% to$357,443; Parksville/Qualicum prices were down 6% to $388,650; Port Alberni/West Coast was up 13% at $228,487, while the Cowichan Valley was down 5% to $340,712.

In terms of unit sales year to year there continued to be a wide disparity between the different geographical areas: Campbell River recorded a 30% increase, Comox Valley unit sales were close to last year decreasing by only 1%, Nanaimo recorded a 12% increase, Parksville/Qualicum sales were up 33%, Port Alberni/West Coast increased 11% and Cowichan Valley sales decreased 16%.

Submitted byVIREB

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AA Mini Storage in Nanaimo has Your Home and Office Storage Solutions

Posted on May 21, 2013

Nanaimo Self StorageNanaimo’s AA Mini Storage is currently offering one month free for any self storage unit rentals of two or more months. Nanaimo’s AA Mini Storage features a variety of self storage options for businesses and households, including vehicle and RV storage, heated units and drive-up storage units.

AA Mini Storage offers multiple levels of security, with video surveillance, gated access, and helpful, friendly resident managers on site. AA Mini Storage offers convenience as well. The units are available 7 days a week and with drive-up doors available on 10x10x10 units and larger, your storage locker is always easily accessible. These Nanaimo self storage rental units range from 5x5x5 to 20×30.

AA Mini Storage has a variety of self storage units, suitable for storing anything from business equipment and the contents of a house, to boat storage and RV storage. Create more room in your home or office, with off-site storage in Nanaimo.

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Real Estate Options Abound at Vancouver Island Golf and Marina Community Fairwinds in Nanoose Bay

Posted on May 16, 2013

Lots for sale at Fariwinds in Nanoose BayThree ocean and golf course view lots remain for sale at Bonnington Ridge in the Fairwinds community in Nanoose Bay. These Vancouver Island golf course lots for sale are set on a quite cul-de-sac and some feature ocean views. Located a short walk from the amenities at Fairwinds Centre, the lots at Bonnington Ridge start at $240,000.

A fourth lot for sale at Fairwinds is located nearby at Bonnington Heights and listed at $159,000.

The Fairwinds community also offers patio homes for sale in Rockcliffe Park, a distinctive collection of luxury detached residences located in this spectacular oceanfront community on Vancouver Island. Rockcliffe Park features fine quality craftsmanship and award-winning interior designs, which create tranquil, casually elegant residences that blend seamlessly into their surroundings. Award-winning design and quality construction combine timeless elegance with the best in modern finishes.

Covering approximately 1,350 acres of lush countryside, Fairwinds has an abundance of wildlife surrounding the natural landscapes. The new, executive west coast homes in the surrounding master-planned community integrate luxury living with the natural beauty and tranquility of the area.

Just 15 minutes north of Nanaimo, on the east side of Vancouver Island, Fairwinds offers one of the best climates in Canada.  With the outdoor space and features including a spectacular golf club, Schooner Cove Marina and a recreational fitness facility, Bonnington Ridge at Fairwinds is the destination of choice for those seeking a luxurious West Coast lifestyle. Stop by their sales centre to learn more.

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