August Newsletter 2025

by John Cooper

Last week saw a slight decline in the number of new single-family homes introduced to the market in Nanaimo, with 31 homes being listed, down from 44 last week. Sales of Nanaimo single-family homes also declined, with 23 homes selling last week, down from 31 the week prior.

I am witnessing 2 distinct markets. Homes priced under $1,100,000 are selling fairly quickly, and market conditions favour sellers. For homes priced between $1,100,000 and $1,500,000, market conditions are favouring buyers. Accurate pricing is getting attention. Inflated pricing is getting none.

Interested in Your Home's Value?

The time for 2025 real estate planning is now! Email me for a personalized market assessment. I respond to every inquiry personally and prioritize open communication with my clients. I'm here to help!

John Cooper
250.619.9207
john@johncooper.ca

Most Recent Market Statistics (July 2025)*

Vancouver Island (not including Victoria)

420 single-family homes sold. Average price: $825,817 (up 1.5% from 12 months to date, this year over last). Single-family unit sales volume isup 15%. Average days on market increased by 16% to 50 days. The average condo sold for $434,798. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 20% in days on market. Average days to sell is 59 days. The average row/townhouse sold for $580,124. Row/townhouse unit sales are up 7.5%,12 months to date. Row/townhouses have seen an increase by 8% in days on market. Average days to sell is 54 days. Lot sales volume is up 8%. Lot prices have decreased by 3%, 12 months to date. Average lot sale price: $450,351.

 
 

Nanaimo

181 single-family homes sold. Average price: $850,130 (up 2% from 12 months to date, this year over last). Single-family unit sales volume is up 12%. Average days on market increased by 20% to 42 days. The average condo sold for $443,415. Condo unit sales are up 10%,12 months to date. Condos have seen an increase by 16% in days on market. Average days to sell is 50 days. The average row/townhouse sold for $549,101. Row/townhouse unit sales have decreased by 2%, 12 months to date. Row/townhouses have seen a decrease by 9% in days on market. Average days to sell is 39 days. Lot sales volume is down 8.5%. Lot prices have increased by 10%, 12 months to date. Average lot sale price: $557,696.

 
 

Parksville/Qualicum

69 single-family homes sold. Average price: $955,576 (down 1% from 12 months to date, this year over last). Single-family unit sales volume isup 18%. Average days on market increased by 13% to 42 days. The average condo sold for $490,322. Condo unit sales are decreased by 7%, 12 months to date. Condos have seen an increase by 4% in days on market. Average days to sell is 51 days. The average row/townhouse sold for $675,566. Row/townhouse unit sales are up 8%, 12 months to date. Row/townhouses have seen an increase by 33% in days on market. Average days to sell is 52 days. Lot sales volume is down 11%. Lot prices have decrease by 6%, 12 months to date. Average lot sale price: $552,053.

 
 

Cowichan Valley

64 single-family homes sold. Average price: $806,317 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 19%. Average days on market increased by 21% to 52 days. The average condo sold for $353,438. Condo unit sales are down 26%,12 months to date. Condos have seen an increase of 30% in days on market. Average days to sell is 56 days. The average row/townhouse sold for $567,170. Row/townhouse unit sales are increased by11%, 12 months to date. Row/townhouses have seen a decrease by 11% in days on market. Average days to sell is 56 days. Lot sales volume is down 17%. Lot prices have increased by 7%, 12 months to date. Average lot sale price: $468,260.

 

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