Market activity is finally starting to slow after a busier than anticipated end to 2025. 10 single-family homes were introduced to the market last week. That was 5 less than the week prior. 15 Nanaimo homes sold last week. That was down from 23 the previous week.
I am forecasting the first quarter of 2026 to perform as good as or better than 2025 and 2024.
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Just like monitoring the value of your investment portfolio, it is important to monitor the value of your real estate holdings. Your BC Assessment Value should never be relied upon for financial decisions. 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
Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 2001 Lakeside Dr a 3 bed, 4 bath, 2,783 sqft Chase River home listed for $899,000 ($323/sqft), 202 Derby Pl a 4 bed, 3 bath, 2,025 sqft University District home listed for $669,000 ($330/sqft), 3732 Cottleview Dr a 5 bed, 3 bath, 2,516 sqft Uplands home listed for $849,900 ($338/sqft).
The 3 homes listed this week with the highest $/sqft are 436 Kennedy St a 2 bed, 1 bath, 1,339 sqft Old City home listed for $719,900 ($538/sqft), 1381 Discovery Ave a 3 bed, 2 bath, 1,344 sqft Brechin Hill home listed for $699,900 ($521/sqft), 7554 Superior Rd a 4 bed, 1 bath, 1,865 sqft Lower Lantzville home listed for $899,900 ($483/sqft).
The 1 home priced below its assessed value this week is 5902 Beacon Pl a 3 bed, 2 bath, 1,560 sqft North Nanaimo home listed for $750,000 (4% below its tax-assessed value).
The 3 least expensive new listings this week are 202 Derby Pl a 4 bed, 3 bath, 2,025 sqft University District home listed for $669,000. 1381 Discovery Ave a 3 bed, 2 bath, 1,344 sqft Brechin Hill home listed for $699,900. 436 Kennedy St a 2 bed, 1 bath, 1,339 sqft Old City home listed for $719,900.
The 3 most expensive new listings this week are 5804 Quarry Cres a 5 bed, 3 bath, 2,025 sqft Pleasant Valley home listed for $899,900. 7554 Superior Rd a 4 bed, 1 bath, 1,865 sqft Lower Lantzville home listed for $899,900. 2001 Lakeside Dr a 3 bed, 4 bath, 2,783 sqft Chase River home listed for $899,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 4661 Wellington Rd who secured a 8% discount off the $650,000 asking price (sale price $600,000). The buyers of 213 Shiloh Dr who secured a 6% discount off the $1,139,900 asking price (sale price $1,067,500). The buyers of 660 Third St who secured a 6% discount off the $798,800 asking price (sale price $750,000).
The 3 highest cost per sqft sales this week were 925 St. Andrews St a 3 bed, 1 bath, 912 sqft Central Nanaimo home sold for $551,500 ($605/sqft), 6027 Marie Pl a 3 bed, 2 bath, 1,283 sqft North Nanaimo home sold for $770,000 ($600/sqft), 789 Howard Ave a 3 bed, 2 bath, 1,516 sqft South Nanaimo home sold for $737,500 ($486/sqft).
The 3 highest sales this week were 2815 Cosgrove Cres a 3 bed, 3 bath, 3,746 sqft Departure Bay home sold for $1,200,000. 6262 Azure Rd a 5 bed, 5 bath, 3,768 sqft North Nanaimo home sold for $1,170,000. 213 Shiloh Dr a 5 bed, 4 bath, 3,633 sqft South Jingle Pot home sold for $1,067,500.
If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price.
