Weekly Real Estate Take - November 2025 - Week 2

Nanaimo's housing market showed a late burst of activity, suggesting homeowners are aiming for one final push in the 2025 market. Last week, new single-family home listings almost doubled, jumping from 16 to 31. Sales activity mirrored this impressive increase, with 28 Nanaimo single-family homes sold, significantly up from 15 the week prior.

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Notable New Listings

I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1116 Thunderbird Dr a 7 bed, 4 bath, 3,425 sqft Central Nanaimo home listed for $929,900 ($272/sqft), 43 Roberta Rd E a 4 bed, 2 bath, 2,268 sqft Chase River home listed for $700,000 ($309/sqft), 1340 Boundary Cres a 5 bed, 4 bath, 2,800 sqft Central Nanaimo home listed for $880,000 ($314/sqft).

The 3 homes listed this week with the highest $/sqft are 2303 Jingle Pot Rd a 2 bed, 2 bath, 1,120 sqft South Jingle Pot home listed for $1,688,000 ($1507/sqft), 5378 Rutherford Rd a 2 bed, 2 bath, 1,319 sqft North Nanaimo home listed for $899,000 ($682/sqft), 5526 Godfrey Rd a 3 bed, 2 bath, 1,176 sqft Pleasant Valley home listed for $735,000 ($625/sqft).

The 3 homes priced the most below their assessed value are 3303 Wavecrest Dr a 4 bed, 3 bath, 3,789 sqft Hammond Bay home listed for $1,339,900 (20% below its tax-assessed value), 5027 Tiffany Pl a 3 bed, 2 bath, 1,401 sqft Uplands home listed for $788,000 (10% below its tax-assessed value), 5378 Rutherford Rd a 2 bed, 2 bath, 1,319 sqft North Nanaimo home listed for $899,000 (9% below its tax-assessed value).

The 3 least expensive new listings this week are 660 Chelsea St a 3 bed, 1 bath, 1,014 sqft Central Nanaimo home listed for $599,900. 375 Bruce Ave a 4 bed, 2 bath, 1,794 sqft University District home listed for $609,000. 1250 Townsite Rd a 3 bed, 2 bath, 2,101 sqft Central Nanaimo home listed for $679,000.

The 3 most expensive new listings this week are 3887 Gulfview Dr a 5 bed, 8 bath, 5,107 sqft Hammond Bay home listed for $2,495,900. 995 Nanaimo River Rd a 7 bed, 5 bath, 3,780 sqft South Nanaimo home listed for $2,100,000. 3865 Gulfview Dr a 6 bed, 6 bath, 3,515 sqft Hammond Bay home listed for $1,825,000.

Notable New Sales

The 3 buyers that secured the largest discounts this week are the buyers of 3412 Juriet Rd who secured a 18% discount off the $1,550,000 asking price (sale price $1,270,000). The buyers of 372 Cariboo Dr who secured a 15% discount off the $1,299,000 asking price (sale price $1,100,000). The buyers of 2100 Cinnabar Dr who secured a 11% discount off the $1,099,000 asking price (sale price $975,000).

The 3 highest cost per sqft sales this week were 130 Heritage Dr a 3 bed, 2 bath, 1,375 sqft Hammond Bay home sold for $889,900 ($647/sqft), 987 Buffer Rd a 3 bed, 2 bath, 1,092 sqft South Nanaimo home sold for $664,000 ($608/sqft), 1551 Frames Rd a 2 bed, 1 bath, 848 sqft Chase River home sold for $490,000 ($578/sqft).

The 3 highest sales this week were 57 Lake Heights Pl a 6 bed, 5 bath, 5,428 sqft Pleasant Valley home sold for $1,875,000. 3412 Juriet Rd a 3 bed, 2 bath, 2,239 sqft Cedar home sold for $1,270,000. 4610 Sheridan Ridge Rd a 4 bed, 4 bath, 3,419 sqft North Nanaimo home sold for $1,260,000.

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