Kim Bihari's Blog

570 Maple Street in Brechin Hill is Sold!

Kim Bihari — Sun, 12 Dec 2010 03:46:00 GMT

Brechin Hill, Nanaimo - The single story at 570 Maple Street has been sold.

Property information

6541 Peregrine Road in North Nanaimo is Sold!

Kim Bihari — Sat, 04 Dec 2010 20:59:00 GMT

North Nanaimo, Nanaimo - The 2 story at 6541 Peregrine Road has been sold.

Property information

November 2010 Sales Data - Nanaimo

Kim Bihari — Sat, 04 Dec 2010 20:34:00 GMT

In Nanaimo, for the period November 2010 compared to the previous month October 2010 sales prices increased 2%, from $338,374 in October to $346,608 in November. The number of days to sell a listing increased 41% from 46 days to 65 days and finally the Average Selling Price/Unit for the 12 months to date November 2009 to November 2010 increased 4% from $350,685 to $365,134. There is currently a 5.7 month supply of homes on the market, which is a 29% decrease from the previous month of October which had an 8 month supply of homes. This is based on 90 homes selling in the month of November and an active inventory of 515 homes.

Single Story For Sale in Brechin Hill

Kim Bihari — Fri, 19 Nov 2010 18:36:00 GMT

Renovated Rancher in Brechin Hill

• 765 sq. ft., 1 bath, 2 bdrm single story - MLS® $229,000 - Get Into The Market

Brechin Hill, Nanaimo - Cute 2 Bedroom and 1 Bath Rancher in Brechin Hill. Nicely updated with newer roof, windows, paint, flooring, lighting, skylight, new kitchen & bathroom. Nice backyard and large 12 x 9 garden shed are a bonus. Rents for $900 per month. Priced sharply, this won't last long.

Property information

2 Story For Sale in North Nanaimo

Kim Bihari — Wed, 20 Oct 2010 21:57:00 GMT

Executive Home with Ocean View

• 3,631 sq. ft., 4 bath, 5 bdrm 2 story - $679,000 - Walk to the BEACH

North Nanaimo, Nanaimo - Executive home with unobstructed panoramic views of the Georgia Strait and Winchelsea Islands. Over 3600 sq ft luxurious living space, it consists of 5 bedrooms + den/recreation room, 4 full bathrooms, living & dining room , Maple kitchen cabinetry, & spice kitchen, Granite countertops nook & adjoining family room. Included is a 2 bedroom in-law basement Legal Suite. Many outstanding features include: hardwood, tile & quality carpet floorings, heat pump and 2 gas fireplaces, Master Bedroom Ensuite with double jacuzzi tub and corner shower, large walk-in & regular closets, beautiful Maple cabinets, Oak spiral staircase, huge front and rear decks. Located within walking distance to all major shopping amenities, all levels of schools, waterfront parks & beaches. This home is immaculate & just like new and the added bonus of No GST. It is a great home with a great view in a great neighbourhood

Property information

2 Story For Sale in Hammond Bay

Kim Bihari — Tue, 05 Oct 2010 21:57:00 GMT

Exceptional Ocean Views

• 2,930 sq. ft., 3 bath, 4 bdrm 2 story - $529,000 - North Nanaimo Beauty

Hammond Bay, Nanaimo - Welcome to 5529 Norton Road, a high-end custom home, built to take advantage of the exceptional ocean views from its large decks, main living area with gas fireplace, kitchen and from the huge master bedroom that boasts another gas fireplace, viewing sundeck and a pampering 4 piece ensuite with soaker tub and separate shower. The ensuite features unique custom tile work that is also prominent in other areas of this home and will be commented on by all who see this artistic design. The cherry wood kitchen is a gourmet’s dream with a gas stove, stainless steel appliances & center isle. As well as soaking up the view the kitchen opens on to a private covered patio and beyond is the backyard – perfect for BBQ’ing and summer fun. The floors are a mix of Brazilian cherry hardwood, custom tile & carpet. 9 ft’ ceilings and tall windows emphasize the abundant natural light & living space in this home. The entrance level has a large media/ family room, 4th bedroom, den and a full 4 piece bathroom. This is a great youth/kid zone or easy space for guests or a home based business. The double oversized garage is heated and the home has economical heat pump and air cooling in the summer. This North End location, on a quiet street, is close to all amenities. This home has been pre-inspected - make a 'confident ' purchase.

Property information

December 2009 Sales Data - Nanaimo

Kim Bihari — Fri, 15 Jan 2010 22:03:00 GMT

In Nanaimo, for the period December 2009 compared to the previous year December 2008, the number of units sold increased 102% from 42 units to 85 units. The number of days to sell a listing decreased 4% from 61 days to 56 days and finally the Average Selling Price/Unit for the 12 months to date December 2008 to December 2009 was down slightly by 4% from $365,444 to $351,286, again, virtually the same as the last 3 months. There is currently a 3.92 month supply of homes on the market, which is a 13% decline from the previous month of November which had a 4.5 month supply of homes. This is based on 85 homes selling in the month of November and an active inventory of 334 homes.

November 2009 Sales Data - Nanaimo

Kim Bihari — Mon, 28 Dec 2009 22:47:00 GMT

In Nanaimo, for the period November 2009 compared to the previous year November 2008, the number of units sold increased 74% from 49 units to 85 units, this is after coming off a 134% increase from the previous month October on a year over year basis. The number of days to sell a listing decreased 18% from 56 days to 46 days and finally the Average Selling Price/Unit for the 12 months to date November 2008 to November 2009 was down slightly by 4% from $366,148 to $350,327, again, virtually the same as the last 3 months. There is currently a 4.5 month supply of homes on the market, which is a 60% increase from the previous month of October which had a 2.8 month supply of homes. This is based on 85 homes selling in the month of November and an active inventory of 386 homes.

June 2009 Sales Data - Nanaimo

Kim Bihari — Fri, 10 Jul 2009 23:35:00 GMT

In Nanaimo, for the period June 2009 compared to the previous year June 2008, the number of units sold increased a whopping 45% from 111 units to 161 units. The number of days to sell a listing increased 50% from 39 days to 59 days and finally the Average Selling Price/Unit for the 12 months to date June 2008 to June 2009 was down slightly by 3% from $361,475 to $351,885. There is currently just over a 3.5 month supply of homes on the market. This is based on 161 homes selling in the month of June and an active inventory of 582 homes.

Chase River Poised For Building Boom

Kim Bihari — Fri, 10 Jul 2009 23:33:00 GMT

For years south-end residents had to trek to the north end of the city to visit popular shopping outlets, but that is about to change. As the building boom moves from north to south, Chase River is poised to be Nanaimo’s next big shopping zone.

With north Nanaimo now almost entirely built out, development is moving south, and more housing is feeding demand for business. The easy to develop properties in the north are no longer there and developers have turned their attention to the south. As the residential development grows the services will follow.

Rona just opened a 35,000 square foot store and a Country Grocer outlet, a pub and liquor store, gyms, a Serious Coffee outlet and a Buckerfield’s have all appeared along with two new gas bars and a retirement home.

Residents not only welcome the convenience but rising property values that have come with shopping nearby.

Two planned communities with a combined total of more than 5,000 new residential units, Sandstone and Oceanview Golf Resort & Spa (formerly Cable Bay), are in the works. The developers behind Sandstone and Oceanview are currently putting together master plans for their respective subdivisions.

The challenge, according to city planning manager, Dale Lindsey, is creating “sustainable communities” where people can live, play, work, and shop.

This is just another example of the long term success that this area holds.

May 2009 Sales Data - Nanaimo

Kim Bihari — Fri, 19 Jun 2009 18:14:00 GMT

In Nanaimo, for the period May 2009 compared to the previous year May 2008, the number of units sold decreased 12% from 141 units to 124 units. The number of days to sell a listing increased 39% from 42 days to 58 days and finally the Average Selling Price/Unit for the 12 months to date May 2008 to May 2009 was relatively unchanged from $357,895 to $356,623. There is currently a 5 month supply of homes on the market, which equals the previous month of April which also had a 5 month supply homes. This is based on 124 homes selling in the month of May and an active inventory of 631 homes currently.

VIREB - May 2009 Prices

Kim Bihari — Fri, 19 Jun 2009 17:42:00 GMT

Average sale prices across VIREB's six zones, from May 2008 to May 2009 are as follows: Campbell River was down 17% (to $280,261), the Comox Valley was down 14% (to $327,844), Cowichan Valley was down 9% (to $343,856), Nanaimo decreased only 6% (to $341,462), Parksville/Qualicum was down 14% (to $346,113) and Port Alberni had declined 3% (to $227,830).

VIREB - May 2009 Sales Figures

Kim Bihari — Fri, 19 Jun 2009 17:39:00 GMT

Data released by the Vancouver Island Real Estate Board (VIREB) for May 2009 showed sales volume continuing its trend of decreases over this time last year, with prices also declining on a month over month basis. The average sale price across the VIREB region, (Campbell River, Comox Valley, Nanaimo, Parksville/Qualicum and Port Alberni), for May 2009 was $323,573. This represents a 10% decline from the $359,078 posted at the end of May 2008. Sales volume however, increased 18% compared to the previous month of April 2009, and pretty much equaled the number of sales for the previous period 2009 compared to 2008 with 447 sales for May 2009 compared to 448 sales for May 2008.

Airport Expansion On Track

Kim Bihari — Fri, 19 Jun 2009 17:34:00 GMT

The extension of the Nanaimo Airport runway is moving ahead as scheduled. Contractors broke ground in early April and a recent conversation I had with Mike Hooper, Nanaimo Airport’s President and CEO, confirmed that the expansion is currently under budget and running only 1 week behind the November 2009 completion date.

When completed the runway will pave the way for a range of jet aircraft up to and including Boeing 737, which seats more than 130 passengers and has a range exceeding 10,000 kilometers.

The type of regional range jets actually servicing Nanaimo will ultimately be market driven. Higher capacity, longer-range aircraft are sure to be needed as more passengers pass through the airport due to Vancouver Island’s continued population and business growth. Passenger traffic could hit 334,000 annually by 2026.

Nanaimo Airport’s reliability issue is also being addressed. Because the airport must often halt flights when the runway is obscured by fog and other foul weather conditions, new lighting, that will guide aircraft onto the runway during their final approach, and an instrument landing system are being installed.

· In 2006 Nanaimo Airport contributed to 584 jobs and generated gross revenues totaling $41 million for the B.C. economy.

· An economic impact study forecasts with completion of the runway extension and infrastructure upgrades, Nanaimo Airport is expected to contribute to 857 jobs and generate $59.4 million by 2011.

· With higher capacity jet aircraft, an estimated 204,000 passengers will pass through Nanaimo Airport in 2011— up from 137,000 passengers for 2006.

· The Airport is expected to become a major economic driver for the Nanaimo region. A forecast for 2026 estimates it will generate $122 million in total annual revenue and sustain 1,617 jobs.

Kim Bihari - Top 50 In Western Canada

Kim Bihari — Mon, 25 May 2009 19:57:00 GMT

The latest figures were just released for RE/MAX of Western Canada for the 1st Quarter of 2009, and Kim Bihari from RE/MAX of Nanaimo was ranked #50 out of over 5,650 RE/MAX realtors in Western Canada. This also placed Kim as the #1 RE/MAX agent for Vancouver Island and RE/MAX of Nanaimo. Quite an accomplishment when you consider Kim only started as a realtor and has lived in Nanaimo for less than three (3) years. So far in 2009, Kim has SOLD a home every 5 days!