Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5213 Fox Pl a 4 bed, 3 bath, 2,846 sqft North Nanaimo home listed for $779,900 ($274/sqft), 671 Bowen Rd a 4 bed, 4 bath, 2,609 sqft Central Nanaimo home listed for $734,900 ($282/sqft), 7220 Royal Dr a 6 bed, 3 bath, 4,201 sqft Upper Lantzville home listed for $1,240,000 ($295/sqft).
The 3 homes listed this week with the highest $/sqft are 5515 Turner Rd a 2 bed, 1 bath, 1,082 sqft North Nanaimo home listed for $799,800 ($739/sqft), 987 Buffer Rd a 3 bed, 2 bath, 1,092 sqft South Nanaimo home listed for $699,900 ($641/sqft), 3733 Polaris Dr a 5 bed, 2 bath, 2,075 sqft Hammond Bay home listed for $1,299,900 ($626/sqft).
The 3 homes priced the most below their assessed value are 2237 Blue Jay Way a 3 bed, 2 bath, 1,529 sqft Cedar home listed for $519,900 (19% below its tax-assessed value), 5213 Fox Pl a 4 bed, 3 bath, 2,846 sqft North Nanaimo home listed for $779,900 (9% below its tax-assessed value), 3354 Whitetail Pl a 3 bed, 3 bath, 2,192 sqft Departure Bay home listed for $969,900 (8% below its tax-assessed value).
The 3 highest priced new listings this week are 3141 Galloway Gulch Rd a 7 bed, 4 bath, 5,206 sqft North Jingle Pot home listed for $3,250,000. 5391 Kenwill Dr a 6 bed, 6 bath, 4,424 sqft North Nanaimo home listed for $1,849,900. 4680 Ambience Dr a 9 bed, 6 bath, 4,308 sqft North Nanaimo home listed for $1,729,999.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 3587 Yellow Point Rd who secured a 13% discount off the $719,000 asking price (sale price $625,000). The buyers of 2132 Lark Cres who secured a 11% discount off the $889,000 asking price (sale price $790,000). The buyers of 128 Craig St who secured a 5% discount off the $399,900 asking price (sale price $380,000).
The 3 highest cost per sqft sales this week were 2188 Lark Cres a 3 bed, 2 bath, 1,036 sqft Central Nanaimo home sold for $647,500 ($625/sqft), 6064 Nelson Rd a 3 bed, 1 bath, 1,085 sqft North Nanaimo home sold for $665,000 ($613/sqft), 3002 Charles St a 2 bed, 2 bath, 1,541 sqft Departure Bay home sold for $937,000 ($608/sqft).
The 3 highest sales this week were 2498 Lynburn Cres a 5 bed, 4 bath, 2,893 sqft Departure Bay home sold for $1,295,000. 6608 Golden Eagle Way a 4 bed, 4 bath, 3,929 sqft North Nanaimo home sold for $1,200,000. 1628 Hosanna Way a 4 bed, 2 bath, 1,950 sqft Chase River home sold for $949,000.
If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price.
Last week I spoke as the real estate expert on two Royal Bank of Canada Estate Planning Seminars in Nanaimo. Myself, along with Krog & Co and the RBC Investment Team host several of these a year with the goal of helping our clients better prepare for their future in retirement. I have observed that a little bit of knowledge can have a huge impact. Reach out to me if you are interested in learning about any upcoming seminar dates.
I was asked to sit on a panel at the eXp Regional Sales Rally in Nanaimo last week. Agents from all over Vancouver Island came to network and learn from each other. The owner of eXp Realty, Glenn Sanford, made an unscheduled appearance which was a huge highlight for agents in attendance (image here).
I made a trip down to Victoria last week, to compete in the Victoria Realtor Softball Tournament. This is the 2nd year I was invited to join the eXp team. Last year we lost every game. This year we finished third, losing only 1 game to the inevitable tournament champions at RLP (video here).
- John Cooper
Never miss an update! Subscribe here.
