Weekly Real Estate Take [July 2024 - Week 1]

I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 6221 Groveland Dr a 5 bed, 3 bath, 3,600 sqft  North Nanaimo home listed for $999,999 ($278/sqft), 3309 Shearwater Dr a 4 bed, 4 bath, 3,236 sqft  Hammond Bay home listed for $959,900 ($297/sqft), 2390 Barclay Rd a 6 bed, 4 bath, 2,856 sqft  Diver Lake home listed for $929,900 ($326/sqft).

The 3 homes listed this week with the highest $/sqft are 657 Hamilton Ave a 3 bed, 2 bath, 1,108 sqft  South Nanaimo home listed for $689,000 ($622/sqft), 936 Wentworth St a 4 bed, 2 bath, 1,342 sqft  Old City home listed for $789,000 ($588/sqft), 3745 Elworthy Pl a 3 bed, 2 bath, 1,370 sqft Departure Bay home listed for $769,000 ($561/sqft).

The 3 homes priced the most below their assessed value are 6221 Groveland Dr a 5 bed, 3 bath, 3,600 sqft North Nanaimo home listed for $999,999 (10% below its tax-assessed value), 112 Irwin St a 3 bed, 1 bath, 1,055 sqft  South Nanaimo home listed for $424,900 (8% below its tax-assessed value), 7441 Elizabeth Way a 2 bed, 2 bath, 1,610 sqft  Upper Lantzville home listed for $699,900 (4% below its tax-assessed value).

The are the buyers of  3121 Northwood Rd secured a 11% discount off the $999,900 asking price (sale price $885,000). The buyers of 5631 Arnhem Terr secured a 8% discount off the $1,199,900 asking 3 buyers that secured the largest discounts this weekprice (sale price $1,100,000). The buyers of 3948 Macisaac Dr secured a 8% discount off the $699,900 asking price (sale price $645,000).

The 3 highest cost per sqft sales this week were 3399 Stephenson Point Rd a 5 bed, 6 bath, 4,856 sqft Hammond Bay home sold for $2,950,000 ($607/sqft), 603 Victoria Rd a 3 bed, 2 bath, 1,058 sqft  South Nanaimo home sold for $615,000 ($581/sqft), 2328 Woodside Pl a 3 bed, 2 bath, 1,424 sqft  Diver Lake home sold for $789,500 ($554/sqft).

This Week is John’s life

This week the team and I put 5 homes under contract and went unconditional on 2 homes. We introduced 14 industrial warehouses (video here)  to the market and a luxury home in Nanoose (video here). 

I celebrated Canada on Thetis Island with my sister,  Avery & June. We took my boat from Thetis Island to Wallace Island via Tent Island (video here). It was a beautiful day on the water. I am constantly reminded of how lucky we are to call this land home.