Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 415 Machleary St a 7 bed, 4 bath, 3,231 sqft Old City home listed for $800,000 ($248/sqft), 3817 Hammond Bay Rd a 4 bed, 3 bath, 3,126 sqft Hammond Bay home listed for $899000 ($288/sqft), 443 Montclair Dr a 7 bed, 5 bath, 4144 sqft University District home listed for $1275000 ($308/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 $559,900 ($1,060/sqft), 6513 Phantom Rd a 3 bed, 3 bath, 2,212 sqft Upper Lantzville home listed for $1,499,990 ($678/sqft), 6069 Waldbank Rd a 3 bed, 2 bath, 1,507 sqft North Nanaimo home listed for $850,000 ($564/sqft).
The 3 homes priced the most below their assessed value are 6866 Doumont Rd a 4 bed, 3 bath, 3,218 sqft Pleasant Valley home listed for $1,680,000 (23% below its tax-assessed value), 2062 Waring Rd a 4 bed, 2 bath, 1,920 sqft Cedar home listed for $650,000 (21% below its tax-assessed value), 1072 Silver Mountain Dr a 3 bed, 2 bath, 1,442 sqft South Nanaimo home listed for $723,800 (9% below its tax-assessed value).
The 3 least expensive new listings this week are 1445 Waddington Rd a 3 bed, 1 bath, 1,032 sqft Central Nanaimo home listed for $519,900. 656 Lambert Ave a 2 bed, 1 bath, 528 sqft South Nanaimo home listed for $559,900. 51 View St a 4 bed, 2 bath, 1,726 sqft South Nanaimo home listed for $635,000.
The 3 most expensive new listings this week are 6866 Doumont Rd a 4 bed, 3 bath, 1,032 sqft Pleasant Valley home listed for $1,680,000. 6513 Phantom Rd a 3 bed, 3 bath, 2,212 sqft Upper Lantzville home listed for $1,499,990. 6381 Icarus Dr a 5 bed, 3 bath, 3,253 sqft North Nanaimo home listed for $1,329,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 6869 Philip Rd who secured a 5% discount off the $949,900 asking price (sale price $905,000). The buyers of 2118 Carmen Rd who secured a 4% discount off the $669,000 asking price (sale price $640,000). The buyers of 5726 Brookwood Dr who secured a 3% discount off the $698,000 asking price (sale price $680,000).
The 3 highest cost per sqft sales this week were 240 View St a 2 bed, 2 bath, 932 sqft South Nanaimo home sold for $545,000 ($585/sqft), 5726 Brookwood Dr a 3 bed, 2 bath, 1,350 sqft Uplands home sold for $680,000 ($504/sqft), 2118 Carmen Rd a 3 bed, 2 bath, 1,406 sqft Central Nanaimo home sold for $640,000 ($455/sqft).
The 3 highest sales this week were 1050 Southwood Dr a 6 bed, 3 bath, 2,843 sqft South Nanaimo home sold for $920,000. 6869 Philip Rd a 3 bed, 3 bath, 2,252 sqft Upper Lantzville home sold for $905,000. 3791 Uplands Dr a 6 bed, 3 bath, 1,834 sqft Uplands home sold for $710,000.
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
I’ve just returned from an extended escape to Puerto Vallarta, and I’m still buzzing from the experience. I had the opportunity to meet so many incredible people and truly embrace the local culture—you can see a few highlights in this video.
As much as I loved the getaway, it was wonderful to get home and catch up with my daughters. Life is moving fast: Avery is currently preparing for her driver’s license exam, and June is staying focused on the homestretch of Grade 10. After a very happy reunion with my dachshund, Lucille, I’m feeling fully recharged and ready to go. I’m so excited to reconnect with the team this week and dive into the busy, exciting year we have ahead of us!
- John Cooper
Whether you’re looking for further clarification on the points and insights above, would like to discover your specific home value, or just have real estate questions you’d like answered, I’d love to hear from you!
Reach out to me directly at john@johncooper.ca or 250-619-9207.
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