January Newsletter 2025

by John Cooper

January 2025

December 2024 was a busier month than expected and there is much optimism about the 2025 real estate market. Anecdotally, I have been meeting with many homeowners who are preparing to make a move. Homeowners who are early to market have a keen advantage and avoid the competition that inevitably arrives in May and June. I can assist you in making a detailed plan that ensures you don't leave any money on the table.

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 (December 2024)*

Vancouver Island (not including Victoria) 227 single-family homes sold. Average price: $816,362 (up 3% from 12 months to date, this year over last). Single-family unit sales volume hasn’t changed. Average days on market increased by 7% to 48 days. The average condo sold for $429,652. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 13% in days on market. Average days to sell is 54 days. The average row/townhouse sold for $587,677. Row/townhouse unit sales are up 15%, 12 months to date. Row/townhouses have seen an increase by 24% in days on market. Average days to sell is 56 days. Lot sales volume is up 5%. Lot prices have decreased by 1%, 12 months to date. Average lot sale price: $444,463. FULL REPORT HERE.

Nanaimo 61 single-family homes sold. Average price: $839,694 (up 2% from 12 months to date, this year over last). Single-family unit sales volume hasn’t changed. Average days on market increased by 11% to 39 days. The average condo sold for $443,069. Condo unit sales are up3%, 12 months to date. Condos have seen an increase by 32% in days on market. Average days to sell is 50 days. The average row/townhouse sold for $560,599. Row/townhouse unit sales are up 11%, 12 months to date. Row/townhouses have seen an increase by 13% in days on market. Average days to sell is 43 days. Lot sales volume is up 26%. Lot prices have increased by 42%, 12 months to date. Average lot sale price: $608,620. FULL REPORT HERE.

Parksville/Qualicum 35 single-family homes sold. Average price: $964,815 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is up 12%. Average days on market increased by 14% to 42 days. The average condo sold for $481,910. Condo unit sales are up 15%, 12 months to date. Condos have seen an increase by 38% in days on market. Average days to sell is 55 days. The average row/townhouse sold for $665,366. Row/townhouse unit sales are up 26%, 12 months to date. Row/townhouses have seen an increase by 21% in days on market. Average days to sell is 48 days. Lot sales volume hasn’t changed. Lot prices have decreased by 23%, 12 months to date. Average lot sale price: $508,182. FULL REPORT HERE.

Cowichan Valley59 single-family homes sold. Average price: $792,698 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is down 3%. Average days on market increased by 4% to 50 days. The average condo sold for $351,446. Condo unit sales are down 13%, 12 months to date. Condos have seen a decrease by 9% in days on market. Average days to sell is 48 days. The average row/townhouse sold for $565,963. Row/townhouse unit sales are up 3%, 12 months to date. Row/townhouses have seen an increase by 31% in days on market. Average days to sell is 67 days. Lot sales volume is down 7%. Lot prices have increased by 12%, 12 months to date. Average lot sale price: $452,347. FULL REPORT HERE.

January Newsletter 2025

by John Cooper

January 2025

Most Recent Market Statistics (December 2024)*

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