Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 415 Machleary St a 7 bed, 4 bath, 3,231 sqft Old City home listed for $717,000 ($222/sqft), 5334 Georgiaview Cres a 6 bed, 3 bath, 3,076 sqft North Nanaimo home listed for $949,999 ($309/sqft), 4826 Vista View Cres a 5 bed, 4 bath, 4,430 sqft North Nanaimo home listed for $1,399,000 ($316/sqft).
The 3 homes listed this week with the highest $/sqft are 351 Wesley St a 2 bed, 2 bath, 1,170 sqft Old City home listed for $979,000 ($837/sqft), 1620 Loat St a 1 bed, 1 bath, 664 sqft Departure Bay home listed for $549,900 ($828/sqft), 1501 Argyle Ave a 6 bed, 4 bath, 3,268 sqft Departure Bay home listed for $2,149,900 ($658/sqft).
The 3 homes priced the most below their assessed value are 3824 Yellow Point Rd a 4 bed, 3 bath, 2,244 sqft Cedar home listed for $1,099,000 (40% below its tax-assessed value), 3250 Telescope Terr a 3 bed, 3 bath, 3,333 sqft Departure Bay home listed for $1,274,900 (17% below its tax-assessed value), 3624 Uplands Dr a 4 bed, 2 bath, 1,973 sqft Uplands home listed for $659,900 (10% below its tax-assessed value).
The 3 least expensive new listings this week are 709 Stirling Ave a 2 bed, 1 bath, 756 sqft University District home listed for $495,000. 451 Irwin St a 3 bed, 2 bath, 864 sqft South Nanaimo home listed for $519,000. 1620 Loat St a 1 bed, 1 bath, 664 sqft Departure Bay home listed for $549,900.
The 3 most expensive new listings this week are 5450 Bayshore Dr a 5 bed, 4 bath, 756 sqft North Nanaimo home listed for $2,350,000. 3856 Gulfview Dr a 8 bed, 6 bath, 4,683 sqft North Nanaimo home listed for $2,295,000. 1501 Argyle Ave a 6 bed, 4 bath, 3,268 sqft Departure Bay home listed for $2,149,900.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 2328 Yellow Point Rd who secured a 13% discount off the $1,125,000 asking price (sale price $981,500). The buyers of 7101 McGill Rd who secured a 7% discount off the $981,000 asking price (sale price $910,000). The buyers of 3224 Uplands Dr who secured a 5% discount off the $749,900 asking price (sale price $714,000).
The 3 highest cost per sqft sales this week were 2328 Yellow Point Rd a 3 bed, 2 bath, 1,500 sqft Cedar home sold for $981,500 ($654/sqft), 6125 Shoreline Dr a 4 bed, 3 bath, 2,307 sqft North Nanaimo home sold for $1,300,000 ($564/sqft), 631 Maple St a 3 bed, 2 bath, 1,514 sqft Brechin Hill home sold for $743,000 ($491/sqft).
The 3 highest sales this week were 6125 Shoreline Dr a 4 bed, 3 bath, 2,307 sqft North Nanaimo home sold for $1,300,000. 6547 Peregrine Rd a 5 bed, 4 bath, 3,228 sqft North Nanaimo home sold for $1,170,000. 2328 Yellow Point Rd a 3 bed, 2 bath, 1,500 sqft Cedar home sold for $981,500.
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
It was another deeply gratifying week of handing over keys and closing chapters for our clients. First, we handed over the keys to an absolute masterpiece of an oceanfront property in Nanoose; you can check out the full video walk-through [right here]. Next, we helped our buyers step into a beautiful North Nanaimo patio home, and officially removed subjects on a charming condo in Duncan.
Behind every smooth transaction, there is usually a complex story! This week, that meant successfully guiding our clients through an oil tank removal. Navigating buried oil tanks can feel like a high-stakes adventure, but having handled this process multiple times now, we’ve built a proven roadmap to keep deal-breakers off the table. Keep an eye out—I’m going to be sharing a detailed breakdown on how to navigate oil tank removals smoothly very soon.
Between showing properties daily and meeting with sellers across the region, one thing is abundantly clear: the market's temperature is constantly shifting right now. To stay ahead of those shifts, you have to be directly on the ground. This past weekend alone, we hosted 5 open houses, bringing our total to nearly 20 open houses hosted this month across our 18 active listings.
That sheer volume of foot traffic and unfiltered buyer feedback gives us a massive, real-time dataset. In a transitioning market where pricing strategy and timing are everything, having that level of ground-level clarity is providing our sellers with a huge strategic advantage right now; and that’s where the real fun is.
If you’ve been waiting for fresh inventory, we have some incredible properties lined up for next week:
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An immaculate ocean view patio home in a prime Ladysmith neighbourhood.
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A fantastic home with a mortgage-helping suite in Nanaimo for under $700,000.
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Potentially some very rare, high-end waterfront opportunities in the Nanoose Bay area.
Curious about what our ground-level market data says about your neighbourhood, or want an early look at next week's listings? Reply directly to this email or send me a message; let’s connect!
- John Cooper
Whether you’re looking for further clarification on the points and insights above, would like to discover your specific home value, or just have real estate questions you’d like answered, I’d love to hear from you!
Reach out to me directly at:
john@johncooper.ca or 250-619-9207
