Housing Market Shifts to Multi-Family Properties in September
Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively.
Last month, 345 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 413 the previous month and 347 in September 2018. In the apartment category, 85 units sold last month, while 51 townhouses changed hands in September.
In the VIREB area, inventory of single-family homes in September rose by 14 per cent from one year ago (1,283 to 1,466). Active listings of apartments increased by 43 per cent (293 to 419) year over year while townhouse inventory dropped by 18 per cent (171 to 140).
On May 11, 2019, Royal LePage Nanaimo Realty will host the 11th Annual National Garage Sale in support of the Royal LePage Shelter Foundation.
This event will bring the community together to raise much-needed funds and awareness to help break the cycle of family violence. Proceeds will be directed to Nanaimo’s local women’s shelter, Haven Society:
Where: Royal LePage Nanaimo Realty parking lot
Time: 9 a.m. to noon
Date: Saturday, May 11th
Donations kindly accepted. We cannot accept mattresses, clothing or large furniture items. If you are wanting to donate items or volunteer please reach out at 250-713-7064 or email me at: email@example.com
Royal LePage Nanaimo Realty’s office is hosting this event because…