Nanaimo Real Estate Resources for Buyers and Sellers - John Cooper ...

Monthly Market Update:

March Newsletter 2025

This week a record number of new single family detached homes were introduced to the Nanaimo market. This is the highest number of new listings we have seen since August of 2024. That said, we have also seen an increase in sales. 19 single family homes sold in the last 7 days which is 7 more sales
February Newsletter 2025

February 2025 January 2025 saw a 32% increase in unit sales over January 2024. This past month was the busiest start to a year we've seen in over 5 years. New listings have remained steady as have weekly sales. I’m forecasting a healthy spring market with values holding and inventory increasing. T
January Newsletter 2025

January 2025 December 2024 was a busier month than expected and there is much optimism about the 2025 real estate market. Anecdotally, I have been meeting with many homeowners who are preparing to make a move. Homeowners who are early to market have a keen advantage and avoid the competition that
December Newsletter 2024

December 2024 The last 12 months have seen a modest reduction in interest rates, combined with a modest increase in housing inventory. This has led to balanced market conditions for most of 2024. Sellers waiting for prices to increase are being met with market resistance. Buyers waiting for prices
November 2024 Nanaimo Market Update

November 2024 In my weekly review of sales statistics, I've consistently predicted a slow rise in inventory and steady prices since April 2024. As we approach the final weeks of the year, these predictions are proving accurate. Average sale prices have remained within a 3% margin of their
October Newsletter 2024

October 2024 The rate of new single-family residential listings has slowed since last week. 36 properties were listed this week, down from 47 last week. New single family sales have increased subtly from 10 last week to 12 this week. The biggest increase has been in the number of cancellations and
John Cooper Shares Market Insights in CHEK News Interview

In a recent interview with CHEK News, John Cooper discussed the current state of the Vancouver Island housing market. Joined by Vancouver Island Real Estate Board (VIREB) CEO Jason Yochim. John shared his unique perspective on why Central Vancouver Island remains resilient, even as other regions ex
Island Real Estate Trends and September 2024 Market Outlook

September 2024September is always an exciting time in the real estate market—what I like to call the “second spring.” After a summer of market fluctuations, we often see a surge of activity as both buyers and sellers aim to finalize their moves before winter sets in. This is a key month to pay at
Island Real Estate Trends and August 2024 Market Outlook

August 2024August is always an important month for statistical analysis. Sellers have received all of the market feedback from their attempts to sell in the spring and the inventory trends for the year are starting to solidify in a meaningful way. This week new single family residential listings i
Island Real Estate Trends and July 2024 Market Outlook

July 2024 It has been a busy spring market, however, statistically sales are down from 2023 and inventory is rising. Prices are holding steady and that is expected to continue unless we continue to see inventory rise. Summer in Vancouver Island typically sees new listing inventory slow down. I did
Island Real Estate Trends and June 2024 Market Outlook

June 202412 months to date sales are up, but so is inventory. Month-over-month sales are down. What should we expect to see moving forward? I am predicting subtle downward pressure on pricing, a subtle increase in available inventory, and stable demand. It's back to real estate fundamentals. Selle
Island Real Estate Trends and May 2024 Market Outlook

May 2024Spring 2024 is outperforming 2023 by every conceivable metric. Sales are up, inventory is up, rates are holding and consumer sentiment is up. This is good news for Vancouver Island. “Slow and steady, wins the race” and slow and steady has consistently been a trend in the Central Vancouver
Island Real Estate Trends and April 2024 Market Outlook

April 2024Inventory is on the rise, demand is steady and prices are holding firm. The Vancouver Island Real Estate Market is entering the most active 12 weeks of the year. It is expected that 2024 will outperform 2023. Consumer confidence has been improving with some modest reductions in interest
Island Real Estate Trends and March 2024 Market Outlook

March 2024Are you ready for Spring 2024!? Don't let this week's snowfall mislead you, we are stepping into what looks to be a busy spring real estate market. We have seen a big increase in buyer activity compared to this time last year as well as an increase in new listings c
Island Real Estate Trends and February 2024 Market Outlook

February 2024It’s February and love is in the air! I love this month as it marks the beginning of the 2024 real estate season. February is a formative month for the critical spring real estate season. March, April, May & June are typically the highest trading volume months in the year so, for me, F
Island Real Estate Trends and January 2024 Market Outlook

Happy New Year! ❤️ 2023 has come to an end and we now set our sights on 2024. Looking back, 2023 started out with a lot of uncertainty. I recall being very nervous about how the real estate market was going to perform. As it turned out, we had some bumps and bruises, but overall it could have been m
John Cooper’s 2023 Year In Review

The last few weeks' trading volume has slowed down significantly due to the holiday season which hopefully means that everybody is enjoying some downtime with their loved ones. As we approach the end of this year, I want to take a moment to reflect on the events and milestones that defined 2023. It'
Island Real Estate Trends and December 2023 Market Outlook

December 2023 Nanaimo Market Update December 2023 Nanaimo Single Family Home Real Estate Market Update. If you have specific questions about the Nanaimo Real Estate Market, including Ladysmith, Parksville & Qualicum Beach, I am available to help. I am available to meet with you in person or on t
Island Real Estate Trends and November 2023 Market Outlook

November 2023 With Less than 8 weeks remaining in 2023, it is a perfect time to define your real estate plan for 2024. Presently interest rates are holding steady and the industry is reasonably optimistic that this will hold into Q1 2024. Are prices going to start rising in 2024? My instincts sugg
Island Real Estate Trends and October 2023 Market Outlook

October 2023 "The times they are a-changin'" - Bob Dylan It would appear that we need to come to grips with a new world of higher interest rates. The real estate investors of the 80’s and 90’s warned us that these days could come and encouraged caution with their “cash is king” mantra of the day.
Nanaimo Real Estate Market Update - September 2023

September 2023 As of today, I am officially a parent of 2 high school students. The excitement is real, as my 2 girls get prepared for their introduction to school. Just like my girls getting ready for school, many of my clients are getting ready to take action during this fall market. This is the
Nanaimo Real Estate Market Update - August 2023

August 2023 Don’t fall victim to the FOMO anxiety that is all too common when August hits and translate that stress to action and get out there and enjoy our island! As the sun continues to grace us with its warmth, the real estate landscape remains equally vibrant. The trends we've witnessed over
Nanaimo Real Estate Market Update - July 2023

July 2023 It's getting hot in here! The hot weather has arrived right alongside the hot market. That being said, I believe this weather might remain hotter for longer than the market. June was busy as sellers raced to take advantage of the spring market,
Nanaimo Real Estate Market Update - June 2023

June 2023 “Balanced market conditions that slightly favour sellers”. In one sentence, that is what's going on in the Vancouver Island real estate market. Accurate information is the most important ingredient for success in this sensitive market. Clearly and confidently understanding when the best
Monthly Market Update - May 2023

May 2023 We are smack dab in the middle of the busiest time of year for real estate trading on Vancouver Island. The busiest months for real estate trading are May, June, April, September, & October (in that order). Mid May represents the middle of the spring market. 2023 has s

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