Category Archives: Market Updates

These are Market Statistic updates for the Nanaimo and Cowichan Valley Regions. Lorne Gait — realtor with Coast Realty Group — focusses on Ladysmith Real Estate but is familiar with the larger region and helps Buyers and Sellers from Mill Bay through Nanoose Bay.

Ladysmith Real Estate Statistics for December 2012 and 2013 Market Forcast

The Vancouver Island Real Estate Board December 2012 stats are now published for the Cowichan Valley, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.  Lorne Gait — a realtor serving the broader regions but focusing on Ladysmith Real Estate — shares his view of things with a focus on 2012 as a year in review and on the 2013 market forecast.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

December 2012 Cowichan Stats

December 2012 Nanaimo Stats

Lorne’s Take on Things

Now we are deep into the Winter Real Estate Season and we are moving rapidly toward the Spring 2013 Real Estate Market. I believe we will have a good spring and that sharply priced listings will sell. The Market is tilted toward being a Buyer’s market. Prices have been in moderate decline during the last part of 2012. A new level of pricing will achieve results this Spring. It remains a great time to Buy a home. It is also a great time to sell and then to buy in the same market. If you need help, Please let Lorne–a Ladysmith Real Estate expert help you find answers at lorne [at] lornegait [dot] com

Hot off the press . . . Ladysmith Real Estate Statistics for (November 2012)

The Vancouver Island Real Estate Board November 2012 stats are now published for the Cowichan Valley Real Estate Region, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.  These stats take into consideration the Real Estate Market through the end of October. Lorne Gait — a realtor serving the broader regions but focusing on Ladysmith Real Estate — shares his view of things.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

10-oct_12_nanaimo_graphstats

10-oct_12_cowichan_valley_graphstats

Lorne’s Take on Things

Now we are now deep into the fall season of the year.  We are now headed into what would be considered the slower time of the year. Since summer the market is continuing to decline. That pattern will likely continue through to Spring. The best way to describe the market is that it is level slightly declining–not plummeting. It remains a great time to Buy a home. It is an ok time to sell a home.  If you need help, Please let Lorne–a Ladysmith Real Estate expert help you find answers at lorne [at] lornegait [dot] com

Hot off the press . . . Ladysmith Real Estate Statistics for (September 2012)

The Vancouver Island Real Estate Board September 2012 stats are now published for the Cowichan Valley Real Estate Region, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.  Lorne Gait — a realtor serving the broader regions but focusing on Ladysmith Real Estate — shares his view of things.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

September 2012 Cowichan Valley Statistics

September 2012 Nanaimo Real Estate Statistics

Lorne’s Take on Things

Now we are into a beautiful fall season.  Usually sales improve this time of year through till December. The market is level slightly declining. It is not doom and gloom. It is level slightly declining–not plummeting. It remains a great time to Buy a home. It is an ok time to sell a home.  If you need help, Please let Lorne–a Ladysmith Real Estate expert help you find answers at lorne [at] lornegait [dot] com

Hot off the press . . . Ladysmith Real Estate Statistics for (July 2012)

The Vancouver Island Real Estate Board July 2012 stats are now published for the Cowichan Valley Real Estate Region, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.  Lorne Gait — a realtor serving the broader regions but focusing on Ladysmith Real Estate — shares his view of things.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

July 2012 Cowichan Valley Real Estate Statistics

July 2012 Nanaimo Real Estate Statistics

Lorne’s Take on Things

Now we are in the dog days of summer.  Sales are poised to improve as we head into fall. The market has been level slightly declining. It certainly is not doom and gloom.  We live in a great place and we have a stable real estate market.  It is a fantastic time to Buy Real Estate investments.  It is an OK time to sell Real Estate investments.  If you need help, Please let Lorne–a Ladysmith Real Estate expert help you find answers at lorne [at] lornegait [dot] com

Hot off the press — Real Estate Stats – Cowichan Valley & Nanaimo (June 2012)

The Vancouver Island Real Estate Board June 2012 stats are now published for the Cowichan Valley District, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

Lorne’s Take on Things

Summer is upon us.   Sales are slowing as is normal for the season after a good spring. The market is level slightly declining. It certainly is not doom and gloom.  We live in a great place and we have a stable real estate market.  It is a fantastic time to Buy Real Estate investments.  Some would even say the market is tilting toward being a Buyer’s market. However, it is clear from the stats that if Sellers price correctly, they will sell. Please let Lorne know you have questions at lorne [at] lornegait [dot] com

Hot off the press — Real Estate Stats – Cowichan Valley & Nanaimo (Apr 2012)

The Vancouver Island Real Estate Board April 2012 stats are now published for the Cowichan Valley District, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

Lorne’s Take on Things

Definitely Spring is here.   Sales are picking up in most categories after a slow start to Spring.  It certainly is not doom and gloom.  We live in a great place and we have a stable real estate market.  It is a fantastic time to Buy Real Estate investments.  It is an OK time to Sell. Please let Lorne know you have questions

Real Estate Stats – Cowichan Valley & Nanaimo (Mar 2012)

The Vancouver Island Real Estate Board March 2012 stats are now published for the Cowichan Valley District, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

Lorne’s Take on Things

March stats tell us the Market is stable.  There are a few more listings listings than the previous year and a few less sales than the previous year.  This gives Buyers a bit of an edge as the Spring market begins.  It is a great time to buy real estate on Vancouver Island generally and in Ladysmith specifically.

Please let Lorne know you have questions.

Real Estate Stats – Cowichan Valley & Nanaimo (Feb 2012)

The Vancouver Island Real Estate Board February 2012 stats are now published for the Cowichan Valley District, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

Lorne’s Take on Things

Let’s put some text here about Lorne’s assessment of these 2 reports. What do they mean?

Please let Lorne know you have questions.

What a Steady 2012 Real Estate Market Means for You

The Canada Mortgage and Housing Corporation has recently indicated that the market will remain steady in 2012., according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2012 Housing Market Outlook, Canada Edition.

“With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011,” said Mathieu Laberge, Deputy Chief Economist for CMHC.

The average MLS® price is forecast to be between $330,000 and $410,000 in 2012 and between $335,000 and $430,000 in 2013. CMHC’s point forecast for the average MLS® price is $368,900 for 2012 and $379,000 for 2013. The moderate increases in the average MLS® price are consistent with the balanced market conditions that occurred in 2011, and that are expected to continue in 2012 and 2013.

What Does This Mean for You?

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