Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 285 Wall St a 7 bed, 3 bath, 3,513 sqft Central Nanaimo home listed for $874,900 ($249/sqft), 5673 Carrington Rd a 6 bed, 3 bath, 2,931 sqft North Nanaimo home listed for $899,900 ($307/sqft), 1840 Montana Rd a 3 bed, 3 bath, 2,528 sqft Chase River home listed for $789,000 ($312/sqft).
The 3 homes listed this week with the highest $/sqft are 4814 Blue Jay Trail a 4 bed, 3 bath, 2,600 sqft North Nanaimo home listed for $1,999,000 ($769/sqft), 710 Oakley St a 2 bed, 1 bath, 803 sqft Central Nanaimo home listed for $569,000 ($709/sqft), 1560 Brebber Rd a 5 bed, 4 bath, 4,203 sqft Cedar home listed for $2,875,000 ($684/sqft).
The 3 homes priced the most below their assessed value are 3586 Country Club Dr a 3 bed, 3 bath, 1,890 sqft Departure Bay home listed for $599,900 (17% below its tax-assessed value), 1054 Shelby Ann Ave a 3 bed, 3 bath, 1,590 sqft South Nanaimo home listed for $679,000 (14% below its tax-assessed value), 109 Camrose Pl a 3 bed, 3 bath, 2,246 sqft University District home listed for $785,000 (12% below its tax-assessed value).
The 3 least expensive new listings this week are 633 Prideaux St a 2 bed, 1 bath, 833 sqft Old City home listed for $464,900. 451 Irwin St a 3 bed, 1 bath, 864 sqft South Nanaimo home listed for $549,000. 710 Oakley St a 2 bed, 1 bath, 803 sqft Central Nanaimo home listed for $569,000.
The 3 most expensive new listings this week are 1560 Brebber Rd a 5 bed, 4 bath, 833 sqft Cedar home listed for $2,875,000. 5084 Banning Crt a 6 bed, 4 bath, 4,644 sqft North Nanaimo home listed for $2,600,000. 3887 Gulfview Dr a 5 bed, 8 bath, 5,107 sqft Hammond Bay home listed for $2,345,500.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 1546 Grandom Pl who secured a 22% discount off the $899,900 asking price (sale price $700,000). The buyers of 3165 Ingram Rd who secured a 15% discount off the $1,299,000 asking price (sale price $1,100,000). The buyers of 3281 McGuire Way who secured a 8% discount off the $2,130,000 asking price (sale price $1,950,000).
The 3 highest cost per sqft sales this week were 550 Cadogan St a 2 bed, 2 bath, 1,755 sqft Central Nanaimo home sold for $600,000 ($342/sqft), 3927 Jingle Pot Rd a 5 bed, 4 bath, 2,750 sqft North Jingle Pot home sold for $1,100,000 ($400/sqft), 6369 Lewis Rd a 3 bed, 2 bath, 1,885 sqft North Nanaimo home sold for $1,160,000 ($615/sqft).
The 3 highest sales this week were 3281 McGuire Way a 5 bed, 5 bath, 6,115 sqft Cedar home sold for $1,950,000. 2375 Morland Rd a 5 bed, 5 bath, 3,319 sqft Cedar home sold for $1,424,134. 7131 Peterson Rd a 3 bed, 3 bath, 2,073 sqft Lower Lantzville home sold for $1,340,000.
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
It has been an absolute powerhouse of a week, and we hit the ground running with three incredible new properties launching to the market. We officially introduced a stunning new build in Lantzville (see it here), a beautiful custom build next to the Colliery Dam Trails (video here), and an immaculate patio home in North Nanaimo (video here).
I personally hosted the open houses at all three locations over the weekend, and the turnout was fantastic. I always prioritize being there myself because it's the absolute best way to keep a finger on the pulse of the market and secure unfiltered, accurate feedback for my clients. Being hands-on and on the front lines is exactly what you should expect from your listing agent, and I wouldn’t have it any other way.
Beyond the open houses, it was a busy week for industry governance and athletic development: I attended our latest VIREB Professional Standards Committee meeting. Serving on this board is an honour, and I take our responsibility to uphold the highest levels of integrity and ethics in local real estate very seriously.
On the combat sports side of my life, I had the privilege of attending an elite officiating seminar hosted by the legendary "Big John" McCarthy and the Canadian Combat Sport Council. Keeping my skills sharp in the cage translates directly to staying sharp under pressure at the negotiation table.
To cap it all off, we wrapped up the week by celebrating the Victoria Day long weekend. I managed to completely unplug for an afternoon to enjoy a beautiful, crisp walk through Nanaimo River Canyon Park with June and our trusty dachshund, Lucille. There is truly nothing like some fresh Island air and family time to reset the batteries for another busy week.
- 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.
