July Newsletter 2025

Last week, 58 new single family homes were introduced to the Nanaimo real estate market. That's an increase of only 2 homes from the previous week. Sales have seen a significant decrease with only 26 homes selling, compared to 38 homes selling the previous week. 

Overall, the market is cautiously holding. There are signs of subtle downward pressure on values for homes above $1,200,000. 

Interested in Your Home's Value?

Accurate information forms the basis of good decision making. 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 (June 2025)*

Vancouver Island (not including Victoria) 

474 single-family homes sold. Average price: $821,739 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 12%. Average days on market increased by 16% to 50 days. The average condo sold for $438,203. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 18% in days on market. Average days to sell is 58 days. The average row/townhouse sold for $582,845. Row/townhouse unit sales are up 10%, 12 months to date. Row/townhouses have seen an increase by 10% in days on market. Average days to sell is 53 days. Lot sales volume is up 6%. Lot prices have decreased by 2%, 12 months to date. Average lot sale price: $458,919. FULL REPORT HERE.

Nanaimo 

151 single-family homes sold. Average price: $847,533 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 9%. Average days on market increased by 21% to 41 days. The average condo sold for $452,101. Condo unit sales are up 11%, 12 months to date. Condos have seen an increase by 21% in days on market. Average days to sell is 50 days. The average row/townhouse sold for $553,501. Row/townhouse unit sales are up 3%, 12 months to date. Row/townhouses have seen a decrease by 7% in days on market. Average days to sell is 39 days. Lot sales volume is up 9%. Lot prices have increased by18%, 12 months to date. Average lot sale price: $575,284. FULL REPORT HERE. 

Parksville/Qualicum 

58 single-family homes sold. Average price: $950,447 (down 2% from 12 months to date, this year over last). Single-family unit sales volume is up 18%. Average days on market increased by 14% to 42 days. The average condo sold for $492,411. Condo unit sales have decreased by 6%, 12 months to date. Condos have seen an increase by 15% in days on market. Average days to sell is 53 days. The average row/townhouse sold for $668,530. Row/townhouse unit sales are up 25%, 12 months to date. Row/townhouses have seen an increase by 50% in days on market. Average days to sell is 51 days. Lot sales volume is down 9%. Lot prices have decreased by 6%, 12 months to date. Average lot sale price: $552,481. FULL REPORT HERE.

Cowichan Valley

79 single-family homes sold. Average price: $802,167 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 16%. Average days on market increased by 20% to 53 days. The average condo sold for $358,621. Condo unit sales are down 22%, 12 months to date. Condos have seen an increase by 6% in days on market. Average days to sell is 52 days. The average row/townhouse sold for $563,885. Row/townhouse unit sales have increased by 5%, 12 months to date. Row/townhouses have seen a decrease by13% in days on market. Average days to sell is 54 days. Lot sales volume is down 29%. Lot prices have increased by 10%, 12 months to date. Average lot sale price: $471,292. FULL REPORT HERE. 

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