Weekly Real Estate Take June 2025 - Week 3
The last 3 weeks have seen the highest number of homes selling in a 21 day stretch in 2025. 82 new single family homes were listed in Nanaimo in the last week. That's 6 more homes available than the previous week. Sales also increased with 28 homes selling in Nanaimo in the last week (up from 26 last week). I'm expecting to see this trend continue for the next 14 to 21 days.
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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 781 Chelsea St a 5 bed, 2 bath, 2,208 sqft Central Nanaimo home listed for $549,900 ($249/sqft), 675 Bowen Rd a 4 bed, 4 bath, 2,550 sqft Central Nanaimo home listed for $734,800 ($288/sqft), 2040 Berkshire Pl a 5 bed, 3 bath, 2,642 sqft Departure Bay home listed for $779,950 ($295/sqft).
The 3 homes listed this week with the highest $/sqft are 2920 Hammond Bay Rd a 4 bed, 3 bath, 2,896 sqft Departure Bay home listed for $2,950,000 ($1,019/sqft), 2551 Braun Rd a 5 bed, 5 bath, 4,630 sqft Cedar home listed for $4,500,000 ($972/sqft), 7546 Tonnerre Way a 4 bed, 3 bath, 2,985 sqft Upper Lantzville home listed for $2,599,900 ($871/sqft).
The 3 homes priced the most below their assessed value are 1790 Waddington Rd a 1 bed, 1 bath, 503 sqft Central Nanaimo home listed for $349,000 (32% below its tax-assessed value), 920 St. George St a 2 bed, 1 bath, 870 sqft Central Nanaimo home listed for $399,900 (21% below its tax-assessed value), 720 Park Ave a 4 bed, 2 bath, 1,521 sqft South Nanaimo home listed for $475,000 (15% below its tax-assessed value).
The 3 highest priced new listings this week are 2551 Braun Rd a 5 bed, 5 bath, 4,630 sqft Cedar home listed for $4,500,000. 2920 Hammond Bay Rd a 4 bed, 3 bath, 2,896 sqft Departure Bay home listed for $2,950,000. 130 Canterbury Cres a 4 bed, 4 bath, 6,500 sqft Departure Bay home listed for $2,769,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 1989 Camas Rd, who secured a 6% discount off the $869,000 asking price (sale price $820,000). The buyers of 166 Cadboro Pl, who secured a 5% discount off the $775,000 asking price (sale price $735,000). The buyers of 7426 Spence's Way, who secured a 5% discount off the $1,499,900 asking price (sale price $1,428,476).
The 3 highest cost per sqft sales this week were 2953 Ravenhill Rd a 3 bed, 1 bath, 1,260 sqft Cedar home sold for $985,000 ($782/sqft), 606 Nottingham Dr a 4 bed, 3 bath, 1,661 sqft Departure Bay home sold for $1,250,000 ($753/sqft), 2240 Highland Blvd a 2 bed, 1 bath, 1,068 sqft Departure Bay home sold for $755,000 ($707/sqft).
The 3 highest sales this week were 7426 Spence's Way a 3 bed, 3 bath, 2,479 sqft Upper Lantzville home sold for $1,428,476. 606 Nottingham Dr a 4 bed, 3 bath, 1,661 sqft Departure Bay home sold for $1,250,000. 6302 Invermere Rd a 5 bed, 3 bath, 2,924 sqft North Nanaimo home sold for $1,232,000.
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 in My Life
This week was very busy with new listings. We introduced 5 new listings to the market in the last 7 days. This included a “like new” home in South Nanaimo (video here), a gorgeous home in Departure Bay (video here), a suited home in the University District (video here), a home with a suite in South Nanaimo (video here), and a low bank waterfront in Lower Lantzville (video here).
This past weekend, I went on a quick road trip to Vernon with Avery, June, & their cousin Parker. We attended the Okanagan Fighting Championships, and my daughters got to watch me referee MMA, in person, for the first time (video here). They say they enjoyed it and would do it again. That is a win for me!
We also took a moment this week to celebrate our love for Nanaimo (post here).
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