Weekly Real Estate Take [January 2025 - Week 1]

by 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 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 ($313/sqft), 3574 Oakridge Dr a 6 bed, 6 bath, 4,587 sqft Departure Bay home listed for $1,495,000 ($326/sqft), 2204 Dodds Rd a 5 bed, 3 bath, 2,200 sqft Extension home listed for $790,000 ($359/sqft).

The 3 homes listed this week with the highest $/sqft are 2369 South Wellington Rd a 3 bed, 2 bath, 2,275 sqft Extension home listed for $1,399,000 ($615/sqft), 4169 Orchard Cir a 3 bed, 2 bath, 1,250 sqft Uplands home listed for $609,900 ($488/sqft), 145 Garner Cres a 4 bed, 3 bath, 1,970 sqft University District home listed for $849,000 ($431/sqft).

Only 2 homes were priced below their assessed value this week. 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 (7% below its tax-assessed value), and 145 Garner Cres a 4 bed, 3 bath, 1,970 sqft University District home listed for $849,000 (3% below its tax-assessed value).

The 3 highest priced new listings this week are 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000. 3574 Oakridge Dr a 6 bed, 6 bath, 4,587 sqft Departure Bay home listed for $1,495,000. 2369 South Wellington Rd a 3 bed, 2 bath, 2,275 sqft Extension home listed for $1,399,000.

 

Notable New Sales.

The 3 buyers that secured the largest discounts this week are the buyers of  121 Woodhaven Dr who secured a 5% discount off the $1,450,000 asking price (sale price $1,377,000). The buyers of 850 Hecate St secured a 5% discount off the $800,000 asking price (sale price $760,000). The buyers of 2465 Divot Dr secured a 4% discount off the $719,900 asking price (sale price $692,000).
                    
The 3 highest cost per sqft sales this week were 4872 Logan's Run a 3 bed, 2 bath, 1,722 sqft North Nanaimo home sold for $790,000 ($459/sqft), 121 Woodhaven Dr a 5 bed, 4 bath, 3,178 sqft Uplands home sold for $1,377,000 ($433/sqft), 2551 Theresa Terr a 3 bed, 2 bath, 1,696 sqft Diver Lake home sold for $730,000 ($430/sqft).

The 3 highest sales this week were 121 Woodhaven Dr a 5 bed, 4 bath, 3,178 sqft Uplands home sold for $1,377,000. 4872 Logan's Run a 3 bed, 2 bath, 1,722 sqft North Nanaimo home sold for $790,000. 850 Hecate St a 5 bed, 4 bath, 2,358 sqft Old City home sold for $760,000.     

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 is John’s life

Over the past week the team and I had accepted offers on 3 properties and removed subjects on 2 properties. Over the next 10 days we will be introducing over 20 properties to the market. We are ready to go in 2025!

This past week has been spent enjoying time with my girls after spending Christmas in Puerta Vallarta Mexico. Mexico was a rejuvenating adventure with spectacular weather and wonderful people (video here). Wishing everyone a wonderful 2025. Happy New Year (image here).

 
 
 

 
 

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