November 2024 Nanaimo Market Update

Vancouver Island (not including Victoria) 

346 single-family homes sold. Average price: $817,034 (down 4% from 12 months to date, this year over last). Single-family unit sales volume is up 4%. Average days on market has seen no change and remain at 46 days. The average condo sold for $428,520. Condo unit sales are down 1%, 12 months to date. Condos have seen an increase by 6% in days on market. Average days to sell is 51 days. The average row/townhouse sold for $587,049. Row/townhouse unit sales are up 11%, 12 months to date. Row/townhouses have seen an increase by 18% in days on market. Average days to sell is 53 days. Lot sales volume is up 1%. Lot prices have increased by 4%, 12 months to date. Average lot sale price: $455,379. FULL REPORT HERE.

Nanaimo 

88 single-family homes sold. Average price: $837,950 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is down 2%. Average days on market increased by 3% to 37 days. The average condo sold for $446,528. 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 45 days. The average row/townhouse sold for $568,951. Row/townhouse unit sales are up 10%, 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 25%. Lot prices have increased by 35%, 12 months to date. Average lot sale price: $588,231. FULL REPORT HERE.

Parksville/Qualicum 

47 single-family homes sold. Average price: $983,847 (up 7% from 12 months to date, this year over last). Single-family unit sales volume is up 3%. Average days on market increased by 8% to 41 days. The average condo sold for $485,233. Condo unit sales are up 34%, 12 months to date. Condos have seen an increase by 33% in days on market. Average days to sell is 53 days. The average row/townhouse sold for $664,185. Row/townhouse unit sales are up 22%, 12 months to date. Row/townhouses have seen an increase by 22% in days on market. Average days to sell is 44 days. Lot sales volume is up 18%. Lot prices have decrease by 10%, 12 months to date. Average lot sale price: $550,771. FULL REPORT HERE.

Cowichan Valley

62 single-family homes sold. Average price: $797,188 (up 2% from 12 months to date, this year over last). Single-family unit sales volume is down 6%. Average days on market decreased by 4% to 47 days. The average condo sold for $349,065. Condo unit sales are down 4%, 12 months to date. Condos have seen a decrease by 13% in days on market. Average days to sell is 46 days. The average row/townhouse sold for $568,823. Row/townhouse unit sales are down 9%, 12 months to date. Row/townhouses have seen an increase by 26% in days on market. Average days to sell is 63 days. Lot sales volume has seen no change. Lot prices have increased by 15%, 12 months to date. Average lot sale price: $465,272. FULL REPORT HERE.