Alex Galunenko
Linley Valley Dr V9T 0K1 Nanaimo, BC, Canada

Must share this foreclosure listing. One of a kind unfinished dream log home on 32 acres near Nanaimo River. It's been always a dream to have Ocean front home or Log Home similar to this! This made my day)!

NEW LISTING: 2BR/1BA Condo in NANAIMO, BC Address: 103-1912 Bowen Rd. (MLS#858696) This level entry unit shows beautifully with new SS Appliances, laminate flooring, semi-private little green patio from the dining area and Mt. Benson views. Well maintained, access to community garden, centrally located close to all city amenities, Beban and Bowen Parks, Hospital it is perfect for smaller families. Dog or cat welcome with restrictions, rentals are allowed. Contact your Agent to arrange a showing!

FOR SALE 2BR/1BA Condo in NANAIMO, BC Address: 103-1912 Bowen Rd, Nanaimo Click the link below to take a virtual tour. This level entry unit shows beautifully with new SS Appliances, laminate flooring, semi-private little green patio from the dining area and Mt. Benson views. Well maintained, access to community garden, centrally located close to all city amenities, Beban and Bowen Parks, Hospital it is perfect for smaller families. Dog or cat welcome with restrictions..., rentals are allowed. Contact your Agent to arrange a showing! https://my.matterport.com/show/?m=TCBpF7KmG87

FOR SALE IN NANAIMO, BC: 2331 PORCUPINE HILL TRAIL: $350,000 (MLS#857908) Don't miss this 2BR/1BA home on almost 10,000sq.f. freehold land in a desirable Diver Lake. Perfect home for a smaller family or a retiree. This is a very well maintained home with recent upgrades including brand new engineered wood flooring, fresh paints, deck refinished.... Message or call for more details. See more

Nanaimo Single Family Home sales almost doubled in June, 2020 compare to May, 2020 recording 479 homes sold on the MLS. Inventory of single-family homes last month decreased by 23% year over year (1,589 to 1,224). Most challenging price range for Buyers is between $400-600K. June 2020 Single-family Home Benchmark Price was $576,000. A 0.1% increase from May, 2020 largely due to sales in lower price segment. Homes above $700,000 are selling strong but nowhere close to th...e sales dynamics of $400-600 segment. Price reductions are challenging with many homes being sold above asking (again in lower price range segment). More people are inquiring about real estate and potentially planning on moving from larger cities. If you have any questions, need an assistance finding your next Home in Nanaimo or thinking of investing in residential real estate, don't hesitate to contact me! Alex Galunenko Team 3000 Realty E: [email protected] W: lifeontheisland.ca See more

FOR SALE 406 QUATNA RD: $789,000 (MLS#855576) Click on the link below to see more details about this property and walk the 3D tour inside. 4BR/3BA this home offers 3,300+sq.f. of living space. Fully landscape, you will feel like living in a paradise. http://listings.3dvisionservices.com//406-quatna-/skinned/

Use lower interest rates to buy assets that will work for you! Don't buy liabilities, especially in such uncertain times! Educate yourself for free! Knowledge is also your asset) Not all people like this book, but I love "Rich Dad Poor Dad" for it's simplicity and I follow many advices. And its amazing to have it for free on youtube, just put your headphones and listen:)... https://www.youtube.com/watch?v=6quPLkMl7DE&t=1291s

FOR SALE THIS GORGEOUS HOME IN QUALICUM BEACH 406 QUATNA RD: $789,000 Click on the picture to virtually walk inside this home! To see more pictures and to get more details about this home click "learn more" or check MLS#855576. 4BR/3BA this home offers 3,300+sq.f. of living space. Fully landscape, you will feel like living in a paradise.... https://my.matterport.com/show/?m=cLR2t8gE7Vn See more

Latest Nanaimo market update and trends for the month of July, 2020. 3.1% benchmark price of detached single family in Nanaimo, BC 2.8% Duncan, BC 1.7% Port Alberni, BC 1.6% Victoria, BC... 0.9% Vancouver Demand keeps increasing for Single family homes in Nanaimo while the inventory is still very low. Affordable housing prices attract all kinds of investors to this city large and small. In addition to this a larger number of families from big cities are looking at Nanaimo as their next home to raise children, work remotely, semi-retire or retire. Access to beautiful nature, outdoors, Ocean, less density of population makes it a right city to live in. See more

While recent market stats and data are promising and market activity is very high, I urge clients to remember about possible negative risks that may realize in the last quarter of 2020 - beginning on 2021. Knowing more data helps you to make wise, smart purchase and sale decisions. BCREA forecasts an increase of provincial MLS average price to finish the year up 1.8%, and a further 5.6% in 2021. I hope they are taking into account the following risks that may realize this yea...r: - unemployment rate of 13.4% - mortgage deferrals that will end in fall, if not extended - financial COVID government aids will finish - CMHC new rules and policies - potential extension of the ban on evictions Local Island Communities have done amazing with preventing from COVID spread, businesses are continuing to open. Hope this summer we can all enjoy it with our families! For more info or if you are planning on moving to the Island/invest in local real estate I'm happy to help!): C: 778-938-3878. E: [email protected] W: lifeontheisland.ca https://youtu.be/4kU3TrKB_ws

I don't want to doubt CREA forecasting, but I think it is a little too optimistic. I can agree the volume of sales will be higher in 2021, but the MLS average price increasing for 5.6 per cent in 2021... What do you think?) Are they taking into consideration the impact of Mortgage deferrals, massive loss of employment, financial aids given to public in 2020 and many more... There are potential negative risks to realize end of 2020... Hope they won't realize though))))

SOLD WITHIN FIRST 24 HOURS?! There were number of listings in Nanaimo that have benefited from a very low supply/inventory on the market. I copied and pasted only a few of them top off my mind, but there were more. These homes were SOLD first day hitting the market... While many think and debate what's happening with the market and what will happen in the near future I urge my investor type of Clients to stay calm and not become emotional in bidding wars. When the following f...actors will end, market in my opinion will see way higher supply, larger inventory and a comfort of shopping for Buyers: 1) Not many people are willing to list their homes during Pandemics. SUPPLY is very low. 2) Bank Interest Rates are historically low with fixed rates around 2.5% and variables at around 2.2% 3) Mortgage deferrals will postpone properties hitting the market in case where home owners can't afford to pay mortgages due to loss of income. 4) Government finance aids helping tenants pay rents and home owners pay mortgages will end soon. 5) Job loses will play huge factor. At the moment those who fear job loss or even already lost it using their eligibility for mortgage to purchase real estate for investment or to have a home for the family. AND MUCH MORE. Some local markets will suffer more, some less. There always be an opportunity in any market to invest in real estate) You just need to know where and when)

Check-in with your Mortgage Brokers on details - Interest Rates have dropped again. Also, qualifying rates are lowered to allow you more comfort in shopping for a new Home:) Hard to know where the market will lead from now, so unless you can afford to risk on more expensive real estate, my advise to buy most affordable homes especially for investments:)

I can agree to this prediction and data. In my opinion people will be looking outside the large overpriced cities after Covid for a number of reasons to either move or part their capital. Take a minute watch the video. If you are an investor type this may be relevant info for decision making. Though video is about states large cities, similar will apply to Vancouver and Toronto etc... in Canada. https://youtu.be/YEjHImyJb18

Canada may experience higher than normal inflation rates in the near future. Some of us have savings and I bet we want to save it’s values or increase it instead of seeing inflation eating our hard work... There are a number of options of how to invest or save value of our money, one of which has always been real estate. While it is hard to predict the market short term, the safest bet in my opinion is to invest in cheapest most affordable residential real estate. Whether you put your money in a single family home or strata type properties make sure to calculate cash flows. Your investment must have positive cash flows. During pandemics vacant real estate and new construction have seen largest demand on the Island. Call me if you have thoughts on where to save and possibly increase your capital 778-948-3878.

BCREA market update FYI. In short: - BC sales dropped about 50% - Lower supplies, low interest rates and challenges to show properties has lead to slight increase in price during April. But it can be misleading. Very curious to see how the summer will play)... My guess Island will see healthy activity still... https://www.youtube.com/watch?v=ZZRfx5iZ-1c&feature=youtu.be

Newly build homes are starting to come up in one of my favourite new subdivisions in Upper Lantzville, Nanaimo. This home has superb Ocean views and privacy, custom designs and priced at 1,189,000. Find it on MLS, address 7336 HIGH RIDGE CRES, or get in touch to receive property search to be up to date with new listings in Nanaimo.

Nanaimo being a small market with still low supply has seen slight price increase during pandemic in single family segment. Vacant properties and new construction benefitted the most... Read the full article below: https://nanaimonewsnow.com//nanaimo-real-estate-sales-dro/

"Prospect" by Parkshore seems to be one of the most affordable pre-sales in Nanaimo that offers decent Ocean views. If developer vision will realize in full with their multi-phase development of the neighbourhood this may potentially be a good investment long term! Check it out!

This article perfectly explains how agents suppose to make their decisions re their work. Highlights are: 1) As all other businesses stop operations during quarantine; 2) Only if absolutely necessary serve Buyers remotely; have respect to Sellers; attempt to view properties via virtual tours/3D/floor plans etc. 3) Postpone New Listings till after the quarantine is over, unless absolutely necessary or if the property is vacant. And more.... While it is hard to say no to something, make an attempt to adapt your work around it. Stay Safe! https://www.theglobeandmail.com//article-realtors-turning/

First-time buyers/small families/investors! This 1BR/1BA is hitting the market next week. Built in 2018 it has been kept in showroom condition by the original owners. Priced very competitive under 300,000. - rentals/pets allowed - great location right near North Nanaimo Town Centre - elegant interior design... - spacious private balcony - 2-5-10 new home warranty at place For more general info use messenger to reach out or call your agents for more details. See more

Back in the field shopping for all my Buyer clients. The reality is hard for the Buyers again.... 1) Short screened 14 candidate properties for a client 7 day ago! 2) 3 days prior to their visit booked their showings: 6 homes out of 14 were under the offer at that time. 3) By the time Buyer arrived for showings 2 homes were available:) 4) Night after the showings offer was sent. Next day they lost in multiples.... It only indicates market isn't going down))) More likely not staying flat... Do your own math and be educated when shopping nowadays! Pic below is the screen shot for new listings and new SOLDS in Nanaimo area... An opinion you may hear from your agent that market isn't balanced again...