December 2025 Newsletter

by John Cooper

December 2025

The ‘12 months to date’ statistics now include most of 2025 and it is very interesting to observe how it compares to 2024. Some of the most notable observations are contrary to the popular Canadian real estate narrative. Total inventory has stayed very similar to 2024 levels (units listed up a modest 1.7% 12 MTD). Both unit sales and total $ sales are up 10% over 2024. And prices are up 1.23%. By virtually every measure, 2025 performed BETTER than 2024. Local knowledge matters. Don't get swayed by inaccurate reports.

Last week Nanaimo saw 21 single family homes get introduced to the market. This was a decrease from the previous week’s total of 32. Sales were slightly lower this week, compared to last, with 15 single family homes selling in Nanaimo last week. This was down from 19 sales in the previous week.

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Just like monitoring the value of your investment portfolio, it is important to monitor the value of your real estate holdings. Your BC Assessment Value should never be relied upon for financial decisions. 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 (November 2025)*

Vancouver Island (not including Victoria)

259 single-family homes sold. Average price: $828,680 (up 1.5% from 12 months to date, this year over last). Single-family unit sales volume is up 8%. Average days on market increased by 4% to 49 days. The average condo sold for $428,523. Condo unit sales are down 5%, 12 months to date. Condos have seen an increased of 17% in days on market. Average days to sell is 62 days. The average row/townhouse sold for $577,723. Row/townhouse unit sales are down 5%, 12 months to date. Row/townhouses have seen a increase of 4% in days on market. Average days to sell is 56 days. Lot sales volume is down 4%. Lot prices have increased by 8%, 12 months to date. Average lot sale price: $478,171.

Nanaimo

73 single-family homes sold. Average price: $852,169 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 10%. Average days on market increased by 11% to 42 days. The average condo sold for $440,806. Condo unit sales are up 2%, 12 months to date. Condos have seen no change in days on market. Average days to sell is 48 days. The average row/townhouse sold for $567,090. Row/townhouse unit sales are decreased by 8%, 12 months to date. Row/townhouses have seen a decrease of 5% in days on market. Average days to sell is 41 days. Lot sales volume has seen no change. Lot prices have decreased by 14%, 12 months to date. Average lot sale price: $516,380.

Parksville/Qualicum

34 single-family homes sold. Average price: $958,003 (down 1% from 12 months to date, this year over last). Single-family unit sales volume is up 4%. Average days on market decrease by 7% to 39 days. The average condo sold for $507,202. Condo unit sales are decreased by 36%, 12 months to date. Condos have seen a decrease of 17% in days on market. Average days to sell is 45 days. The average row/townhouse sold for $692,485. Row/townhouse unit sales are down 9%, 12 months to date. Row/townhouses have seen a increase of 32% in days on market. Average days to sell is 58 days. Lot sales volume is down 8%. Lot prices have increased by 1%, 12 months to date. Average lot sale price: $534,402.

Cowichan Valley

46 single-family homes sold. Average price: $814,347 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is up 7%. Average days on market increased by 2% to 49 days. The average condo sold for $349,252. Condo unit sales are down 6%, 12 months to date. Condos have seen a increase of 39% in days on market. Average days to sell is 64 days. The average row/townhouse sold for $559,305. Row/townhouse unit sales have decreased by 4%, 12 months to date. Row/townhouses have seen a decreased of 8% in days on market. Average days to sell is 60 days. Lot sales volume is down 29%. Lot prices have decreased by 8%, 12 months to date. Average lot sale price: $509,999.

FULL REPORTS HERE

Notable New Listings

I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5259 Lost Lake Rd a 3 bed, 2 bath, 2,380 sqft North Nanaimo home listed for $624,900 ($263/sqft), 2477 Enefer Rd a 7 bed, 7 bath, 3,935 sqft Cedar home listed for $1,150,000 ($292/sqft), 5350 Metral Dr a 5 bed, 3 bath, 2,989 sqft Pleasant Valley home listed for $899,900 ($301/sqft).

The 3 homes listed this week with the highest $/sqft are 2328 Yellow Point Rd a 3 bed, 2 bath, 1,500 sqft Cedar home listed for $1,099,000 ($733/sqft), 24 Watkins St a 2 bed, 1 bath, 890 sqft South Nanaimo home listed for $550,000 ($618/sqft), 7896 Lantzville Rd a 5 bed, 4 bath, 2,625 sqft Lower Lantzville home listed for $1,395,000 ($531/sqft).

The 3 homes priced the most below their assessed value are 5259 Lost Lake Rd a 3 bed, 2 bath, 2,380 sqft North Nanaimo home listed for $624,900 (20% below its tax-assessed value), 2328 Yellow Point Rd a 3 bed, 2 bath, 1,500 sqft Cedar home listed for $1,099,000 (17% below its tax-assessed value), 2477 Enefer Rd a 7 bed, 7 bath, 3,935 sqft Cedar home listed for $1,150,000 (20% below its tax-assessed value).

The 3 least expensive new listings this week are 24 Watkins St a 2 bed, 1 bath, 890 sqft South Nanaimo home listed for $550,000. 5259 Lost Lake Rd a 3 bed, 2 bath, 2,380 sqft North Nanaimo home listed for $624,900. 355 Cambie Rd a 3 bed, 3 bath, 1,764 sqft South Nanaimo home listed for $739,900.

The 3 most expensive new listings this week are 3281 McGuire Way a 5 bed, 5 bath, 890 sqft Cedar home listed for $2,130,000. 2687 Jingle Pot Rd a 7 bed, 7 bath, 3,464 sqft South Jingle Pot home listed for $1,800,000. 4648 Sheridan Ridge Rd a 6 bed, 5 bath, 3,995 sqft North Nanaimo home listed for $1,499,000.

Notable New Sales

The 3 buyers that secured the largest discounts this week are the buyers of 206 Concordia Pl who secured a 21% discount off the $1,199,900 asking price (sale price $950,000). The buyers of 1011 St. David Cres who secured a 14% discount off the $425,000 asking price (sale price $365,000). The buyers of 2401 Cosgrove Cres who secured a 8% discount off the $775,000 asking price (sale price $712,000).

The 3 highest cost per sqft sales this week were 6324 Icarus Dr a 3 bed, 2 bath, 1,448 sqft North Nanaimo home sold for $1,300,000 ($898/sqft), 1011 St. David Cres a 2 bed, 1 bath, 708 sqft Central Nanaimo home sold for $365,000 ($516/sqft), 5464 Altavista Dr a 3 bed, 3 bath, 2,083 sqft North Nanaimo home sold for $960,000 ($461/sqft).

The 3 highest sales this week were 6324 Icarus Dr a 3 bed, 2 bath, 1,448 sqft North Nanaimo home sold for $1,300,000. 3573 Monterey Dr a 4 bed, 3 bath, 2,878 sqft North Jingle Pot home sold for $1,200,000. 1960 Emma Way a 4 bed, 3 bath, 2,271 sqft Cedar home sold for $1,025,000.

If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price.

This week in John’s life

November ended with a bang as our team sold 5 homes in the last 4 days. Nice way to finish off 2025. We also held a half day strategic planning session with the team. We set our goals for 2026 and refined our business development plans. The team and I are very excited about 2026 and how we can show up for our community.

I attended the eXp Holiday Party at Melange restaurant last week. There was great food and good music. This past weekend my girls and I spent the weekend in Vancouver. We spent some time with my brother and sister along with a whole bunch of holiday shopping Downtown. The city was packed and the holiday spirit was in full display.

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December 2025 Newsletter

by John Cooper

December 2025

Most Recent Market Statistics (November 2025)*

This week in John’s life

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