Weekly Real Estate Take March 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 7503 Clark Cres a 5 bed, 3 bath, 4873 sqft Upper Lantzville home listed for $1,397,000 ($287/sqft), 781 Chelsea St a 5 bed, 2 bath, 2208 sqft  Central Nanaimo home listed for $649,900 ($294/sqft), 258 Westwood Rd a 6 bed, 4 bath, 4173 sqft South Jingle Pot home listed for $1,284,900 ($308/sqft).

The 3 homes listed this week with the highest $/sqft are 5378 Rutherford Rd a 2 bed, 2 bath, 1379 sqft  North Nanaimo home listed for $1,079,900 ($783/sqft), 2665 Nanaimo River Rd a 3 bed, 2 bath, 1,808 sqft Extension home listed for $1,359,900 ($752/sqft), 2245 Tiara Pl a 3 bed, 3 bath, 2,006 sqft Cedar home listed for $1,399,000 ($697/sqft).

The 3 homes priced the most below their assessed value are 2184 Lark Cres a 2 bed, 2 bath, 1,087 sqft Central Nanaimo home listed for $529,900 (10% below its tax-assessed value), 4733 Laguna Way a 5 bed, 3 bath, 2,998 sqft North Nanaimo home listed for $984,900 (9% below its tax-assessed value), 3950 Jingle Pot Rd a 7 bed, 4 bath, 3,003 sqft North Jingle Pot home listed for $1,057,000 (6% below its tax-assessed value).

The 3 highest priced new listings this week are 5391 Kenwill Dr a 6 bed, 6 bath, 4,424 sqft North Nanaimo home listed for $2,199,000. 7462 Copley Ridge Dr a 5 bed, 5 bath, 4,622 sqft Upper Lantzville home listed for $2,149,000. 3574 Oakridge Dr a 6 bed, 6 bath, 4,587 sqft Departure Bay home listed for $1,445,000.

Notable New Sales

The 3 buyers that secured the largest discounts this week are the buyers of  703 Stirling Ave who secured a 25% discount off the $499,900 asking price (sale price $375,000). The buyers of 990 Terminal Ave N who secured a 11% discount off the $449,000 asking price (sale price $399,000). The buyers of 5291 Metral Dr who secured a 11% discount off the $664,900 asking price (sale price $592,000).

The 3 highest cost per sqft sales this week were 1931 Legacy Pl a 1 bed, 1 bath, 916 sqft Cedar home sold for $835,000 ($912/sqft), 403 Applewood Cres a 3 bed, 3 bath, 1,339 sqft South Nanaimo home sold for $720,000 ($538/sqft), 5105 Sam's Way a 2 bed, 2 bath, 1,590 sqft Uplands home sold for $820,000 ($516/sqft).

The 3 highest sales this week were 429 & 431 Milton St a 6 bed, 5 bath, 2,997 sqft Old City home sold for $1,064,000. 358 Avaani Way a 5 bed, 3 bath, 2,415 sqft South Nanaimo home sold for $939,900. 3496 Littleford Rd a 3 bed, 4 bath, 2,948 sqft Uplands home sold for $920,000.

This week is John’s life

This week we sold a single-family home in South Nanaimo, a single-family home in Uplands, a condo in Brechin Hill,  and a new construction project in South Nanaimo. We handed over keys for 4 light industrial units in Parksville and are currently onboarding a family home with a suite in Westwood Lake. 

This weekend I dipped into Vancouver to catch the Nikki Glaser comedy show at the QE Theatre (image here). The Hullo Ferry service from Downtown Nanaimo to Downtown Vancouver really elevates the experience for those of us lucky enough to live in Downtown Nanaimo. Our newest team member Lucille, the mini doxie, celebrated getting past her probation period and is now a full-time team member (image here).