Weekly Real Estate Take [March 2024 - Week 5]

Notable New Listings.

I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 714 Bruce Ave a 7 bed, 3 bath, 5,713 sqft South Nanaimo home listed for $945,000 ($165/sqft), 365 Trinity Dr an 8 bed, 6 bath, 4,684 sqft University District home listed for $1,349,000 ($288/sqft), 61 Ranchview Dr a 6 bed, 3 bath, 2,843 sqft Chase River home listed for $824,900 ($290/sqft).

The 3 homes listed this week with the highest $/sqft are 2760 Ritten Rd a 2 bed, 1 bath, 1,242 sqft Cedar home listed for $1,665,000 ($1341/sqft), 995 Nanaimo River Rd a 7 bed, 5 bath, 2,721 sqft South Nanaimo home listed for $1,999,900 ($735/sqft), 1448 Seaspray Blvd a 3 bed, 2 bath, 1,723 sqft Cedar home listed for $1,199,000 ($696/sqft).

The 3 homes priced the most below their assessed value are 2350 Gould Rd a 3 bed, 2 bath, 1,524 sqft Cedar home listed for $675,000 (27% below its tax-assessed value), 589 Rosehill St a 2 bed, 1 bath, 1,461 sqft Central Nanaimo home listed for $539,900 (12% below its tax-assessed value), 61 Ranchview Dr a 6 bed, 3 bath, 2,843 sqft Chase River home listed for $824,900 (12% below its tax-assessed value).

The 3 highest priced new listings this week are 2655 Steve Ellis Rd a 7 bed, 7 bath, 6,368 sqft North Jingle Pot home listed for $2,899,900. 2635 Steve Ellis Rd a 6 bed, 8 bath, 4,082 sqft North Jingle Pot home listed for $2,428,000. 995 Nanaimo River Rd a 7 bed, 5 bath, 2,721 sqft South Nanaimo home listed for $1,999,900. 

Notable New Sales.

The 3 buyers that secured the largest discounts this week are the buyers of  1882 Kirkstone Way who secured a 16% discount off the $1,279,000 asking price (sale price $1,075,000). The buyers of 113 Cilaire Dr secured a 12% discount off the $1,495,000 asking price (sale price $1,309,000). The buyers of 3504 Berton Rd secured a 4% discount off the $1,598,000 asking price (sale price $1,534,040).

The 3 highest cost per sqft sales this week were 478 Deering St a 4 bed, 2 bath, 2,314 sqft South Nanaimo home sold for $639,650 ($276/sqft), 1882 Kirkstone Way a 7 bed, 4 bath, 3,620 sqft Cedar home sold for $1,075,000 ($297/sqft), 412 Milton St a 3 bed, 2 bath, 2,553 sqft Old City home sold for $794,000 ($311/sqft).

The 3 highest sales this week were 7391 Spence's Way a 6 bed, 5 bath, 4,275 sqft Upper Lantzville home sold for $1,799,000. 3504 Berton Rd a 4 bed, 5 bath, 3,374 sqft North Jingle Pot home sold for $1,534,040. 3555 Monterey Dr a 5 bed, 3 bath, 3,260 sqft North Jingle Pot home sold for $1,353,000.

If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price.

• The Art of Advising: The Vital Skills of Active Listening and Creative Problem Solving

• Maximize Your Home's Value: Why Multiple Expert Opinions Are Crucial Before Selling!

This Week in My Life

Professionally, we sold 3 homes this week and had accepted offers on 3 of our listings (IG post here). I had 5 seller consultations and onboarded 3 new buyer clients this week. We have 14 new listings that we will be introducing to the market in the next 2 weeks! We introduced 182 Ohara Place to the market on Monday this week (video here).  The team has been performing very well this month and I am very excited about what we can achieve in 2024 (IG post here). 

Personally, I had an inspiring visit with my dad on Saturday  (IG post here). I spent Sunday in Vancouver with my girls doing some exploring and shopping and caught the most incredible sunset on our Hullo ferry ride home (IG video here). While I was in White Rock I attended 2 classes at The Yoga Bar and was introduced to 2 very unique yoga-inspired fitness classes (IG post here). 

I hope you all have a wonderful & loving Easter weekend with family and friends.