Notable New Listing
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1030 Hawkes Turnaround, a 5 bed, 3 bath, 2,590 sqft Central Nanaimo home listed for $789,900 ($305/sqft), 425 Wharton St, a 5 bed, 2 bath, 2,376 sqft University District home listed for $730,000 ($307/sqft), 2364 Extension Rd, a 4 bed, 4 bath, 2,671 sqft Chase River home listed for $869,900 ($326/sqft).
The 3 homes listed this week with the highest $/sqft are 460 Nanaimo River Rd, a 3 bed, 2 bath, 1,314 sqft Extension home listed for $1,050,000 ($799/sqft), 211 Ferntree Pl, a 3 bed, 4 bath, 3,808 sqft Uplands home listed for $2,950,000 ($775/sqft), 7190 Hase Pl, a 6 bed, 5 bath, 3,330 sqft Upper Lantzville home listed for $2,500,000 ($751/sqft).
The 3 homes priced the most below their assessed value are 626 Fourth St, a 2 bed, 1 bath, 872 sqft University District home listed for $459,900 (12% below its tax-assessed value), 6514 Gerke Pl, a 3 bed, 3 bath, 2,700 sqft North Nanaimo home listed for $1,150,000 (7% below its tax-assessed value), 1121 Beechwood Dr, a 4 bed, 3 bath, 2,532 sqft South Nanaimo home listed for $949,000 (4% below its tax-assessed value).
The 3 highest priced new listings this week are 211 Ferntree Pl, a 3 bed, 4 bath, 3,808 sqft Uplands home listed for $2,950,000. 5326 Dewar Rd a 8 bed, 8 bath, 5262 sqft North Nanaimo home listed for $2,688,000. 7190 Hase Pl a 6 bed, 5 bath, 3330 sqft Upper Lantzville home listed for $2,500,000.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 7619 Lantzville Rd who secured a 19% discount off the $1,799,000 asking price (sale price $1,450,000). The buyers of 2271 East Wellington Rd who secured a 17% discount off the $2,048,000 asking price (sale price $1,700,000). The buyers of 4785 Hammond Bay Rd who secured a 9% discount off the $1,049,900 asking price (sale price $960,000).
The 3 highest cost per sqft sales this week were 2271 East Wellington Rd a 3 bed, 3 bath, 1,418 sqft South Jingle Pot home sold for $1,700,000 ($1,199/sqft), 7619 Lantzville Rd, a 6 bed, 2 bath, 1,387 sqft Lower Lantzville home sold for $1,450,000 ($1,045/sqft), 119 Irwin St, a 3 bed, 1 bath, 1,084 sqft South Nanaimo home sold for $750,000 ($692/sqft).
The 3 highest sales this week were 2271 East Wellington Rd, a 3 bed, 3 bath, 1,418 sqft South Jingle Pot home sold for $1,700,000. 7619 Lantzville Rd, a 6 bed, 2 bath, 1,387 sqft Lower Lantzville home sold for $1,450,000. 8060 Southwind Dr, a 4 bed, 5 bath, 3,108 sqft Upper Lantzville home sold for $1,385,000.
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 John’s Life
This past week we introduced two income producing Nanaimo properties to the market, we sold a property on Gabriola Island, we received an accepted offer on a Central Nanaimo condo, and handed over keys on a Parksville Warehouse.
On the personal side, I had an epic week. UFC Canada invited me out to Montreal to connect with other MMA officials from across Canada. It was an opportunity for us to refine our skills and connect the Canadian Officials (image here). We attended the local Montreal Professional MMA Promotion Samourai MMA (image here) which took place inside a 100 year old train station (image here). The finale was attending cage side at UFC 315 at the Bell Centre. We witnessed Jose Aldo retire from MMA, Valentina Shevchenko retain her title, & Velal Muhammad lose his title to Jack Della Maddalena. It was the largest non-hockey gate the venue has ever seen and the energy was electric.
- John Cooper
