Weekly Real Estate Take [January 2025 - Week 1]
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.
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