Weekly Real Estate Take [November 2024 - 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 910 Beaufort Dr a 4 bed, 2 bath, 2,238 sqft Central Nanaimo home listed for $739,999 ($331/sqft), 5767 Bradbury Rd a 5 bed, 4 bath, 3,018 sqft North Nanaimo home listed for $999,900 ($331/sqft), 930 Brechin Rd a 4 bed, 2 bath, 2,258 sqft Brechin Hill home listed for $757,800 ($336/sqft). 

The 3 homes listed this week with the highest $/sqft are 1641 Bowen Rd a 2 bed, 1 bath, 776 sqft Central Nanaimo home listed for $1,149,900 ($1482/sqft), 351 Wesley St a 2 bed, 2 bath, 1,135 sqft Old City home listed for $1,499,000 ($1,321/sqft), 5378 Rutherford Rd a 2 bed, 2 bath, 1,319 sqft North Nanaimo home listed for $1,199,000 ($909/sqft).
 

The 3 homes priced the most below their assessed value are 5767 Bradbury Rd a 5 bed, 4 bath, 3,018 sqft North Nanaimo home listed for $999,900 (9% below its tax-assessed value), 1965 Walsh Rd a 4 bed, 3 bath, 2,060 sqft Cedar home listed for $799,900 (4% below its tax-assessed value), 930 Brechin Rd a 4 bed, 2 bath, 2,258 sqft Brechin Hill home listed for $757,800 (3% below its tax-assessed value). 

The 3 highest priced new listings this week are 3225 Wayne Morgan Rd a 4 bed, 3 bath, 3,112 sqft North Jingle Pot home listed for $2,199,900, 351 Wesley St a 2 bed, 2 bath, 1,135 sqft Old City home listed for $1,499,000, 196 Golden Oaks Cres a 7 bed, 5 bath, 3,600 sqft  Hammond Bay home listed for $1,350,000.

The 3 buyers that secured the largest discounts this week are the buyers of 657 Farquhar St who secured a 11% discount off the $639,000 asking price (sale price $570,000). The buyers of 3683 Caldwell St who secured a 10% discount off the $695,000 asking price (sale price $625,000). The buyers of 5675 Metral Dr who secured a 7% discount off the $1,050,000 asking price (sale price $975,000).

The 3 highest cost per sqft sales this week were 3708 Overlook Dr a 4 bed, 5 bath, 4,181 sqft Hammond Bay home sold for $1,985,000 ($475/sqft), 1775 Rajeena Way a 5 bed, 3 bath, 2,347 sqft Chase River home sold for $1,075,000 ($458/sqft), 3683 Caldwell St a 4 bed, 2 bath, 1,464 sqft Uplands home sold for $625,000 ($427/sqft).

The 3 highest sales this week were 3708 Overlook Dr a 4 bed, 5 bath, 4,181 sqft Hammond Bay home sold for $1,985,000, 6108 Clayburn Pl a 5 bed, 5 bath, 3,589 sqft North Nanaimo home sold for $1,149,900, 1775 Rajeena Way a 5 bed, 3 bath, 2,347 sqft Chase River home sold for $1,075,000.

This week is John’s life

The last week has been hectic at John Cooper & Associates headquarters. In the last 7 days we have put over $3,000,000 worth of real estate under contract. The next 10 days will see these trades engaged in due diligence. We introduced a cute rancher to the Nanaimo Market (video here) and handed over keys to a cute rancher in Ladysmith (picture here). On Friday our team attended the Professional Development Day hosted by VIREB at the Vancouver Island Convention Centre (image here).

We had a great time this week celebrating Halloween including a creepy encounter at our office (image here) and a cosmic visit from Captain Jean-Luc Picard (image here).  I received a really cool gift this week, personally signed by Ladysmith’s Pamela Anderson (video here).