Cowichan Valley
56 single-family homes sold. Average price: $808,602 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 11%. Average days on market increased by 10% to 52 days. The average condo sold for $355,868. Condo unit sales are down 11%, 12 months to date. Condos have seen an increase of 39% in days on market. Average days to sell is 64 days. The average row/townhouse sold for $564,007. Row/townhouse unit sales are increased of 7%, 12 months to date. Row/townhouses have seen a decreased by 5% in days on market. Average days to sell is 60 days. Lot sales volume is down 29%. Lot prices have decreased by 4%, 12 months to date. Average lot sale price: $448,501.
FULL REPORT 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 4425 Gulfview Dr a 4 bed, 3 bath, 2,536 sqft North Nanaimo home listed for $749,900 ($296/sqft), 639 Kennedy St a 8 bed, 2 bath, 2,352 sqft Old City home listed for $800,000 ($340/sqft), 5523 Fernandez Pl a 4 bed, 2 bath, 2,398 sqft Pleasant Valley home listed for $900,000 ($375/sqft).
The 3 homes listed this week with the highest $/sqft are 656 Lambert Ave a 2 bed, 1 bath, 528 sqft South Nanaimo home listed for $619,900 ($1174/sqft), 6891 Harwood Dr a 4 bed, 3 bath, 1,931 sqft Upper Lantzville home listed for $1,049,000 ($543/sqft), 271 Woodhaven Dr a 4 bed, 2 bath, 1,520 sqft Uplands home listed for $780,000 ($513/sqft).
The 3 homes priced the most below their assessed value are 148 Sand Piper Pl a 3 bed, 3 bath, 2,540 sqft North Nanaimo home listed for $974,900 (13% below its tax-assessed value), 639 Kennedy St a 8 bed, 2 bath, 2,352 sqft Old City home listed for $800,000 (7% below its tax-assessed value), 2136 Dockside Way a 3 bed, 3 bath, 1,500 sqft South Jingle Pot home listed for $699,000 (5% below its tax-assessed value).
The 3 least expensive new listings this week are 656 Lambert Ave a 2 bed, 1 bath, 528 sqft South Nanaimo home listed for $619,900. 2136 Dockside Way a 3 bed, 3 bath, 1,500 sqft South Jingle Pot home listed for $699,000. 4425 Gulfview Dr a 4 bed, 3 bath, 2,536 sqft North Nanaimo home listed for $749,900.
The 3 most expensive new listings this week are 301 Mount Royal Pl a 4 bed, 3 bath, 528 sqft South Jingle Pot home listed for $1,299,999. 122 Bray Rd a 3 bed, 3 bath, 2,520 sqft Departure Bay home listed for $1,119,000. 443 Silver Mountain Dr a 6 bed, 4 bath, 2,639 sqft South Nanaimo home listed for $1,050,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 5267 Lost Lake Rd who secured a 17% discount off the $749,900 asking price (sale price $620,000). The buyers of 1180 Macdonald Cres who secured a 17% discount off the $499,000 asking price (sale price $415,900). The buyers of 6863 Eastwind Dr who secured a 11% discount off the $1,298,000 asking price (sale price $1,157,500).
The 3 highest cost per sqft sales this week were 221 Eaton St a 2 bed, 2 bath, 913 sqft South Nanaimo home sold for $590,500 ($647/sqft), 1025 Vancouver Ave a 3 bed, 1 bath, 942 sqft Brechin Hill home sold for $525,000 ($557/sqft), 840 Oakley St a 2 bed, 1 bath, 1,028 sqft Central Nanaimo home sold for $560,000 ($545/sqft).
The 3 highest sales this week were 101 Cheryl Pl a 6 bed, 4 bath, 3,490 sqft North Nanaimo home sold for $1,250,000. 6863 Eastwind Dr a 4 bed, 3 bath, 2,461 sqft Upper Lantzville home sold for $1,157,500. 6440 Zante Pl a 4 bed, 3 bath, 2,613 sqft North Nanaimo home sold for $1,030,000.
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
This last week I have been meeting with clients making plans for Spring 2026 with a few making moves before the year comes to an end.
Halloween was spent driving my girls to their Halloween parties and keeping Lucille company. Enjoyed meeting with a local home builder this week (image here).
I’m spending this evening celebrating my birthday with family.
