Notable New Listings
I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 27 View St a 4 bed, 2 bath, 2,808 sqft South Nanaimo home listed for $679,000 ($242/sqft), 2555 Departure Bay Rd a 5 bed, 2 bath, 3,151 sqft Departure Bay home listed for $872,880 ($277/sqft), 2415 Departure Bay Rd a 7 bed, 8 bath, 6,726 sqft Departure Bay home listed for $1,889,000 ($281/sqft).
The 3 homes listed this week with the highest $/sqft are 2405 Lindsey Rd a 2 bed, 2 bath, 1,472 sqft Cedar home listed for $1,299,000 ($882/sqft), 2566 Steve Ellis Rd a 5 bed, 4 bath, 2,711 sqft North Jingle Pot home listed for $2,390,000 ($882/sqft), 50 Mount Benson St a 3 bed, 1 bath, 1,111 sqft Brechin Hill home listed for $749,900 ($675/sqft).
The 3 homes priced the most below their assessed value are 2319 Rosstown Rd a 4 bed, 3 bath, 2,154 sqft Diver Lake home listed for $767,000 (7% below its tax-assessed value), 512 Martina Way a 4 bed, 3 bath, 2,804 sqft Diver Lake home listed for $950,000 (6% below its tax-assessed value), 4552 Suncrest Rd a 3 bed, 3 bath, 2,019 sqft Diver Lake home listed for $799,900 (5% below its tax-assessed value).
The 3 least expensive new listings this week are 443 Aysgarth St a 3 bed, 2 bath, 1,426 sqft University District home listed for $559,900. 1040 Moyse Cres a 3 bed, 1 bath, 1,135 sqft Central Nanaimo home listed for $599,900. 1817 Meadowlark Cres a 3 bed, 1 bath, 1,178 sqft Cedar home listed for $649,900.
The 3 most expensive new listings this week are 2566 Steve Ellis Rd a 5 bed, 4 bath, 1,426 sqft North Jingle Pot home listed for $2,390,000. 2415 Departure Bay Rd a 7 bed, 8 bath, 6,726 sqft Departure Bay home listed for $1,889,000. 2580 Ingram Rd E a 4 bed, 3 bath, 3,907 sqft Cedar home listed for $1,749,900.
Notable New Sales
The 3 buyers that secured the largest discounts this week are the buyers of 5959 Schooner Way who secured a 11% discount off the $998,000 asking price (sale price $889,000). The buyers of 7165 Royal Dr who secured a 10% discount off the $1,499,000 asking price (sale price $1,350,000). The buyers of 6226 McRobb Ave who secured a 7% discount off the $899,900 asking price (sale price $840,000).
The 3 highest cost per sqft sales this week were 7165 Royal Dr a 3 bed, 2 bath, 1,694 sqft Upper Lantzville home sold for $1,350,000 ($797/sqft), 710 Oakley St a 2 bed, 1 bath, 803 sqft Central Nanaimo home sold for $580,000 ($722/sqft), 626 Sarum Rise Way a 3 bed, 3 bath, 1,962 sqft University District home sold for $1,075,000 ($548/sqft).
The 3 highest sales this week were 5615 Oceanview Terr a 6 bed, 5 bath, 3,959 sqft North Nanaimo home sold for $1,352,000. 7165 Royal Dr a 3 bed, 2 bath, 1,694 sqft Upper Lantzville home sold for $1,350,000. 626 Sarum Rise Way a 3 bed, 3 bath, 1,962 sqft University District home sold for $1,075,000.
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
Summer Vibes & Peak Market: Why I Love What I Do
We have been spoiled with some absolutely spectacular weather in Nanaimo lately—it feels like summer has arrived early on the Island! That heat has perfectly matched the energy of the real estate market. We are officially in the absolute peak of the spring market, with my days completely dominated by back-to-back seller consultations, listing onboardings, and high-stakes offer negotiations.
But the truth is? I absolutely love it. I am built for this. I thrive in the busy days, the fast pace, and—most importantly—the high impact I get to have on people’s lives as they navigate these massive life transitions.
Real estate is a fast-moving landscape of incredible highs and intense, challenging lows. The days are long and fully packed, but navigating it all with such an exceptional team around me makes the entire journey deeply rewarding. We are dialed in, energized, and ready to keep setting the standard for our clients as we head into June.
- John Cooper
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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.
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