September Newsletter 2025
Last week saw a steady continuation of new listings from the previous week with 36 single family homes listed in Nanaimo (37 the previous week). Sales also held steady with 23 single family homes selling in Nanaimo last week (down from 26 the previous week). Overall August 2025 saw a 10% increase in unit sales compared to August 2024 and a 20% increase in total sales volume. Despite signs across Canada of struggling markets, Nanaimo is doing well. August 2025 outperformed August 2024. I will be watching the next 8 weeks very closely in anticipation of trends heading into 2026. All findings will be reported in this newsletter.
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John Cooper | 250.619.9207 | john@johncooper.ca
Vancouver Island (not including Victoria)
339 single-family homes sold. Average price: $826,334 (up 1.5% from 12 months to date, this year over last). Single-family unit sales volume is up 15%. Average days on market increased by 11% to 50 days. The average condo sold for $437,011. Condo unit sales are up 1%, 12 months to date. Condos have seen a decreased by 34% in days on market. Average days to sell is 33 days. The average row/townhouse sold for $581,838. Row/townhouse unit sales are up 8.5%, 12 months to date. Row/townhouses have seen a increase by 6% in days on market. Average days to sell is 54 days. Lot sales volume is up 8%. Lot prices have remained the same, 12 months to date. Average lot sale price: $461,966.
Nanaimo
92 single-family homes sold. Average price: $853,992 (up 2.5% from 12 months to date, this year over last). Single-family unit sales volume is up12.5%. Average days on market increased by 14% to 41 days. The average condo sold for $444,500. Condo unit sales are up 10.5%, 12 months to date. Condos have seen a decreased by 47% in days on market. Average days to sell is 22 days. The average row/townhouse sold for $553,914. Row/townhouse unit sales are increased by 3.5%, 12 months to date. Row/townhouses have seen a decrease by 9% in days on market. Average days to sell is 39 days. Lot sales volume have remained the same. Lot prices have decreased by 6%, 12 months to date. Average lot sale price: $522,115.
Parksville/Qualicum
57 single-family homes sold. Average price: $951,519 (down 2% from 12 months to date, this year over last). Single-family unit sales volume is up 20%. Average days on market increased by 8% to 41 days. The average condo sold for $516,690. Condo unit sales are decreased by 6%, 12 months to date. Condos have seen a decrease by 2% in days on market. Average days to sell is 50 days. The average row/townhouse sold for $679,747. Row/townhouse unit sales are up 10%, 12 months to date. Row/townhouses have seen a increase by 24% in days on market. Average days to sell is 51 days. Lot sales volume is down 9.5%. Lot prices have decreased by 2.5%, 12 months to date. Average lot sale price: $552,083.
Cowichan Valley
60 single-family homes sold. Average price: $807,581 (up 1% from 12 months to date, this year over last). Single-family unit sales volume is up 21%. Average days on market increased by 18% to 53 days. The average condo sold for $346,243. Condo unit sales are down 18%, 12 months to date. Condos have seen a increase by 32% in days on market. Average days to sell is 58 days. The average row/townhouse sold for $569,255. Row/townhouse unit sales have increased by 15%, 12 months to date. Row/townhouses have seen a decrease of 9% in days on market. Average days to sell is 58 days. Lot sales volume is down 21%. Lot prices have increased by 3%, 12 months to date. Average lot sale price: $468,260.
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