For Nanaimo residents, early February 2026 marks a transition into a 'Strategic Market.' We are seeing the highest volume of new listings in four months, providing buyers with the luxury of choice and the ability to include subjects (like inspections or financing) that were once more difficult. While inventory is up, the uptick in cancelled listings shows that buyers are price-sensitive; only homes that are 'turn-key' or accurately priced are moving. If you are a seller, your success now depends on presentation and realistic expectations rather than market momentum. If you are a buyer, this is your window to shop with less competition before the peak spring rush.
Interested in Your Home's Value?
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 3656 Glen Oaks Dr a 4 bed, 3 bath, 3,456 sqft Hammond Bay home listed for $1,050,000 ($304/sqft), 1019/1023 Dufferin Cres a 4 bed, 2 bath, 1,897 sqft Central Nanaimo home listed for $599,000 ($316/sqft), 4957 Ney Dr a 6 bed, 4 bath, 3,581 sqft North Nanaimo home listed for $1,139,900 ($318/sqft).
The 3 homes listed this week with the highest $/sqft are 315 Holly Ave a 2 bed, 1 bath, 812 sqft Central Nanaimo home listed for $749,000 ($922/sqft), 307 Holly Ave a 2 bed, 1 bath, 812 sqft Central Nanaimo home listed for $749,000 ($922/sqft), 8578 Rumming Rd a 4 bed, 3 bath, 2,563 sqft Lower Lantzville home listed for $2,069,000 ($807/sqft).
The 3 homes priced the most below their assessed value are 2328 Yellow Point Rd a 3 bed, 2 bath, 1,500 sqft Cedar home listed for $1,125,000 (15% below its tax-assessed value), 1790 Waddington Rd a 1 bed, 1 bath, 503 sqft Central Nanaimo home listed for $349,000 (12% below its tax-assessed value), 56 Pryde Ave a 3 bed, 1 bath, 987 sqft Central Nanaimo home listed for $499,900 (10% below its tax-assessed value).
The 3 least expensive new listings this week are 1790 Waddington Rd a 1 bed, 1 bath, 503 sqft Central Nanaimo home listed for $349,000. 56 Pryde Ave a 3 bed, 1 bath, 987 sqft Central Nanaimo home listed for $499,900. 1019/1023 Dufferin Cres a 4 bed, 2 bath, 1,897 sqft Central Nanaimo home listed for $599,000.
The 3 most expensive new listings this week are 2551 Braun Rd a 5 bed, 4 bath, 503 sqft Cedar home listed for $3,490,000. 1675 Kelsie Rd a 6 bed, 4 bath, 4,501 sqft Chase River home listed for $2,175,000. 8578 Rumming Rd a 4 bed, 3 bath, 2,563 sqft Lower Lantzville home listed for $2,069,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 135 Newcastle Ave who secured a 19% discount off the $1,650,000 asking price (sale price $1,330,000). The buyers of 148 Sand Piper Pl who secured a 10% discount off the $974,900 asking price (sale price $875,000). The buyers of 5902 Beacon Pl who secured a 4% discount off the $750,000 asking price (sale price $717,500).
The 3 highest cost per sqft sales this week were 3200 Poppleton Rd a 3 bed, 2 bath, 2,631 sqft Departure Bay home sold for $1,539,000 ($585/sqft), 5902 Beacon Pl a 3 bed, 2 bath, 1560 sqft North Nanaimo home sold for $717,500 ($460/sqft), 5541 Westdale Rd a 3 bed, 3 bath, 2,356 sqft North Nanaimo home sold for $1,060,000 ($450/sqft).
The 3 highest sales this week were 3200 Poppleton Rd a 3 bed, 2 bath, 2,631 sqft Departure Bay home sold for $1,539,000. 135 Newcastle Ave a 4 bed, 3 bath, 3,289 sqft Brechin Hill home sold for $1,330,000. 3225 Willowmere Cres a 4 bed, 3 bath, 3121 sqft North Jingle Pot home sold for $1,255,000.
If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price.
