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

Nanaimo Weekly Take:

Weekly Real Estate Take [January 2025 - Week 2]

Market Update December was an unseasonably busy month with sales up 35% over December 2023. Sales have slown down a bit in January, as is to be expected. New listings have remained steady with 18 new single family homes being introduced to the Nanaimo market in the last 7 days. I am predicting that 2024 will be similar to last 6 months with subtle increases in inventory, steady sales volume and flat appreciation in home prices. Home buyers should expect to see more options over the next 12 weeks. Home sellers should expect prices to be similar to last year. Interested in Your Home's Value? For a personalized market assessment of your home, please email me. I respond directly to every email and prioritize open communication with my clients. Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5680 Lost Lake Rd a 4 bed, 3 bath, 3,261 sqft North Nanaimo home listed for $989,900 ($304/sqft), 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 ($313/sqft), 120 Milton St a 6 bed, 3 bath, 3,090 sqft Old City home listed for $998,000 ($323/sqft). The 3 homes listed this week with the highest $/sqft are 3174 Skyview Rd a 3 bed, 2 bath, 1,262 sqft Upper Lantzville home listed for $995,000 ($788/sqft), 3225 Wayne Morgan Rd a 4 bed, 3 bath, 3,112 sqft North Jingle Pot home listed for $1,999,900 ($643/sqft), 4080 Salal Dr a 3 bed, 2 bath, 1,197 sqft Uplands home listed for $765,000 ($639/sqft). The 3 homes priced the most below their assessed value are 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 (7% below its tax-assessed value), 3174 Skyview Rd a 3 bed, 2 bath, 1,262 sqft Upper Lantzville home listed for $995,000 (7% below its tax-assessed value), 5680 Lost Lake Rd a 4 bed, 3 bath, 3,261 sqft North Nanaimo home listed for $989,900. The 3 highest priced new listings this week are 3225 Wayne Morgan Rd a 4 bed, 3 bath, 3,112 sqft North Jingle Pot home listed for $1,999,900. 156 Golden Oaks Cres a 3 bed, 4 bath, 3,596 sqft Hammond Bay home listed for $1,999,900. 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 3603 Oakridge Dr who secured a 22% discount off the $1,099,900 asking price (sale price $860,000). The buyers of 165 Cilaire Dr who secured a 13% discount off the $1,295,000 asking price (sale price $1,130,000). The buyers of 638 Poplar St who secured a 5% discount off the $649,900 asking price (sale price $620,000). The 3 highest cost per sqft sales this week were 870 Dufferin St a 2 bed, 1 bath, 1,016 sqft Central Nanaimo home sold for $619,000 ($609/sqft), 5133 Parton Dr a 2 bed, 2 bath, 1,542 sqft Uplands home sold for $712,000 ($462/sqft), 638 Poplar St a 2 bed, 1 bath, 1,510 sqft Brechin Hill home sold for $620,000 ($411/sqft). The 3 highest sales this week were 2127 Yellow Point Rd a 4 bed, 3 bath, 2,964 sqft Cedar home sold for $1,200,000. 5565 Norton Rd a 5 bed, 6 bath, 3,352 sqft North Nanaimo home sold for $1,150,000. 165 Cilaire Dr a 5 bed, 4 bath, 3,490 sqft Departure Bay home sold for $1,130,000. 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 This has been a busy week on the listing side. Most of this week was spent meeting with homeowners and putting together our plans to introduce their properties to market at the most opportune time. This can be different, depending on the property type and exit timing. This week we introduced a beautiful downtown condo to the market (video here) and handed over keys to a new homeowner in Parksville. I spent to the last 2 weeks reflecting on what a transformative year 2024 was for me personally and professionally (post here). Professionally, we had an exceptional year and the team and I very grateful for the support we were shown in our community (video here).
Weekly Real Estate Take [January 2025 - Week 1]

Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 ($313/sqft), 3574 Oakridge Dr a 6 bed, 6 bath, 4,587 sqft Departure Bay home listed for $1,495,000 ($326/sqft), 2204 Dodds Rd a 5 bed, 3 bath, 2,200 sqft Extension home listed for $790,000 ($359/sqft).The 3 homes listed this week with the highest $/sqft are 2369 South Wellington Rd a 3 bed, 2 bath, 2,275 sqft Extension home listed for $1,399,000 ($615/sqft), 4169 Orchard Cir a 3 bed, 2 bath, 1,250 sqft Uplands home listed for $609,900 ($488/sqft), 145 Garner Cres a 4 bed, 3 bath, 1,970 sqft University District home listed for $849,000 ($431/sqft).Only 2 homes were priced below their assessed value this week. 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000 (7% below its tax-assessed value), and 145 Garner Cres a 4 bed, 3 bath, 1,970 sqft University District home listed for $849,000 (3% below its tax-assessed value).The 3 highest priced new listings this week are 3279 Shearwater Dr a 5 bed, 5 bath, 5,274 sqft Hammond Bay home listed for $1,649,000. 3574 Oakridge Dr a 6 bed, 6 bath, 4,587 sqft Departure Bay home listed for $1,495,000. 2369 South Wellington Rd a 3 bed, 2 bath, 2,275 sqft Extension home listed for $1,399,000. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 121 Woodhaven Dr who secured a 5% discount off the $1,450,000 asking price (sale price $1,377,000). The buyers of 850 Hecate St secured a 5% discount off the $800,000 asking price (sale price $760,000). The buyers of 2465 Divot Dr secured a 4% discount off the $719,900 asking price (sale price $692,000). The 3 highest cost per sqft sales this week were 4872 Logan's Run a 3 bed, 2 bath, 1,722 sqft North Nanaimo home sold for $790,000 ($459/sqft), 121 Woodhaven Dr a 5 bed, 4 bath, 3,178 sqft Uplands home sold for $1,377,000 ($433/sqft), 2551 Theresa Terr a 3 bed, 2 bath, 1,696 sqft Diver Lake home sold for $730,000 ($430/sqft).The 3 highest sales this week were 121 Woodhaven Dr a 5 bed, 4 bath, 3,178 sqft Uplands home sold for $1,377,000. 4872 Logan's Run a 3 bed, 2 bath, 1,722 sqft North Nanaimo home sold for $790,000. 850 Hecate St a 5 bed, 4 bath, 2,358 sqft Old City home sold for $760,000. 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 is John’s life Over the past week the team and I had accepted offers on 3 properties and removed subjects on 2 properties. Over the next 10 days we will be introducing over 20 properties to the market. We are ready to go in 2025!This past week has been spent enjoying time with my girls after spending Christmas in Puerta Vallarta Mexico. Mexico was a rejuvenating adventure with spectacular weather and wonderful people (video here). Wishing everyone a wonderful 2025. Happy New Year (image here).
Weekly Real Estate Take December 2024 - Week 3

Market Update This week, the Nanaimo real estate market continues to show activity as we move deeper into the holiday season. New listings remain steady with 16 just listed, matching last week’s 15. Sales also saw a slight increase, with 16 sold this week compared to 14 last week. Typically, we expect a slowdown during this time of year, but the market remains active, indicating continued buyer demand and seller motivation as we approach the year’s end. Interested in Your Home's Value? For a personalized market assessment of your home, please email me. I respond directly to every email and prioritize open communication with my clients. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 6488 Lasalle Rd a 5 bed, 3 bath, 3,014 sqft North Nanaimo home listed for $1,008,990 ($335/sqft), 1914 Meredith Rd a 5 bed, 2 bath, 2,300 sqft Central Nanaimo home listed for $799,000 ($347/sqft), 2512 Quennell Rd a 5 bed, 3 bath, 2,248 sqft Cedar home listed for $800,000 ($356/sqft). The 3 homes listed this week with the highest $/sqft are 6237 Dover Rd a 3 bed, 2 bath, 1,296 sqft North Nanaimo home listed for $760,000 ($586/sqft), 120 Hawk Point Rd a 5 bed, 5 bath, 3,157 sqft North Nanaimo home listed for $1,799,999 ($570/sqft), 143 View St a 2 bed, 1 bath, 908 sqft South Nanaimo home listed for $469,000 ($517/sqft). There was only one home priced below its assessed value this week. 2512 Quennell Rd a 5 bed, 3 bath, 2,248 sqft Cedar home listed for $800,000 (5% below its tax-assessed value) The 3 highest priced new listings this week are 4650 Ambience Dr a 7 bed, 5 bath, 4,186 sqft North Nanaimo home listed for $1,980,000. 120 Hawk Point Rd a 5 bed, 5 bath, 3,157 sqft North Nanaimo home listed for $1,799,999. 6300 Corfu Dr a 5 bed, 3 bath, 3,049 sqft North Nanaimo home listed for $1,179,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 3456 Budehaven Dr who secured a 9% discount off the $1,492,000 asking price (sale price $1,360,000). The buyers of 3638 Ranch Point Rd secured a 7% discount off the $1,099,900 asking price (sale price $1,022,500). The buyers of 208 Westwood Rd secured a 6% discount off the $1,144,000 asking price (sale price $1,080,000). The 3 highest cost per sqft sales this week were 625 Winchester Ave a 3 bed, 2 bath, 1,249 sqft South Nanaimo home sold for $678,750 ($543/sqft), 3456 Budehaven Dr a 4 bed, 3 bath, 2,770 sqft Hammond Bay home sold for $1,360,000 ($491/sqft), 5375 Fillinger Cres a 3 bed, 2 bath, 1,722 sqft North Nanaimo home sold for $835,000 ($485/sqft). The 3 highest sales this week were 3456 Budehaven Dr a 4 bed, 3 bath, 2,770 sqft Hammond Bay home sold for $1,360,000. 104 Golden View Dr a 5 bed, 3 bath, 3,071 sqft Hammond Bay home sold for $1,175,000. 6632 Jenkins Rd a 6 bed, 4 bath, 3,100 sqft Pleasant Valley home sold for $1,100,000. 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 This week was another fantastic one in Mexico. Stephen flew down to join me, and we’ve been making the most of both work and leisure. I had the chance to visit a local Jiu-Jitsu club (photo here), where I brushed up on some old moves, and we also spent some quality time relaxing on the beach (video here). It’s been the perfect balance of adventure and downtime! On the business front, it’s been a busy and productive week. We secured an accepted offer on a stunning home in Nanoose Bay, celebrated an offer going unconditional, and handed over keys to two happy clients. On top of that, we’re marking Stephen’s 1-year anniversary with the team (photo here)! Plenty to celebrate as we close out 2024 on a high note! - John Cooper
Weekly Real Estate Take December 2024 - Week 2

Market Update The number of new single-family homes being listed is declining each week. We are down about 50% from 30 days ago. This is a predictable seasonal trend. The next 30 days are not ideal for selling homes, as attention is elsewhere. That said, we saw 14 homes sell in the last 7 days, which is consistent with the last 2 weeks. Interest rates were lowered this week, which should help maintain healthy sales volume in the first quarter of 2025. Interested in Your Home's Value? For a personalized market assessment of your home, please email me. I respond directly to every email and prioritize open communication with my clients. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 545 Poets Trail Dr a 6 bed, 4 bath, 2,904 sqft University District home listed for $928,000 ($320/sqft), 408 10th St a 6 bed, 4 bath, 2,669 sqft South Nanaimo home listed for $886,000 ($332/sqft), 650 Hawkins St a 5 bed, 2 bath, 2,364 sqft Brechin Hill home listed for $839,900 ($355/sqft). The 3 homes listed this week with the highest $/sqft are 6237 Dover Rd a 3 bed, 2 bath, 1,296 sqft North Nanaimo home listed for $760,000 ($586/sqft), 109 - 1217 Manzanita Pl a 4 bed, 4 bath, 2,120 sqft Departure Bay home listed for $1,199,000 ($566/sqft), 5993 Sealand Rd a 3 bed, 2 bath, 1,306 sqft North Nanaimo home listed for $709,900 ($544/sqft). The 3 homes priced the most below their assessed value are 545 Poets Trail Dr a 6 bed, 4 bath, 2,904 sqft University District home listed for $928,000 (3% below its tax-assessed value), 5993 Sealand Rd a 3 bed, 2 bath, 1,306 sqft North Nanaimo home listed for $709,900 (0% below its tax-assessed value), 6237 Dover Rd a 3 bed, 2 bath, 1,296 sqft North Nanaimo home listed for $760,000 (3% below its tax-assessed value). The 3 highest priced new listings this week are 426 Aysgarth St a 4 bed, 2 bath, 1,678 sqft University District home listed for $640,000. 638 Poplar St a 2 bed, 1 bath, 1,510 sqft Brechin Hill home listed for $649,900. 5993 Sealand Rd a 3 bed, 2 bath, 1,306 sqft North Nanaimo home listed for $709,900. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 7408 High Ridge Cres who secured a 15% discount off the $2,385,000 asking price (sale price $2,025,000). The buyers of 1011 Beach Dr who secured a 10% discount off the $999,999 asking price (sale price $900,000). The buyers of 3456 Budehaven Dr who secured a 9% discount off the $1,492,000 asking price (sale price $1,360,000). The 3 highest cost per sqft sales this week were 365 Pine St a 2 bed, 1 bath, 611 sqft University District home sold for $400,000 ($655/sqft), 432 Pine St a 2 bed, 2 bath, 913 sqft South Nanaimo home sold for $515,000 ($564/sqft), 270 Crestline Terr a 4 bed, 3 bath, 2,722 sqft Hammond Bay home sold for $1,375,000 ($505/sqft). The 3 highest sales this week were 365 Pine St a 2 bed, 1 bath, 611 sqft University District home sold for $400,000. 432 Pine St a 2 bed, 2 bath, 913 sqft South Nanaimo home sold for $515,000. 2750 Country Club Dr a 3 bed, 3 bath, 1,659 sqft Departure Bay home sold for $710,000. 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 This week we celebrated an outstanding year as a team. We accomplished a lot in 2024 including a brand revamp and a valuable addition to our advisor team (image here). View our sales results here. View our listing results here. Last week I witnessed a gorgeous winter day while visiting Thetis Island (video here). I am now celebrating our year with some much-needed recharge time in Puerto Vallarta (image here). I spent some time in El Malecon (video here). The last 2 days were spent witnessing a massive Mexican holiday (video here). Feliz Navidad y próspero año nuevo.
Weekly Real Estate Take [December 2024 - Week 1]

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 to drop are seeing prices hold steady. It is my prediction that this trend will continue into 2025. Rates will continue to come down subtly, inventory will continue to increase subtly. Trading volume will continue to hold. Considering global macroeconomic factors, this is a positive outlook for 2025 in Central Vancouver Island. Interested in Your Home's Value? The time for 2025 real estate planning is now! Email me for a personalized market assessment. I respond to every inquiry personally and prioritize open communication with my clients. I'm here to help! John Cooper250.619.9207john@johncooper.ca Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 994 Old Victoria Rd a 5 bed, 2 bath, 2,466 sqft Chase River home listed for $499,000 ($202/sqft), 307 Elizabeth St a 3 bed, 2 bath, 2,759 sqft Old City home listed for $724,900 ($263/sqft), 1020 Hawkes Turnaround a 5 bed, 3 bath, 2,526 sqft Central Nanaimo home listed for $675,000 ($267/sqft),The 3 homes listed this week with the highest $/sqft are 3780 Norwell Dr a 3 bed, 2 bath, 1,744 sqft Uplands home listed for $1,249,000 ($716/sqft), 109 - 1217 Manzanita Pl a 4 bed, 4 bath, 2,120 sqft Departure Bay home listed for $1,199,000 ($566/sqft), 502 Ninth St a 3 bed, 2 bath, 1,409 sqft South Nanaimo home listed for $750,000 ($532/sqft). The 3 homes priced the most below their assessed value are 994 Old Victoria Rd a 5 bed, 2 bath, 2,466 sqft Chase River home listed for $499,000 (17% below its tax-assessed value). 1020 Hawkes Turnaround a 5 bed, 3 bath, 2,526 sqft Central Nanaimo home listed for $675,000 (5% below its tax-assessed value), 1010 Chelsea Cres a 1 bed, 2 bath, 1,134 sqft Central Nanaimo home listed for $569,900 (4% below its tax-assessed value). The 3 highest priced new listings this week are 3623 Ranch Point Rd a 5 bed, 5 bath, 3,700 sqft North Jingle Pot home listed for $1,259,900. 3780 Norwell Dr a 3 bed, 2 bath, 1,744 sqft Uplands home listed for $1,249,000. 5565 Norton Rd a 5 bed, 6 bath, 3,352 sqft North Nanaimo home listed for $1,200,000. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 6225 Garside Rd who secured a 9% discount off the $975,000 asking price (sale price $890,000). The buyers of 2027 Cinnabar Dr secured a 7% discount off the $699,900 asking price (sale price $650,000). The buyers of 896 Townsite Rd secured a 7% discount off the $565,000 asking price (sale price $525,000). The 3 highest cost per sqft sales this week were 896 Townsite Rd a 2 bed, 1 bath, 981 sqft Central Nanaimo home sold for $525,000 ($535/sqft), 117 Kamp Pl a 2 bed, 2 bath, 1,302 sqft University District home sold for $631,000 ($485/sqft), 2750 Country Club Dr a 3 bed, 3 bath, 1,659 sqft Departure Bay home sold for $710,000 ($428/sqft). The 3 highest sales this week were 7940 Northwind Dr a 5 bed, 4 bath, 2,928 sqft Upper Lantzville home sold for $1,070,000. 7118 Caillet Rd a 3 bed, 3 bath, 2,528 sqft Lower Lantzville home sold for $1,065,000. 618 Eighth St a 6 bed, 4 bath, 2,540 sqft South Nanaimo home sold for $979,500. 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 is John’s life This week saw us hand over keys on a condo in South Nanaimo and a rancher in the University District. We also removed subjects on a large development property in North Nanaimo. I welcomed a new member to our family with the addition of Lucille (image here). I witnessed a beautiful sunrise on a recent trip to our cottage on Thetis Island (image here). The big highlight of this week was the celebration of my youngest daughter Junes’s 14th Birthday (image here). Lucille has also applied to be a part of our client care team and interviews are ongoing (image here).
Weekly Real Estate Take [November 2024 - Week 5]

The number of new single family homes listed in Nanaimo this week has declined from 33 last week to 25 this week. Single family home sales have also declined from 23 last week to only 10 this week. With less than 4 weeks until Christmas holidays, this downward trend in sales and new listings is expected to continue. The period from December 15 to January 15 tends to be the least active time stretch for single family homes as reflected in historical sales records. The market will start picking up in February 2025. Interested in Your Home's Value? For a personalized market assessment of your home, please email me. I respond directly to every email and prioritize open communication with my clients. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 3480 Hammond Bay Rd a 5 bed, 3 bath, 3,587 sqft Departure Bay home listed for $739,900 ($206/sqft), 95 Kennedy St a 8 bed, 5 bath, 4,775 sqft Old City home listed for $995,000 ($208/sqft), 3067 Hammond Bay Rd a 4 bed, 3 bath, 3,277 sqft Hammond Bay home listed for $799,900 ($244/sqft). The 3 homes listed this week with the highest $/sqft are 3786 Jingle Pot Rd a 5 bed, 4 bath, 2,213 sqft North Jingle Pot home listed for $2,295,000 ($1037/sqft), 870 Dufferin St a 2 bed, 1 bath, 1,016 sqft Central Nanaimo home listed for $629,900 ($620/sqft), 2974 Haslam Rd a 6 bed, 5 bath, 4,320 sqft Cedar home listed for $2,650,000 ($613/sqft). The 3 homes priced the most below their assessed value are 5213 Hammond Bay Rd a 3 bed, 2 bath, 1,311 sqft North Nanaimo home listed for $649,900 (12% below its tax-assessed value), 4872 Logan's Run a 3 bed, 2 bath, 1,722 sqft North Nanaimo home listed for $799,900 (5% below its tax-assessed value), 208 Rockmount Pl a 3 bed, 3 bath, 2,910 sqft Hammond Bay home listed for $1,000,000 (3% below its tax-assessed value). The 3 highest priced new listings this week are 2974 Haslam Rd a 6 bed, 5 bath, 4,320 sqft Cedar home listed for $2,650,000. 3786 Jingle Pot Rd a 5 bed, 4 bath, 2,213 sqft North Jingle Pot home listed for $2,295,000. 4408 Gulfview Dr a 6 bed, 4 bath, 3,225 sqft Hammond Bay home listed for $1,324,999. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 104 Fifth St who secured a 4% discount off the $569,900 asking price (sale price $545,000). The buyers of 5172 Somerset Dr who secured a 4% discount off the $719,900 asking price (sale price $691,500). The buyers of 8083 Southwind Dr who secured a 4% discount off the $949,900 asking price (sale price $913,000). The 3 highest cost per sqft sales this week were 1671 Stewart Ave a 2 bed, 2 bath, 1,038 sqft Brechin Hill home sold for $719,700 ($693/sqft), 1724 Harambe Way a 3 bed, 2 bath, 1,465 sqft Chase River home sold for $799,000 ($545/sqft), 5898 Ralston Dr a 2 bed, 2 bath, 1,488 sqft Uplands home sold for $770,000 ($517/sqft. The 3 highest sales this week were 8083 Southwind Dr a 4 bed, 3 bath, 2,621 sqft Upper Lantzville home sold for $913,000. 4930 Hartwig Cres a 3 bed, 3 bath, 1,820 sqft North Nanaimo home sold for $881,200. 399 Chestnut St a 3 bed, 3 bath, 1,669 sqft Brechin Hill. 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 This week Stephen Schaff and I ventured to Whistler, BC for the exp Realty Winterfest Christmas Party. Whistler was thriving as they received a large snowfall allowing them to open the hill early. The event was a “Casino Royale’ theme so Stephen and I were able to dust off our bow ties (image here). My brother and sister and I celebrated a milestone as we all became shareholders in our first Commercial Real Estate business (image here). My coach Zoltan, decided to document my progress as a boxer and compiled this footage of me working focus mitts with our assistant coach and professional boxer Glenn Forde (video here). - John Cooper
Weekly Real Estate Take [November 2024 - Week 4]

This week we saw a healthy increase in new sales with single-family home sales doubling to 23 sales, up from 10 last week. Surprisingly, we also saw an increase in new single-family homes hitting the market with 33 homes hitting the market in the last 7 days. The Nanaimo real estate market is feeling healthy and stable and there is a lot of optimism about the spring 2025 market. I expect that we will continue to see balanced market conditions with trading volumes consistent with 10-year averages. Interested in Your Home's Value? For a personalized market assessment of your home, please email me. I respond directly to every email and prioritize open communication with my clients. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 177 Piper Cres a 3 bed, 2 bath, 3,100 sqft Hammond Bay home listed for $899,900 ($290/sqft), 5106 Carol Pl a 4 bed, 3 bath, 3,028 sqft Pleasant Valley home listed for $899,900 ($297/sqft), 122 Bonavista Pl a 6 bed, 4 bath, 3151 sqft North Nanaimo home listed for $999,900 ($317/sqft). The 3 homes listed this week with the highest $/sqft are 6060 Nelson Rd a 3 bed, 1 bath, 1572 sqft North Nanaimo home listed for $320,0000 ($2036/sqft), 1931 Legacy Pl a 4 bed, 3 bath, 916 sqft Cedar home listed for $1,599,900 ($1747/sqft), 5611/5621 Hammond Bay Rd a 5 bed, 3 bath, 2,600 sqft North Nanaimo home listed for $2,298,000 ($884/sqft). The 3 homes priced the most below their assessed value are 365 Pine St a 2 bed, 1 bath, 611 sqft University District home listed for $429,900 (14% below its tax-assessed value), 3252 Emerald Dr a 3 bed, 2 bath, 1,365 sqft Uplands home listed for $615,000 (6% below its tax-assessed value), 909 Brookfield Pl a 3 bed, 2 bath, 1,256 sqft South Nanaimo home listed for $759,000 (5% below its tax-assessed value). The 3 highest priced new listings this week are 6060 Nelson Rd a 3 bed, 1 bath, 1,572 sqft North Nanaimo home listed for $3,200,000. 3340 Stephenson Point Rd a 5 bed, 5 bath, 4,259 sqft Departure Bay home listed for $3,195,000. 5611/5621 Hammond Bay Rd a 5 bed, 3 bath, 2,600 sqft North Nanaimo home listed for $2,298,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 7255 Aulds Rd who secured a 11% discount off the $2,600,000 asking price (sale price $2,315,000). The buyers of 5983 Stillwater Way who secured a 11% discount off the $940,000 asking price (sale price $840,000). The buyers of 6691 Medd Rd who secured a 11% discount off the $1900000 asking price (sale price $1700000). The 3 highest cost per sqft sales this week were 7255 Aulds Rd a 5 bed, 5 bath, 4,882 sqft Upper Lantzville home sold for $2,315,000 ($474/sqft), 5927 Oliver Rd a 3 bed, 2 bath, 1,682 sqft Uplands home sold for $765,500 ($455/sqft), 1217 Rose Ann Dr a 3 bed, 2 bath, 1,793 sqft Departure Bay home sold for $785,000 ($438/sqft). The 3 highest sales this week were 7255 Aulds Rd a 5 bed, 5 bath, 4,882 sqft Upper Lantzville home sold for $2,315,000. 4630 Laguna Way a 6 bed, 5 bath, 4,403 sqft North Nanaimo home sold for $1,800,000. 6691 Medd Rd a 8 bed, 7 bath, 4,753 sqft North Nanaimo home sold for $1,700,000. 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 November 2024 has been busier than expected with 11 pending sales on our transaction board. Most of our new listings won't be introduced to the market until the new year and we are actively meeting with homeowners preparing our strategic launch plans for the spring. This past weekend my girls and I made a trip to Thetis Island to check on our cottage and witnessed the most spectacular sunset (video here). - John Cooper
Weekly Real Estate Take [November 2024 - Week 1]

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 starting point, and inventory has increased across all asset categories. Overall, the market remains balanced, with realistically priced homes selling within an average of 36 days, while overpriced homes linger. Declining interest rates have contributed to market stability, but haven't driven price increases—a trend I anticipate will persist. The forecast for the next 6 to 12 months is a stable, balanced market with minimal appreciation. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me.John Cooper250.619.9207john@johncooper.ca Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 910 Beaufort Dr a 4 bed, 2 bath, 2,238 sqft Central Nanaimo home listed for $739,999 ($331/sqft), 5767 Bradbury Rd a 5 bed, 4 bath, 3,018 sqft North Nanaimo home listed for $999,900 ($331/sqft), 930 Brechin Rd a 4 bed, 2 bath, 2,258 sqft Brechin Hill home listed for $757,800 ($336/sqft). The 3 homes listed this week with the highest $/sqft are 1641 Bowen Rd a 2 bed, 1 bath, 776 sqft Central Nanaimo home listed for $1,149,900 ($1482/sqft), 351 Wesley St a 2 bed, 2 bath, 1,135 sqft Old City home listed for $1,499,000 ($1,321/sqft), 5378 Rutherford Rd a 2 bed, 2 bath, 1,319 sqft North Nanaimo home listed for $1,199,000 ($909/sqft). The 3 homes priced the most below their assessed value are 5767 Bradbury Rd a 5 bed, 4 bath, 3,018 sqft North Nanaimo home listed for $999,900 (9% below its tax-assessed value), 1965 Walsh Rd a 4 bed, 3 bath, 2,060 sqft Cedar home listed for $799,900 (4% below its tax-assessed value), 930 Brechin Rd a 4 bed, 2 bath, 2,258 sqft Brechin Hill home listed for $757,800 (3% below its tax-assessed value). The 3 highest priced new listings this week are 3225 Wayne Morgan Rd a 4 bed, 3 bath, 3,112 sqft North Jingle Pot home listed for $2,199,900, 351 Wesley St a 2 bed, 2 bath, 1,135 sqft Old City home listed for $1,499,000, 196 Golden Oaks Cres a 7 bed, 5 bath, 3,600 sqft Hammond Bay home listed for $1,350,000. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 657 Farquhar St who secured a 11% discount off the $639,000 asking price (sale price $570,000). The buyers of 3683 Caldwell St who secured a 10% discount off the $695,000 asking price (sale price $625,000). The buyers of 5675 Metral Dr who secured a 7% discount off the $1,050,000 asking price (sale price $975,000). The 3 highest cost per sqft sales this week were 3708 Overlook Dr a 4 bed, 5 bath, 4,181 sqft Hammond Bay home sold for $1,985,000 ($475/sqft), 1775 Rajeena Way a 5 bed, 3 bath, 2,347 sqft Chase River home sold for $1,075,000 ($458/sqft), 3683 Caldwell St a 4 bed, 2 bath, 1,464 sqft Uplands home sold for $625,000 ($427/sqft). The 3 highest sales this week were 3708 Overlook Dr a 4 bed, 5 bath, 4,181 sqft Hammond Bay home sold for $1,985,000, 6108 Clayburn Pl a 5 bed, 5 bath, 3,589 sqft North Nanaimo home sold for $1,149,900, 1775 Rajeena Way a 5 bed, 3 bath, 2,347 sqft Chase River 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 is John’s life The last week has been hectic at John Cooper & Associates headquarters. In the last 7 days we have put over $3,000,000 worth of real estate under contract. The next 10 days will see these trades engaged in due diligence. We introduced a cute rancher to the Nanaimo Market (video here) and handed over keys to a cute rancher in Ladysmith (picture here). On Friday our team attended the Professional Development Day hosted by VIREB at the Vancouver Island Convention Centre (image here). We had a great time this week celebrating Halloween including a creepy encounter at our office (image here) and a cosmic visit from Captain Jean-Luc Picard (image here). I received a really cool gift this week, personally signed by Ladysmith’s Pamela Anderson (video here).
Weekly Real Estate Take [October 2024 - Week 4]

This week we, surprisingly, saw an increase in new single-family listings with 32 new listings hitting the market. Up from 28 last week. There was also an increase in new sales, with 21 single-family homes selling in the last 7 days, compared to 14 sales last week. The latest interest rate announcements have led to an increase in optimism and momentum with purchasers and this should keep our local market healthy as we head into the last 69 days of 2024. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 2021 Frostbirch Way a 6 bed, 4 bath, 2,824 sqft Chase River home listed for $950,000 ($336/sqft), 6418 Dover Rd a 6 bed, 4 bath, 2,961 sqft North Nanaimo home listed for $999,000 ($337/sqft), 410 Rosehill St a 3 bed, 2 bath, 1,750 sqft Central Nanaimo home listed for $599,000 ($342/sqft). The 3 homes listed this week with the highest $/sqft are 1641 Bowen Rd a 2 bed, 1 bath, 776 sqft Central Nanaimo home listed for $1,149,900 ($1482/sqft), 3760 Polaris Dr a 4 bed, 4 bath, 3,028 sqft Hammond Bay home listed for $3,495,000 ($1154/sqft), 1300 Seaview Pl a 3 bed, 3 bath, 1,972 sqft Departure Bay home listed for $1,499,900 ($761/sqft). The 3 homes priced the most below their assessed value are 2021 Frostbirch Way a 6 bed, 4 bath, 2,824 sqft Chase River home listed for $950,000 (16% below its tax-assessed value), 6063 Breonna Dr a 3 bed, 5 bath, 3,890 sqft North Nanaimo home listed for $2,149,900 (11% below its tax-assessed value), 410 Rosehill St a 3 bed, 2 bath, 1,750 sqft Central Nanaimo home listed for $599,000 (8% below its tax-assessed value). The 3 highest priced new listings this week are 3760 Polaris Dr a 4 bed, 4 bath, 3,028 sqft Hammond Bay home listed for $3,495,000. 2655 Steve Ellis Rd a 7 bed, 7 bath, 6,368 sqft North Jingle Pot home listed for $2,899,900. 6063 Breonna Dr a 3 bed, 5 bath, 3,890 sqft North Nanaimo home listed for $2,149,900. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 121 Shammys Pl who secured a 10% discount off the $1,998,000 asking price (sale price $1,800,000). The buyers of 2189 Michigan Way secured a 7% discount off the $890,000 asking price (sale price $825,000). The buyers of 421 Blythe Ave secured a 7% discount off the $724,900 asking price (sale price $675,000). The 3 highest cost per sqft sales this week were 7704 Clark Dr a 2 bed, 2 bath, 774 sqft Upper Lantzville home sold for $735,000 ($950/sqft), 5933 Breonna Dr a 3 bed, 2 bath, 1,458 sqft North Nanaimo home sold for $758,000 ($520/sqft), 3780 Hammond Bay Rd a 5 bed, 5 bath, 3,497 sqft Hammond Bay home sold for $1,788,000 ($511/sqft). The 3 highest sales this week were 121 Shammys Pl a 4 bed, 4 bath, 3,743 sqft Uplands home sold for $1,800,000. 3780 Hammond Bay Rd a 5 bed, 5 bath, 3,497 sqft Hammond Bay home sold for $1,788,000. 282 Westwood Rd a 6 bed, 5 bath, 3,541 sqft South Jingle Pot home sold for $1,459,000. 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 This week we sold an acreage we had listed in Errington and a light industrial warehouse we had listed in Parksville. We also had an accepted offer on a rancher in Qualicum Beach. The big team news this week is being recognized as one of the Top 10 teams in the Province of BC by eXp Realty (link here). This was a big win for the team as most of the teams on the list have 2 to 5 times as many agents as we have. I had a nice weekend with my girls including lunch at our favorite local cafe, The Vault (image here). I also enjoyed my bi-weekly boxing training and paid tribute to my coach Zoltan (video here). - John Cooper
Weekly Real Estate Take [October 2024 - Week 3]

The number of new single-family homes hitting the market has declined since last week, from 39 to 28. Sales have also declined from 23 last week to 14 this week. It appears that the market will remain fairly balanced as we head into the last quarter of 2024. Buyers have more choices and sellers need to price sharper than they did the last few years. That said, values are not dropping significantly. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 850 Hecate St a 5 bed, 4 bath, 2,358 sqft Old City home listed for $800,000 ($339/sqft), 552 Grewal Pl a 6 bed, 3 bath, 2,559 sqft South Nanaimo home listed for $889,900 ($348/sqft), 3708 Howden Dr a 4 bed, 2 bath, 2,003 sqft Uplands home listed for $714,900 ($357/sqft). The 3 homes listed this week with the highest $/sqft are 5912 Waldbank Rd a 4 bed, 4 bath, 4,888 sqft North Nanaimo home listed for $3,199,900 ($655/sqft), 446 Kennedy St a 3 bed, 3 bath, 1,571 sqft Old City home listed for $998,888 ($636/sqft), 426/436 Wharton St a 3 bed, 2 bath, 1,427 sqft University District home listed for $849,900 ($596/sqft). The 3 homes priced the most below their assessed value are 5992 Schooner Way a 3 bed, 3 bath, 1,938 sqft North Nanaimo home listed for $780,000 (13% below its tax-assessed value), 426/436 Wharton St a 3 bed, 2 bath, 1,427 sqft University District home listed for $849,900 (11% below its tax-assessed value), 2009 Cedar Rd a 5 bed, 4 bath, 3,376 sqft Cedar home listed for $1,222,000 (8% below its tax-assessed value). The 3 highest priced new listings this week are 5912 Waldbank Rd a 4 bed, 4 bath, 4,888 sqft North Nanaimo home listed for $319,9900. 1067 Roxboro Pl a 4 bed, 3 bath, 2,945 sqft University District home listed for $1,595,000. 6467 Peregrine Rd a 4 bed, 3 bath, 2,875 sqft North Nanaimo home listed for $1,274,900. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 6219 Sechelt Dr who secured a 15% discount off the $1,099,000 asking price (sale price $930,000). The buyers of 5358 Bayshore Dr who secured a 8% discount off the $1,365,000 asking price (sale price $1,250,000). The buyers of 4927 Ney Dr who secured a 6% discount off the $1,149,000 asking price (sale price $1,085,000). The 3 highest cost per sqft sales this week were 5414 Dunster Rd a 3 bed, 2 bath, 1,208 sqft Pleasant Valley home sold for $674,000 ($558/sqft), 3745 El worthy Pl a 3 bed, 2 bath, 1,370 sqft Departure Bay home sold for $749,900 ($547/sqft), 285 Carnduff Pl a 4 bed, 2 bath, 1,568 sqft South Jingle Pot home sold for $768,180 ($490/sqft). The 3 highest sales this week were 5358 Bayshore Dr a 5 bed, 4 bath, 4,822 sqft North Nanaimo home sold for $1,250,000. 2219 Belwood Rd a 6 bed, 3 bath, 2,567 sqft South Jingle Pot home sold for $1,125,000. 4927 Ney Dr a 5 bed, 3 bath, 3,388 sqft North Nanaimo home sold for $1,085,000. 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 LifeThis week we launched a beautiful ocean-view home near Westwood Lake (video here) and accepted an offer on one of our townhomes and one of our light industrial properties. We have a new rancher in Central Nanaimo coming to market in the next 14 days. We saw a significant price adjustment on our Ladysmith Beachfront property (video here). I got out and voted last week (image here) before heading over to spend some time with my family on Salt Spring Island for Thanksgiving. This included some time with my mom (image here) and a cruise in my Dad’s 55 Chevy (image here). It was a really refreshing and soul filling weekend that included plenty of great food and exploring Salt Spring with my family (video here). - 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.
Weekly Real Estate Take [October 2024 - Week 2]

Sales have more than doubled this week compared to last week. 23 homes sold in the last 7 days compared to only 10 in the previous week. New listings have started to decline with only 39 homes hitting the market this week compared to 47 last week. I expect new listings to decline over the next few weeks and sales to remain steady until late November. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me.- John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 260 Deer Lane a 3 bed, 4 bath, 2,540 sqft Uplands home listed for $499,000 ($196/sqft), 750 Connaught Ave a 3 bed, 2 bath, 2,149 sqft South Nanaimo home listed for $630,000 ($293/sqft), 905 Harbour View St a 5 bed, 5 bath, 2,900 sqft South Nanaimo home listed for $899,000 ($310/sqft). The 3 homes listed this week with the highest $/sqft are 1750 Waddington Rd a 1 bed, 1 bath, 668 sqft Central Nanaimo home listed for $639,000 ($957/sqft), 1790 Waddington Rd a 1 bed, 1 bath, 503 sqft Central Nanaimo home listed for $419,000 ($833/sqft), 1323 Wexford Rd a 3 bed, 2 bath, 870 sqft Chase River home listed for $699,000 ($803/sqft). The 3 homes priced the most below their assessed value are 260 Deer Lane a 3 bed, 4 bath, 2,540 sqft Uplands home listed for $499,000 (36% below its tax-assessed value), 5992 Schooner Way a 3 bed, 3 bath, 1,938 sqft North Nanaimo home listed for $797,900 (11% below its tax-assessed value), 2750 Country Club Dr a 3 bed, 3 bath, 1,659 sqft Departure Bay home listed for $727,000 (7% below its tax-assessed value). The 3 highest priced new listings this week are 5912 Waldbank Rd a 4 bed, 4 bath, 4,888 sqft North Nanaimo home listed for $3,199,900, 2730 Cedar Heights Cres SW a 4 bed, 5 bath, 3,626 sqft Cedar home listed for $1,650,000, 135 Golden Oaks Cres a 4 bed, 3 bath, 2,514 sqft North Nanaimo home listed for $1,250,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 5344 Kenwill Dr who secured a 14% discount off the $1,150,000 asking price (sale price $987,695). The buyers of 624 Howard Ave who secured a 9% discount off the $639,900 asking price (sale price $585,000). The buyers of 6025 Wardun Dr who secured a 8% discount off the $1,049,000 asking price (sale price $965,000). The 3 highest cost per sqft sales this week were 1850 Shasta Rd a 3 bed, 3 bath, 2,248 sqft Cedar home sold for $1,574,000 ($700/sqft), 626 Winchester Ave a 2 bed, 1 bath, 980 sqft South Nanaimo home sold for $630,000 ($643/sqft), 2469 Crystal Brook Way a 3 bed, 2 bath, 1,249 sqft Diver Lake home sold for $700,000 ($560/sqft). The 3 highest sales this week were 100 Stamp Way a 5 bed, 3 bath, 2,990 sqft Hammond Bay home sold for $1,580,000. 1850 Shasta Rd a 3 bed, 3 bath, 2,248 sqft Cedar home sold for $1,574,000. 6423 Lewis Rd a 5 bed, 4 bath, 3,446 sqft North Nanaimo home sold for $1,400,000.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 This week was a very busy week with many sellers looking to get an updated evaluation of their homes value. Many homeowners are making plans for the spring 2025 and looking to make a plan on how to optimize the timing of their sale. We launched a new listing for a beautiful home in Lakeside Estates (video here). I prepared our media for an ocean view home in College Heights that hits the MLS on Tuesday. Our provincial election is underway and I got in on some early voting (picture here). Make sure you get out and vote. I would like to wish you and your family a very Happy Thanksgiving. I hope you have time to spend with your loved ones. Have a great weekend. - 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.
Weekly Real Estate Take [October 2024 - Week 1]

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 expired listings, which have more than doubled in the last week from 23 last week to 59 this week. The next 10 weeks represent the last selling opportunity in 2024. Sales decrease substantially after December 15 and won't likely start to heat up again until March 2025. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. John Cooper250.619.9207john@johncooper.ca Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 253 Garner Cres a 2 bed, 3 bath, 2,894 sqft University District home listed for $749,900 ($259/sqft), 3099 Tanglewood Way a 5 bed, 3 bath, 2,744 sqft Departure Bay home listed for $849,000 ($309/sqft), 5387 Kenwill Dr a 5 bed, 3 bath, 3,114 sqft North Nanaimo home listed for $995,000 ($320/sqft). The 3 homes listed this week with the highest $/sqft are 2405 Lindsey Rd a 2 bed, 3 bath, 1,405 sqft Cedar home listed for $1,288,000 ($917/sqft), 681 Oakley St a 2 bed, 1 bath, 784 sqft Central Nanaimo home listed for $549,000 ($700/sqft), 370 Shepherd Ave a 2 bed, 1 bath, 860 sqft University District home listed for $545,000 ($634/sqft). The 3 homes priced the most below their assessed value are 253 Garner Cres a 2 bed, 3 bath, 2,894 sqft University District home listed for $749,900 (20% below its tax-assessed value), 407 - 225 Cypress St a 2 bed, 1 bath, 1,098 sqft Brechin Hill home listed for $375,000 (14% below its tax-assessed value), 202 - 119 Haliburton St a 1 bed, 1 bath, 740 sqft Old City home listed for $399,900 (13% below its tax-assessed value). The 3 highest priced new listings this week are 7455 Copley Ridge Dr a 4 bed, 3 bath, 3,203 sqft Upper Lantzville home listed for $1,599,000, 2405 Lindsey Rd a 2 bed, 3 bath, 1,405 sqft Cedar home listed for $1,288,000. 3324 Greyhawk Dr a 6 bed, 4 bath, 3,240 sqft Hammond Bay home listed for $1,269,900. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 8028 Lantzville Rd who secured a 8% discount off the $1,798,000 asking price (sale price $1,650,000), The buyers of 2067 Forest Dr who secured a 7% discount off the $765,000 asking price (sale price $715,000), The buyers of 4130 Orchard Cir who secured a 6% discount off the $699,800 asking price (sale price $661,000). The 3 highest cost per sqft sales this week were 8028 Lantzville Rd a 4 bed, 3 bath, 2,435 sqft Lower Lantzville home sold for $1,650,000 ($678/sqft), 3551 Bonnie Dr a 3 bed, 2 bath, 2,007 sqft Hammond Bay home sold for $1,250,000 ($623/sqft), 4130 Orchard Cir a 3 bed, 3 bath, 1,602 sqft Uplands home sold for $661,000 ($413/sqft). The 3 highest sales this week were 8028 Lantzville Rd a 4 bed, 3 bath, 2,435 sqft Lower Lantzville home sold for $1,650,000, 3551 Bonnie Dr a 3 bed, 2 bath, 2,007 sqft Hammond Bay home sold for $1,250,000, 1885 White Blossom Way a 4 bed, 3 bath, 3,071 sqft Chase River home sold for $1,060,000. 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 is John’s life This week was busy with many homeowners looking to obtain Property Value Reports and discuss their optimal exit timing. A few of these owners will be listing their homes for sale in the next 14 days including a home in Lakeside Estates and an epic custom Ocean View home in College Heights. Last week we celebrated the life of my Dad, Ronald John Cooper, with over 100 people attending the celebration. I released a brief memorial message with a collection of photos with my dad (video here). I also released a message of support for anyone embarking on a “Sober October” journey (video here).
Weekly Real Estate Take [September 2024 - Week 4]

For the third consecutive week, we’ve seen a steady influx of new listings in the Nanaimo real estate market. This week, 47 single-family detached homes came on the market, down slightly from last week’s 51. However, single-family home sales have slowed, with only 10 homes sold compared to 24 last week. With inventory gradually rising, buyers are gaining more options, though prices continue to hold steady. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1972 Cinnabar Dr a 6 bed, 3 bath, 3,826 sqft Chase River home listed for $1,150,000 ($301/sqft), 1059 Old Victoria Rd a 4 bed, 3 bath, 3,198 sqft South Nanaimo home listed for $975,000 ($305/sqft), 8446 Rumming Rd a 4 bed, 4 bath, 4,033 sqft Upper Lantzville home listed for $1,275,000 ($316/sqft). The 3 homes listed this week with the highest $/sqft are 213 Machleary St a 2 bed, 1 bath, 805 sqft Old City home listed for $649,900 ($807/sqft), 460 8th St a 2 bed, 2 bath, 990 sqft South Nanaimo home listed for $699,000 ($706/sqft), 3551 Bonnie Dr a 3 bed, 2 bath, 2,007 sqft Hammond Bay home listed for $1,249,900 ($623/sqft). The 3 homes priced the most below their assessed value are 341 Shepherd Ave a 3 bed, 1 bath, 847 sqft University District home listed for $524,900 (19% below its tax-assessed value), 8446 Rumming Rd a 4 bed, 4 bath, 4,033 sqft Upper Lantzville home listed for $1,275,000 (12% below its tax-assessed value), 8033 Lorenzen Lane a 3 bed, 4 bath, 2,531 sqft Upper Lantzville home listed for $1,220,000 (9% below its tax-assessed value). The 3 highest-priced new listings this week are 990 Terminal Ave N a 2 bed, 1 bath, 1,200 sqft Central Nanaimo home listed for $474,900. 341 Shepherd Ave a 3 bed, 1 bath, 847 sqft University District home listed for $524,900. 365 Howard Ave a 3 bed, 2 bath, 1,813 sqft University District home listed for $619,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 3308 Mcguire Way secured a 21% discount off the $1,200,000 asking price (sale price $945,000). The buyers of 2695 Camcrest Dr secured a 9% discount off the $789,000 asking price (sale price $715,000). The buyers of 3495 Buffalo Trail secured a 9% discount off the $749,000 asking price (sale price $685,000). The 3 highest cost per sqft sales this week were 217 Westwood Rd a 3 bed, 2 bath, 1,087 sqft South Jingle Pot home sold for $673,000 ($619/sqft), 3716 Howden Dr a 3 bed, 2 bath, 1,196 sqft Uplands home sold for $692,500 ($579/sqft), 6261 Dover Rd a 3 bed, 2 bath, 1,536 sqft North Nanaimo home sold for $725,000 ($472/sqft). The 3 highest sales this week were 6611 Hillside Terr a 3 bed, 3 bath, 2,960 sqft Pleasant Valley home sold for $1,250,000, 3998 Gulfview Dr a 5 bed, 3 bath, 3,487 sqft Hammond Bay home sold for $1,190,000, 2338 Rockwood Pl a 6 bed, 3 bath, 2,934 sqft South Jingle Pot home sold for $1,081,000. 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 This week I was able to hand over keys to 3 clients including 2 homes in North Nanaimo. I received multiple offers on a property in Downtown Nanaimo and launched a new listing for a property on Churchill Ave in Central Nanaimo (link here). This week was the Autumn Equinox and the week of of my Dad's Celebration of life. Over 100 people attended and we had a beautiful celebration sharing in the great life he lived. - 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.
Weekly Real Estate Take [September 2024 - Week 3]

We have seen a big increase in new listings for the 2nd week in a row. 51 new single family detached homes hit the Nanaimo market this week, up from 41 last week and 25 the week prior to that. Single family home sales are holding steady with 22 this week (24 last week). Buyers have an increasing amount of choices. Prices are holding steady and inventory continues to rise subtly. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 183 Acacia Ave a 4 bed, 3 bath, 2,642 sqft University District home listed for $689,900 ($261/sqft), 2027 Cinnabar Dr a 4 bed, 3 bath, 2,324 sqft Chase River home listed for $699,900 ($301/sqft), 7753 Lantzville Rd a 4 bed, 3 bath, 2,172 sqft Lower Lantzville home listed for $698,000 ($321/sqft). The 3 homes listed this week with the highest $/sqft are 1660 Fawcett Rd a 4 bed, 5 bath, 3,665 sqft Cedar home listed for $3,595,000 ($981/sqft), 50 Harewood Rd a 3 bed, 2 bath, 1,783 sqft University District home listed for $1,550,000 ($869/sqft), 674 Miller Farm Dr a 3 bed, 2 bath, 1,488 sqft Hammond Bay home listed for $850,000 ($571/sqft). The 3 homes priced the most below their assessed value are 2066 Placid Cres a 4 bed, 3 bath, 2,455 sqft South Jingle Pot home listed for $849,900 (6% below its tax-assessed value), 2027 Cinnabar Dr a 4 bed, 3 bath, 2,324 sqft Chase River home listed for $699,900 (6% below its tax-assessed value), 410 Rosehill St a 3 bed, 2 bath, 1,750 sqft Central Nanaimo home listed for $619,000 (5% below its tax-assessed value). The 3 highest priced new listings this week are 905 Harbour View St a 5 bed, 5 bath, 2,860 sqft South Nanaimo home listed for $949,000, 1675 Kelsie Rd a 6 bed, 4 bath, 5,049 sqft Chase River home listed for $2,295,000,,1660 Fawcett Rd a 4 bed, 5 bath, 3,665 sqft Cedar home listed for $359,5000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 3308 Mcguire Way secured a 21% discount off the $1,200,000 asking price (sale price $945,000). The buyers of 2695 Camcrest Dr secured a 9% discount off the $789,000 asking price (sale price $715,000). The buyers of 3495 Buffalo Trail secured a 9% discount off the $749,000 asking price (sale price $685,000). The 3 highest cost per sqft sales this week were 217 Westwood Rd a 3 bed, 2 bath, 1,087 sqft South Jingle Pot home sold for $673,000 ($619/sqft), 3716 Howden Dr a 3 bed, 2 bath, 1,196 sqft Uplands home sold for $692,500 ($579/sqft), 6261 Dover Rd a 3 bed, 2 bath, 1,536 sqft North Nanaimo home sold for $725,000 ($472/sqft). The 3 highest sales this week were 6611 Hillside Terr a 3 bed, 3 bath, 2,960 sqft Pleasant Valley home sold for $1,250,000, 3998 Gulfview Dr a 5 bed, 3 bath, 3,487 sqft Hammond Bay home sold for $1,190,000, 2338 Rockwood Pl a 6 bed, 3 bath, 2,934 sqft South Jingle Pot home sold for $1,081,000. 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 This week we introduced a beautiful character home in the Old City to the market (video here). We handed over the key on 3 properties and are currently onboarding 2 new properties, with 1 scheduled to hit the market on Monday. We also launched a video telling the story of our Seaglass Waterfront condo project (video here). Last week we hosted a fun event for local agents in Parksville at the local Go Kart track (video here). I witnessed an incredible rainbow at our waterfront listing in Ladysmith (image here). I was also able to capture this amazing photo of the full moon on Wednesday night (image here). - 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.
Weekly Real Estate Take [September 2024 - Week 2]

“Second Spring” is here with new listings more than doubling over last week. 57 new single family homes hit the market this week (25 last week). Sales have declined with 17 sales this week compared to 24 last week. I have been suggesting that inventory will continue to see subtle increases, sales will continue to be steady and values will remain stable with slight downward pressure on prices. This is trend is holding true. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 771 Arbutus Ave a 5 bed, 3 bath, 2,514 sqft Central Nanaimo home listed for $749,900 ($298/sqft), 5903 Red Wing Cres a 5 bed, 3 bath, 2,912 sqft Pleasant Valley home listed for $899,900 ($309/sqft), 2166 Wren Pl a 4 bed, 3 bath, 2,551 sqft University District home listed for $799,900 ($314/sqft). The 3 homes listed this week with the highest $/sqft are 670 Chelsea St a 2 bed, 1 bath, 755 sqft Central Nanaimo home listed for $549,900 ($728/sqft), 4808 Aho Rd a 2 bed, 2 bath, 1,767 sqft Cedar home listed for $1,275,000 ($722/sqft), 3071 Jameson Rd a 4 bed, 2 bath, 1,837 sqft South Jingle Pot home listed for $1,299,900 ($708/sqft). The 3 homes priced the most below their assessed value are 2166 Wren Pl a 4 bed, 3 bath, 2,551 sqft University District home listed for $799,900 (12% below its tax-assessed value), 5925 Tasha Pl a 4 bed, 3 bath, 2,453 sqft North Nanaimo home listed for $799,000 (9% below its tax-assessed value), 960 Malaspina Cres a 5 bed, 3 bath, 2,960 sqft Departure Bay home listed for $815,000 (10% below its tax-assessed value). The 3 highest priced new listings this week are 4630 Laguna Way a 6 bed, 5 bath, 4,403 sqft North Nanaimo home listed for $1,984,900, 2500 Myles Lake Rd a 4 bed, 4 bath, 2,423 sqft Extension home listed for $1,499,900, 6487 Raven Rd a 5 bed, 4 bath, 3,478 sqft North Nanaimo home listed for $1,350,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 515 Prideaux St secured a 11% discount off the $634,500 asking price (sale price $567,000). The buyers of 2695 Camcrest Dr secured a 9% discount off the $789,000 asking price (sale price $715,000). The buyers of 5407 Bayshore Dr secured a 7% discount off the $1,024,900 asking price (sale price $952,500). The 3 highest cost per sqft sales this week were 2193 Village Dr a 3 bed, 2 bath, 1,263 sqft Cedar home sold for $745,000 ($590/sqft), 2367 Troy Anne Way a 3 bed, 2 bath, 1,365 sqft Diver Lake home sold for $694,900 ($509/sqft), 109 Tom Harris Dr a 5 bed, 4 bath, 2,652 sqft Hammond Bay home sold for $1,233,000 ($465/sqft). The 3 highest sales this week were 109 Tom Harris Dr a 5 bed, 4 bath, 2,652 sqft Hammond Bay home sold for $1,233,000, 3508 Monterey Dr a 3 bed, 2 bath, 2,133 sqft North Jingle Pot home sold for $980,000, 5161 Colony Park Pl a 4 bed, 3 bath, 2,441 sqft North Nanaimo home sold for $975,000. 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 This week we removed subjects on a single family home in Ladysmith, We handed over keys on 2 sales including a beachfront home in Nanoose and a patio home in Hammond Bay. We launched 2 new listings including a townhome in the University District and a waterfront home in Ladysmith (video here). This Saturday you can come visit me for an open house on the waterfront in Ladysmith at 409 Blair Place from 2pm to 4pm or visit Stephen Schaff at the same location on Sunday from 11am to 1pm. This week we announced the date for my Dad’s Celebration of Life (details here) and I took a walk down memory lane with my firstborn daughter Avery (video here). - 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.
Weekly Real Estate Take [September 2024 - Week 1]

September 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 attention to as trends solidify and the year's direction becomes clearer. Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1514 Wilson Rd a 4 bed, 3 bath, 3,048 sqft Chase River home listed for $823,999 ($270/sqft), 3067 Hammond Bay Rd a 4 bed, 3 bath, 3,277 sqft Hammond Bay home listed for $899,900 ($275/sqft), 960 Malaspina Cres a 5 bed, 3 bath, 2,960 sqft Departure Bay home listed for $815,000 ($275/sqft). The 3 homes listed this week with the highest $/sqft are 3194 Hewstone Rd a 3 bed, 2 bath, 2,822 sqft Cedar home listed for $1,980,000 ($702/sqft), 135 Newcastle Ave a 4 bed, 3 bath, 3,289 sqft Brechin Hill home listed for $2,198,000 ($668/sqft), 6970 Shale Rd a 3 bed, 3 bath, 2,455 sqft Lower Lantzville home listed for $1,579,000 ($643/sqft).The 3 homes priced the most below their assessed value are 8028 Lantzville Rd a 4 bed, 3 bath, 2,435 sqft Lower Lantzville home listed for $1,798,000 (13% below its tax-assessed value), 270 Crestline Terr a 4 bed, 3 bath, 2,722 sqft Hammond Bay home listed for $1,395,000 (12% below its tax-assessed value), 960 Malaspina Cres a 5 bed, 3 bath, 2,960 sqft Departure Bay home listed for $815,000 (10% below its tax-assessed value). The 3 highest priced new listings this week are 135 Newcastle Ave a 4 bed, 3 bath, 3,289 sqft Brechin Hill home listed for $2,198,000, 3194 Hewstone Rd a 3 bed, 2 bath, 2,822 sqft Cedar home listed for $1,980,000, 186 Holland Rd a 5 bed, 4 bath, 5,058 sqft South Jingle Pot home listed for $1,849,900. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 410 Diamond Blvd secured a 34% discount off the $700,000 asking price (sale price $460,000), The buyers of 6217 Icarus Dr secured a 8% discount off the $1,049,000 asking price (sale price $960,000), The buyers of 468 Hewgate St secured a 8% discount off the $624,900 asking price (sale price $575,000). The 3 highest cost per sqft sales this week were 7036 Dickinson Rd a 4 bed, 4 bath, 4035 sqft Lower Lantzville home sold for $3,295,000 ($817/sqft), 125 Adams Ave a 3 bed, 2 bath, 1,375 sqft Central Nanaimo home sold for $716,000 ($521/sqft), 15 Strickland St a 3 bed, 2 bath, 1,347 sqft South Nanaimo home sold for $652,000 ($484/sqft). The 3 highest sales this week were 7036 Dickinson Rd a 4 bed, 4 bath, 4035 sqft Lower Lantzville home sold for $3,295,000, 6888/6896 Doumont Rd a 7 bed, 5 bath, 4,100 sqft Pleasant Valley home sold for $1,540,100, 6462 Thornwood Pl a 5 bed, 4 bath, 3,014 sqft North Nanaimo home sold for $1,240,000. 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 is John’s life This week we had 2 completions, 3 subject removals, and we are onboarding 3 new listings for market introductions next week, including a gorgeous beachfront property in Ladysmith, a character home in the Old City, and an affordable condo in South Nanaimo. This week, the focus was on back-to-school. My youngest daughter started Grade 9, and my oldest daughter started Grade 11. It is hard for me to believe that grade school ends for both of my girls in four years!
Weekly Real Estate Take [August 2024 - Week 5]

This week, the Nanaimo real estate market has seen a slight decrease in activity. New listings have dropped from 47 last week to just 32 this week, indicating a subtle tightening in inventory. Sales have also seen a slight dip, with 16 homes sold compared to 17 the previous week. As we approach September, I anticipate that inventory levels will remain stable and that prices will continue to hold steady, perhaps dip slightly, as we move into the fourth quarter of 2024. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1624 Meredith Rd a 5 bed, 3 bath, 3,200 sqft Central Nanaimo home listed for $759,000 ($237/sqft), 3513 Hallberg Rd a 5 bed, 3 bath, 2,984 sqft Extension home listed for $899,900 ($302/sqft), 122 Bonavista Pl a 6 bed, 4 bath, 3,151 sqft North Nanaimo home listed for $1,025,000 ($325/sqft). The 3 homes listed this week with the highest $/sqft are 1750 Waddington Rd a 1 bed, 1 bath, 668 sqft Central Nanaimo home listed for $649,000 ($972/sqft), 1790 Waddington Rd a 1 bed, 1 bath, 503 sqft Central Nanaimo home listed for $429,000 ($853/sqft), 3871 Rock City Rd a 3 bed, 2 bath, 1,150 sqft Departure Bay home listed for $699,900 ($609/sqft). There was only 1 home priced below its assessed value this week. 217 Westwood Rd a 3 bed, 2 bath, 1,087 sqft South Jingle Pot home listed for $659,900 (1% below its tax-assessed value). The 3 highest priced new listings this week are 5667 Muggies Way a 5 bed, 4 bath, 3,385 sqft North Nanaimo home listed for $1,388,000. 2127 Yellow Point Rd a 4 bed, 3 bath, 2,964 sqft Cedar home listed for $1,299,900. 5658 Malibu Terr a 6 bed, 4 bath, 3,578 sqft North Nanaimo home listed for $1,299,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 221 Calder Rd secured a 9% discount off the $949,900 asking price (sale price $865,000). The buyers of 1745 Alice Rd secured an 8% discount off the $589,000 asking price (sale price $540,000). The buyers of 3458 Decourcy Dr secured a 7% discount off the $1,499,900 asking price (sale price $1,400,000). The 3 highest cost per sqft sales this week were 7144 Eby Rd a 3 bed, 3 bath, 3,323 sqft Lower Lantzville home sold for $3,650,000 ($1,098/sqft), 3458 Decourcy Dr a 3 bed, 3 bath, 2,362 sqft Cedar home sold for $1,400,000 ($593/sqft), 583 Chestnut St a 2 bed, 2 bath, 1,221 sqft Brechin Hill home sold for $629,900 ($516/sqft). The 3 highest sales this week were 7144 Eby Rd a 3 bed, 3 bath, 3,323 sqft Lower Lantzville home sold for $3,650,000. 3458 Decourcy Dr a 3 bed, 3 bath, 2,362 sqft Cedar home sold for $1,400,000. 3424 Galveston Pl a 4 bed, 3 bath, 2,810 sqft North Jingle Pot home sold for $1,025,000. 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 The last week of the summer holidays included some fun with my girls including a brief trip to Seattle for some back-to-school shopping. All of the fun and adventure was overshadowed by the passing of my beloved father. After a rather intense battle with vascular dementia, his body finally returned to earth on August 29, 2024. He will forever be missed. You can view a short tribute video here - Ronald John Cooper Tribute Video. - 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.
Weekly Real Estate Take [August 2024 - Week 4]

This week, the Nanaimo real estate market has seen a slight shift. New single-family home listings have increased to 47 active listings, up from 38 last week. Sales have slightly decreased, with 17 homes sold compared to 19 the previous week. As we move closer to September, I am predicting inventory to stay stable and prices to hold as we head towards the fourth quarter of 2024 If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 102 Cypress St a 5 bed, 4 bath, 3,991 sqft Brechin Hill home listed for $799,900 ($200/sqft), 1624 Meredith Rd a 4 bed, 3 bath, 3,224 sqft Central Nanaimo home listed for $759,000 ($235/sqft), 95 Kennedy St S a 8 bed, 5 bath, 4,775 sqft Old City home listed for $1,300,000 ($272/sqft). The 3 homes listed this week with the highest $/sqft are 7036 Dickinson Rd a 4 bed, 4 bath, 4,035 sqft Lower Lantzville home listed for $3,399,000 ($842/sqft), 3340 Stephenson Point Rd a 5 bed, 5 bath, 4,259 sqft Hammond Bay home listed for $3,150,000 ($740/sqft), 2359 Gould Rd E a 3 bed, 2 bath, 1,649 sqft Cedar home listed for $998,000 ($605/sqft). The 3 homes priced the most below their assessed value are 2745 Nanaimo River Rd a 5 bed, 4 bath, 5,022 sqft Extension home listed for $1,999,900 (30% below its tax-assessed value), 102 Cypress St a 5 bed, 4 bath, 3,991 sqft Brechin Hill home listed for $799,900 (5% below its tax-assessed value), 3612 Departure Bay Rd a 5 bed, 3 bath, 2,268 sqft Departure Bay home listed for $799,900 (4% below its tax-assessed value). The 3 highest priced new listings this week are 7036 Dickinson Rd a 4 bed, 4 bath, 4,035 sqft Lower Lantzville home listed for $3,399,000. 3340 Stephenson Point Rd a 5 bed, 5 bath, 4,259 sqft Hammond Bay home listed for $3,150,000. 2745 Nanaimo River Rd a 5 bed, 4 bath, 5,022 sqft Extension home listed for $1,999,900. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 210 Rovere Pl secured a 1% discount off the $750,000 asking price (sale price $632,500). The buyers of 1363 College Dr secured a 11% discount off the $1,099,900 asking price (sale price $980,000). The buyers of 2720 Extension Rd secured a 10% discount off the $689,900 asking price (sale price $619,900). The 3 highest cost per sqft sales this week were 2720 Extension Rd a 3 bed, 1 bath, 875 sqft Extension home sold for $619,900 ($708/sqft), 452 Seventh St a 3 bed, 1 bath, 1,166 sqft University District home sold for $600,000 ($515/sqft), 488 Chestnut St a 3 bed, 2 bath, 1243 sqft Brechin Hill home sold for $629,000 ($506/sqft). The 3 highest sales this week were 117 Royal Pacific Way a 6 bed, 4 bath, 2,982 sqft North Nanaimo home sold for $1,275,000. 6158 Icarus Dr a 4 bed, 4 bath, 2,856 sqft North Nanaimo home sold for $1,138,000. 1363 College Dr a 5 bed, 4 bath, 2,959 sqft University District home sold for $980,000. 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 This week we launched a new listing on Gabriola Island (video here), sold 2 patio homes (1 in North Nanaimo and 1 in Parksville), and handed over keys for a light industrial warehouse in Parksville, a condo in downtown Nanaimo, and an estate in Hammond Bay. I am still soaking in the highs from last week's epic adventure at UFC headquarters (video here). I am spending this weekend with Avery & June at one of our favorite summer getaways, Great Central Lake. This little known island gem is spectacular and we look forward to it every year. Next week is our last week before back to school so the girls and I will try and squeeze in as much summer fun as possible. - 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.
Weekly Real Estate Take [August 2024 - Week 3]

New single-family listings have started to decline. 38 new homes hit the market this week, down from 56 last week. Sales of single-family homes have increased from 16 last week to 19 this week. As we head towards September we should see both sales and new listings increase. I am predicting inventory to stay stable and prices to hold as we head towards the fourth quarter of 2024. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listing I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1943 Kelsie Rd a 5 bed, 4 bath, 3,001 sqft Chase River home listed for $936,900 ($312/sqft), 53 Kennedy St a 4 bed,1 bath, 1,744 sqft Old City home listed for $599,700 ($344/sqft), 2406 Departure Bay Rd a 6 bed, 4 bath, 3,950 sqft Departure Bay home listed for $1,399,000 ($354/sqft). The 3 homes listed this week with the highest $/sqft are 2760 Ritten Rd a 2 bed, 1 bath, 1,242 sqft Cedar home listed for $1,499,000 ($1207/sqft) , 7144 Eby Rd a 3 bed, 3 bath, 3,323 sqft Lower Lantzville home listed for $3,699,900 ($1,113/sqft), 2245 Tiara Pl a 3 bed, 3 bath, 2,015 sqft Cedar home listed for $1,549,000 ($769/sqft) The 3 homes priced the most below their assessed value are 5559 Cliffside Rd a 5 bed, 3 bath, 2,866 sqft North Nanaimo home listed for $1,099,000 (11% below its tax-assessed value), 4371 Martin Pl a 3 bed, 2 bath, 1,463 sqft Uplands home listed for $699,900 (4% below its tax-assessed value), 1850 Shasta Rd a 3 bed, 3 bath, 2,248 sqft Cedar home listed for $1,599,900 (10% below its tax-assessed value) The 3 highest priced new listings this week are 7144 Eby Rd a 3 bed, 3 bath, 3,323 sqft Lower Lantzville home listed for $3,699,900. 1850 Shasta Rd a 3 bed, 3 bath, 2,248 sqft Cedar home listed for $1,599,900. 6888/6896 Doumont Rd a 7 bed, 5 bath, 4,100 sqft Pleasant Valley home listed for $1,598,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 5964 Ralston Dr. They secured an 18% discount off the $887,000 asking price (sale price $728,000).The buyers of 431 Blythe Ave secured a 9% discount off the $699,900 asking price (sale price $637,500). The buyers of 2481 Lynburn Cres secured a 8% discount off the $845,000 asking price (sale price $780,000). The 3 highest cost per sqft sales this week were 3110 Roper Rd a 2 bed, 2 bath, 1,536 sqft Cedar home sold for $1,290,000 ($840/sqft), 730 Oakley St a 2 bed, 1 bath, 752 sqft Central Nanaimo home sold for $540,000 ($718/sqft), 3560 Bonnie Dr a 3 bed, 4 bath, 3,207 sqft Hammond Bay home sold for $2,225,000 ($694/sqft). The 3 highest sales this week were 3560 Bonnie Dr a 3 bed, 4 bath, 3,207 sqft Hammond Bay home sold for $2,225,000. 3474 Santa Fe Pl a 5 bed, 4 bath, 3,580 sqft North Jingle Pot home sold for $1,345,000. 3110 Roper Rd a 2 bed, 2 bath, 1,536 sqft Cedar home sold for $1,290,000. 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 This week we celebrated home ownership and handed over keys to 2 clients. We successfully negotiated accepted offers on 2 of our listings and secured homes for 2 buyers. I had an absolutely incredible week starting off with an aggressive boxing workout (video here) before flying to Las Vegas for 4 days of intensive training with UFC Canada (image here). I was one of only 8 Canadians invited to attend the Canadian Officials Summit. This was a once in a lifetime experience. I was able to shadow the top referees in Nevada, including Herb Dean and Jason Herzog, for 2 events (UFC Fight Night & Dana White Contender Series). I toured the UFC Apex Centre, UFC Global Headquarters, & the UFC Performance Institute. I also attended 2 full days of training which included sessions with the UFC Chief medical advisor, the Vice President of Regulatory Affairs, Marc Ratner, and the UFC Anti-Doping team. This was an experience that I will never forget (video here). Locally we also celebrated the retirement of the MARS Water Bomber (image here). - 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.
Weekly Real Estate Take [August 2024 - Week 2]

This week, Nanaimo's real estate market has seen a slight increase in new single-family detached home listings, with 56 new properties hitting the market, up from 52 last week. However, sales have dipped slightly, with 16 sales reported compared to 18 last week. While it's common to see fluctuations this time of year, what's notable is the ongoing rise in new listings despite the decline in sales. This trend aligns with my current forecast of a subtle increase in inventory without any significant upward pressure on prices. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 302 Benson View Blvd a 4 bed, 3 bath, 3,386 sqft South Jingle Pot home listed for $898,000 ($265/sqft), 1681 Gerrand Rd a 5 bed, 2 bath, 2,810 sqft Cedar home listed for $799,000 ($284/sqft), 6138 Mystic Way a 5 bed, 3 bath, 3,560 sqft North Nanaimo home listed for $1,020,000 ($287/sqft). The 3 homes listed this week with the highest $/sqft are 2405 Lindsey Rd a 2 bed, 3 bath, 1,405 sqft Cedar home listed for $1,288,000 ($917/sqft), 7886 Clark Dr a 2 bed, 1 bath, 1,013 sqft Upper Lantzville home listed for $899,000 ($887/sqft), 6147 Garside Rd a 3 bed, 2 bath, 1,240 sqft Pleasant Valley home listed for $720,000 ($581/sqft). The 3 homes priced the most below their assessed value are 686 Sarum Rise Way a 3 bed, 3 bath, 2,150 sqft University District home listed for $899,000 (6% below its tax-assessed value), 5767 Bradbury Rd a 5 bed, 4 bath, 3,018 sqft North Nanaimo home listed for $1,049,900 (4% below its tax-assessed value), 550 Holly Ave a 4 bed, 2 bath, 2,086 sqft Brechin Hill home listed for $750,000 (4% below its tax-assessed value). The 3 highest priced new listings this week are 7255 Aulds Rd a 4 bed, 4 bath, 4,882 sqft Upper Lantzville home listed for $2,600,000. 5998 Icarus Dr a 4 bed, 5 bath, 4,616 sqft North Nanaimo home listed for $2,495,000. 180 Holland Rd a 3 bed, 5 bath, 3,445 sqft South Jingle Pot home listed for $1,959,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 7163 Peterson Rd secured a 26% discount off the $1,399,900 asking price (sale price $1,035,000). The buyers of 1430 Bay St secured a 14% discount off the $749,000 asking price (sale price $644,900). The buyers of 5933 Tasha Pl secured a 7% discount off the $899,000 asking price (sale price $840,000). The 3 highest cost per sqft sales this week were 7163 Peterson Rd a 3 bed, 2 bath, 1,370 sqft Lower Lantzville home sold for $1,035,000 ($755/sqft), 7146 Vipond Rd a 4 bed, 2 bath, 2,054 sqft Pleasant Valley home sold for $1,500,000 ($730/sqft), 1430 Bay St a 3 bed, 2 bath, 1,159 sqft Departure Bay home sold for $644,900 ($556/sqft). The 3 highest sales this week were 7146 Vipond Rd a 4 bed, 2 bath, 2,054 sqft Pleasant Valley home sold for $1,500,000. 250 Blairgowrie Pl a 4 bed, 3 bath, 3,316 sqft Central Nanaimo home sold for $1,215,000. 1757 Starling Rd a 4 bed, 4 bath, 2,902 sqft Cedar home sold for $1,200,000. 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 This week has been another fantastic one for our team. We secured 2 accepted offers, saw 3 properties go unconditional, and celebrated 3 successful closings with key handovers. We’ve also just listed a gorgeous South Nanaimo home featuring an in-law suite, a detached cottage, and a two-car garage. [Video here] On a personal note, last week was a delightful escape on Thetis Island with my two girls, Avery and June. We had an amazing time exploring nearby islands, wake skating, and soaking up the beach. [Video here] My sister Kim, nephew James and niece Parker joined us for some memorable adventures on the water, which added to the joy of the week. [Picture here] This weekend, I took a night hike up Mount Erskine to catch the Ladysmith Fireworks. While the fireworks were spectacular, Mother Nature truly stole the show with a breathtaking sunset. [Picture here] - 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.
Weekly Real Estate Take [August 2024 - Week 1]

August 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 increased from 43 last week to 52 this week. There was an increase in sales from 12 units last week to 18 units this week. The biggest differential this week was in the expired listings. This figure doubled from 20 units expiring last week to 43 units expiring this week. This is evidence that sellers are recalibrating their plans ahead of September. September is what I refer to as “second spring” as both buyers and sellers make one last push to make a move before the year ends and winter sets in. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 6404 Lasalle Rd a 6 bed, 3 bath, 3,371 sqft North Nanaimo home listed for $1,068,000 ($317/sqft), 332 Georgia Ave a 5 bed, 2 bath, 2,108 sqft University District home listed for $674,900 ($320/sqft), 1011 Beach Dr a 4 bed, 3 bath, 3,011 sqft Departure Bay home listed for $999,999 ($332/sqft). The 3 homes listed this week with the highest $/sqft are 730 Oakley St a 2 bed, 1 bath, 752 sqft Central Nanaimo home listed for $549,900 ($731/sqft), 3458 Decourcy Dr a 3 bed, 3 bath, 2,362 sqft Cedar home listed for $1,499,900 ($635/sqft), 5706 Quarry Cres a 2 bed, 2 bath, 1,256 sqft Pleasant Valley home listed for $709,900 ($565/sqft). The 3 homes priced the most below their assessed value are 886 Kentwood Way a 6 bed, 4 bath, 2,616 sqft South Nanaimo home listed for $899,900 (8% below its tax-assessed value), 410 Rosehill St a 3 bed, 2 bath, 1,750 sqft Central Nanaimo home listed for $619,000 (5% below its tax-assessed value), 6404 Lasalle Rd a 6 bed, 3 bath, 3,371 sqft North Nanaimo home listed for $1,068,000 (5% below its tax-assessed value). The 3 highest priced new listings this week are 2382/2380 Extension Rd a 6 bed, 6 bath, 3,225 sqft Chase River home listed for $1,699,999. 3458 Decourcy Dr a 3 bed, 3 bath, 2,362 sqft Cedar home listed for $1,499,900. 3456 Budehaven Dr a 4 bed, 3 bath, 2,770 sqft Hammond Bay home listed for $1,492,000.Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 215 Fleming Pl secured a 9% discount off the $1,174,900 asking price (sale price $1,065,000). The buyers of 5933 Tasha Pl secured a 7% discount off the $899,000 asking price (sale price $840,000). The buyers of 3191 Kilpatrick Rd secured a 5% discount off the $1,475,000 asking price (sale price $1,400,000). The 3 highest cost per sqft sales this week were 936 Wentworth St a 4 bed, 2 bath, 1,342 sqft Old City home sold for $780,000 ($581/sqft), 3191 Kilpatrick Rd a 4 bed, 4 bath, 2,528 sqft North Jingle Pot home sold for $1,400,000 ($554/sqft), 6017 Sealand Rd a 4 bed, 3 bath, 1,994 sqft North Nanaimo home sold for $870,000 ($436/sqft). The 3 highest sales this week were 3191 Kilpatrick Rd a 4 bed, 4 bath, 2,528 sqft North Jingle Pot home sold for $1,400,000. 3787 Avonlea Dr a 5 bed, 3 bath, 2,798 sqft North Jingle Pot home sold for $1,120,000. 3594 Jingle Pot Rd a 5 bed, 5 bath, 3,343 sqft North Jingle Pot home sold for $1,120,000. 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 is John’s life This last week was extremely productive both professionally and personally. We have accepted offers on 3 of our listings and were fortunate enough to find homes for 3 of our buyer clients. Despite a market showing signs of cooling, you wouldnt know it if you were hanging out at our office! The team and I are excited to be experiencing the positive impact of our hard work year to date. Personally, this week was also the week that I took my daughters for a week of fun at our cottage on Thetis Island. The weather was excellent and we enjoyed days of tubing and exploring all of the tiny islands off the shores of Thetis Island. My girls avoid being in front of dad’s camera these days but they did get a photo of me enjoying a sunset wakeskate in Preedy Harbour (picture here). I hit a personal milestone this week as I celebrated 300 days focused on my health (picture here). I had an evening to myself last night and went for a solo pier jump on Thetis Island (video here). August can feel like a short month so I encourage you to make the most of it! I will do the same.
Weekly Real Estate Take [July 2024 - Week 4]

The number of new single-family detached homes listed in Nanaimo this week has held steady with 43 new listings hitting the market. New sales have dropped by 50% with 12 sales reported this week, compared to 25 reported last week. Late July and early August we typically see a reduction in both sales and new listings. This weekly trend is showing a decline in sales but not new listings. This is in line with my current forecast of subtle rising inventory with no upward pressure on prices. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 260 Deer Lane a 3 bed, 4 bath, 2,540 sqft Uplands home listed for $599,900 ($236/sqft), 1601 Cardinal Way a 4 bed, 3 bath, 2,614 sqft Central Nanaimo home listed for $799,000 ($306/sqft), 1059 Old Victoria Rd a 4 bed, 3 bath, 3,198 sqft Chase River home listed for $999,000 ($312/sqft). The 3 homes listed this week with the highest $/sqft are 626 Winchester Ave a 2 bed, 1 bath, 980 sqft South Nanaimo home listed for $679,900 ($694/sqft), 3503 Monterey Dr a 3 bed, 2 bath, 1,538 sqft North Jingle Pot home listed for $989,000 ($643/sqft), 156 Golden Oaks Cres a 3 bed, 4 bath, 3,596 sqft Hammond Bay home listed for $2,099,900 ($584/sqft). The 3 homes priced the most below their assessed value are 369 Nottingham Dr a 4 bed, 5 bath, 3,646 sqft Departure Bay home listed for $1,180,000 (30% below its tax-assessed value), 260 Deer Lane a 3 bed, 4 bath, 2,540 sqft Uplands home listed for $599,900 (23% below its tax-assessed value), 5675 Brookwood Dr a 4 bed, 2 bath, 1,786 sqft Uplands home listed for $649,900 (10% below its tax-assessed value). The 3 highest priced new listings this week are 156 Golden Oaks Cres a 3 bed, 4 bath, 3,596 sqft Hammond Bay home listed for $2,099,900, 206 Crestline Terr a 6 bed, 4 bath, 2,974 sqft Hammond Bay home listed for $1,699,000, 3474 Santa Fe Pl a 5 bed, 4 bath, 3,580 sqft North Jingle Pot home listed for $1,375,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 229 Seven Oaks Pl secured a 15% discount off the $840,000 asking price (sale price $715,000). The buyers of 1648 Mallard Dr secured a 11% discount off the $724,900 asking price (sale price $645,000). The buyers of 2868 Gordons Lane secured a 6% discount off the $1,825,000 asking price (sale price $1,720,000). The 3 highest cost per sqft sales this week were 2868 Gordons Lane a 5 bed, 4 bath, 2,428 sqft North Jingle Pot home sold for $1,720,000 ($708/sqft), 203 Linstead Pl a 3 bed, 3 bath, 2,188 sqft North Nanaimo home sold for $1,150,000 ($526/sqft), 175 Berkeley Pl a 3 bed, 2 bath, 1,873 sqft Hammond Bay home sold for $925,000 ($494/sqft). The 3 highest sales this week were 2868 Gordons Lane a 5 bed, 4 bath, 2,428 sqft North Jingle Pot home sold for $1,720,000. 6268 John Paul Pl a 4 bed, 4 bath, 3,013 sqft North Nanaimo home sold for $1,325,000. 7221 Aulds Rd a 4 bed, 3 bath, 2,610 sqft Upper Lantzville home sold for $1,179,900. 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 The week we introduced a beautiful new Hammond Bay patio home to the market (video here). We removed subjects on 2 buyer purchases and are onboarding 2 new listings for next week. Last night, after attending the Thursday Commercial Street Night Market I witnessed this incredible sunset in Downtown Nanaimo (video here). Today I am wrapping up a busy week and getting ready to head to our family property on Thetis Island for a week of summer fun including boating, tubing, wake skating, pier jumping, & crabbing. I am very excited for some down time with Avery, June and some friends. - 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.
Weekly Real Estate Take [July 2024 - Week 3]

New listing inventory of single family homes in Nanaimo is holding steady with 44 new listings hitting the market this week, compared to 49 last week. Sales have seen an increase this week, with 25 homes selling in the last 7 days, up from 19 last week. Inventory conditions continue to see a subtle rise and prices remain steady. I am predicting this trend to continue. Prices are predicted to hold firm with buyer leverage increasing marginally as we head into August. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5358 Bayshore Dr a 5 bed, 4 bath, 4,822 sqft North Nanaimo home listed for $1,365,000 ($283/sqft), 3858 Uplands Dr a 5 bed, 3 bath, 2,248 sqft Uplands home listed for $699,999 ($311/sqft), 7419 Mrus Dr a 4 bed, 3 bath, 2,926 sqft Lower Lantzville home listed for $949,000 ($324/sqft). The 3 homes listed this week with the highest $/sqft are 7036 Dickinson Rd a 4 bed, 4 bath, 4,035 sqft Lower Lantzville home listed for $3,699,000 ($917/sqft), 3560 Bonnie Dr a 3 bed, 4 bath, 3,207 sqft Hammond Bay home listed for $2,375,000 ($741/sqft), 681 Cadogan St a 3 bed, 2 bath, 1,346 sqft Central Nanaimo home listed for $905,000 ($672/sqft). There were only 2 homes priced below their assessed value this week. 1689 Bob O Link Way a 4 bed, 2 bath, 1,675 sqft Central Nanaimo home listed for $619,900 (5% below its tax-assessed value), 5969 Oliver Rd a 5 bed, 4 bath, 2,452 sqft North Nanaimo home listed for $849,900 (1% below its tax-assessed value). The 3 highest priced new listings this week are 7036 Dickinson Rd a 4 bed, 4 bath, 4,035 sqft Lower Lantzville home listed for $3,699,000. 3560 Bonnie Dr a 3 bed, 4 bath, 3,207 sqft Hammond Bay home listed for $2,375,000. 5391 Kenwill Dr a 6 bed, 6 bath, 4,424 sqft North Nanaimo home listed for $2,299,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 1846 Richardson Rd secured a 9% discount off the $720,000 asking price (sale price $655,000). The buyers of 36 Kanaka Pl secured a 7% discount off the $629,000 asking price (sale price $585,000). The buyers of 533 Kennedy St secured a 6% discount off the $778,000 asking price (sale price $728,000). The 3 highest cost per sqft sales this week were 7 Albion St a 2 bed, 1 bath, 746 sqft University District home sold for $494,000 ($662/sqft), 5803 Quarry Cres a 4 bed, 3 bath, 2,374 sqft Pleasant Valley home sold for $1,515,000 ($638/sqft), 2229 Fern Rd a 3 bed, 2 bath, 1,164 sqft Central Nanaimo home sold for $655,000 ($563/sqft). The 3 highest sales this week were 5803 Quarry Cres a 4 bed, 3 bath, 2,374 sqft Pleasant Valley home sold for $1,515,000. 1047 Harewood Mines Rd a 4 bed, 4 bath, 3,231 sqft South Nanaimo home sold for $1,325,000. 112 Sandpiper Pl a 4 bed, 3 bath, 3,406 sqft North Nanaimo home sold for $1,275,000. 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 This week the team and I successfully sold several homes including 2 seller represented trades and 3 buyer represented trades, cumulatively totaling over $4 million in sales, along with an additional $1.2M in accepted offers. This summer has been anything but slow and the team is elated with how many clients we have been able to assist. Amidst the business operations I have been doing my best to make the most of the long days. I took my daughters, Avery and June, to the River for the first river swim of 2024 (picture here). This past weekend we headed to White Rock, BC to be with family and friends and celebrate my Dad’s 80th birthday (picture here). We also took the opportunity to enjoy some Crescent Beach Pier jumping and a White Rock beach cruise in my sister’s 64 Ford Falcon (video here). Despite the heat, I have been enjoying the air conditioned training facility at Force Boxing & Fitness here in Nanaimo (video here). - 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.
Weekly Real Estate Take [July 2024 - Week 2]

This week new Nanaimo single family listings increased from 38 last week to 49 this week. There was a decrease in sales from 28 last week to 19 this week. This is a trend that we see most summers. Inventory is on the rise, sales are slowing and price gains have plateaued. Market conditions are starting to subtly favour buyers in most product and price categories. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 1340 Boundary Cres a 5 bed, 4 bath, 2,800 sqft Central Nanaimo home listed for $87,5000 ($313/sqft), 332 Georgia Ave a 5 bed, 2 bath, 2,108 sqft University District home listed for $699,900 ($332/sqft), 3759 Oak Crest Pl a 3 bed, 3 bath, 3,082 sqft Hammond Bay home listed for $1,050,000 ($341/sqft). The 3 homes listed this week with the highest $/sqft are 2453 East Wellington Rd a 3 bed, 2 bath, 2,342 sqft North Jingle Pot home listed for $2,350,000 ($1,003/sqft), 2458 Rosstown Rd a 3 bed, 1 bath, 728 sqft Diver Lake home listed for $600,000 ($824/sqft), 2720 Extension Rd a 3 bed, 1 bath, 875 sqft Extension home listed for $689,900 ($788/sqft). The 3 homes priced the most below their assessed value are 5007 Laguna Way a 4 bed, 4 bath, 2,442 sqft Hammond Bay home listed for $925,000 (10% below its tax-assessed value), 320 Fawn Pl a 3 bed, 3 bath, 2,345 sqft Uplands home listed for $799,000 (6% below its tax-assessed value), 5992 Schooner Way a 3 bed, 3 bath, 1,938 sqft North Nanaimo home listed for $855,000 (4% below its tax-assessed value). The 3 highest priced new listings this week are 2453 East Wellington Rd a 3 bed, 2 bath, 2,342 sqft North Jingle Pot home listed for $2,350,000. 5005 Winchelsea Pl a 4 bed, 3 bath, 3,795 sqft North Nanaimo home listed for $1,788,000. 198 Heritage Dr a 4 bed, 4 bath, 3,563 sqft North Nanaimo home listed for $1,595,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 5227 Lost Lake Rd secured a 27% discount off the $1,099,900 asking price (sale price $800,000). The buyers of 545 Prideaux St secured a 15% discount off the $668,888 asking price (sale price $570,000). The buyers of 1986 Coal Tyee Trail secured a 10% discount off the $850,000 asking price (sale price $765,000). The 3 highest cost per sqft sales this week were 609 Prideaux St a 2 bed, 1 bath, 811 sqft South Nanaimo home sold for $460,000 ($567/sqft), 352 Ninth St a 3 bed, 2 bath, 1,361 sqft South Nanaimo home sold for $690,000 ($507/sqft), 1821 Meadowlark Cres a 3 bed, 2 bath, 1,168 sqft Cedar home sold for $587,500 ($503/sqft). The 3 highest sales this week were 1771 Morden Rd a 4 bed, 3 bath, 2,913 sqft Cedar home sold for $1,160,000. 3357 Whitetail Pl a 3 bed, 3 bath, 2,420 sqft Hammond Bay home sold for $1,128,000. 3309 Shearwater Dr a 4 bed, 4 bath, 3,236 sqft Hammond Bay home sold for $960,000. 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 What a great week it has been. The team has been super productive helping buyers and sellers with their real estate decisions (image here). Our Operations Manager Sara Browne designed and coordinated the installation of our Seaglass Presentation Centre (video here). The Presentation Centre is open for viewings Monday to Friday from 9am to 4pm. I had a really fun weekend with a solo adventure on my boat (video here). Stephen Schaff, Sara Browne & I went on an island boat adventure to Pirates Cove on DeCourcy Island (image here). I witnessed a beautiful Downtown Nanaimo sunset (video here). My girls and I experienced the most epic day of swimming at Kanaka Bay off the east side of Newcastle Island (video here). Nanaimo Summer is in full swing and it is going to be a good one! - 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.
Weekly Real Estate Take [July 2024 - Week 1]

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 an absorption rate analysis for Single Family homes in Nanaimo with at least 3 bedrooms and 2 bathrooms priced between $600,000 and $1,200,000. There are currently 271 active listings that fit that description. 262 have sold in the last 6 months which equates to 43 sales per month. This means we have 6.3 months of inventory. This is at the very top of balanced markets, touching ever so slightly into a buyer's market. I will be watching this closely and will report on it in our upcoming weekly and monthly reports. Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 6221 Groveland Dr a 5 bed, 3 bath, 3,600 sqft North Nanaimo home listed for $999,999 ($278/sqft), 3309 Shearwater Dr a 4 bed, 4 bath, 3,236 sqft Hammond Bay home listed for $959,900 ($297/sqft), 2390 Barclay Rd a 6 bed, 4 bath, 2,856 sqft Diver Lake home listed for $929,900 ($326/sqft). The 3 homes listed this week with the highest $/sqft are 657 Hamilton Ave a 3 bed, 2 bath, 1,108 sqft South Nanaimo home listed for $689,000 ($622/sqft), 936 Wentworth St a 4 bed, 2 bath, 1,342 sqft Old City home listed for $789,000 ($588/sqft), 3745 Elworthy Pl a 3 bed, 2 bath, 1,370 sqft Departure Bay home listed for $769,000 ($561/sqft). The 3 homes priced the most below their assessed value are 6221 Groveland Dr a 5 bed, 3 bath, 3,600 sqft North Nanaimo home listed for $999,999 (10% below its tax-assessed value), 112 Irwin St a 3 bed, 1 bath, 1,055 sqft South Nanaimo home listed for $424,900 (8% below its tax-assessed value), 7441 Elizabeth Way a 2 bed, 2 bath, 1,610 sqft Upper Lantzville home listed for $699,900 (4% below its tax-assessed value). The 3 highest priced new listings this week are 1675 Kelsie Rd a 6 bed, 4 bath, 5,049 sqft Chase River home listed for $2,349,000. 3335 Stephenson Point Rd a 4 bed, 4 bath, 3,645 sqft Hammond Bay home listed for $1,379,900. 270 Prince John Way a 5 bed, 4 bath, 3,196 sqft Departure Bay home listed for $1,349,000. Notable New Sales. The are the buyers of 3121 Northwood Rd secured a 11% discount off the $999,900 asking price (sale price $885,000). The buyers of 5631 Arnhem Terr secured a 8% discount off the $1,199,900 asking 3 buyers that secured the largest discounts this weekprice (sale price $1,100,000). The buyers of 3948 Macisaac Dr secured a 8% discount off the $699,900 asking price (sale price $645,000). The 3 highest cost per sqft sales this week were 3399 Stephenson Point Rd a 5 bed, 6 bath, 4,856 sqft Hammond Bay home sold for $2,950,000 ($607/sqft), 603 Victoria Rd a 3 bed, 2 bath, 1,058 sqft South Nanaimo home sold for $615,000 ($581/sqft), 2328 Woodside Pl a 3 bed, 2 bath, 1,424 sqft Diver Lake home sold for $789,500 ($554/sqft). The 3 highest sales this week were 3399 Stephenson Point Rd a 5 bed, 6 bath, 4,856 sqft Hammond Bay home sold for $2,950,000. 142 Royal Pacific Way a 5 bed, 4 bath, 3,526 sqft North Nanaimo home sold for $1,410,000. 1444 Leask Rd a 5 bed, 3 bath, 2,389 sqft Cedar home sold for $1,200,000. 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 is John’s life This week the team and I put 5 homes under contract and went unconditional on 2 homes. We introduced 14 industrial warehouses (video here) to the market and a luxury home in Nanoose (video here). I celebrated Canada on Thetis Island with my sister, Avery & June. We took my boat from Thetis Island to Wallace Island via Tent Island (video here). It was a beautiful day on the water. I am constantly reminded of how lucky we are to call this land home.
Weekly Real Estate Take [June 2024 - Week 4]

59 single-family homes were listed this week. That is a decrease from 61 last week. Sales have remained steady with 26 homes selling in the last 7 days. The market conditions remain balanced which means that homes with good value are selling quickly. Prices are holding steady but not increasing, so buyers are being cautious. I am encouraging our sellers to price accurately and firmly. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 3309 Shearwater Dr a 4 bed, 4 bath, 3,236 sqft Hammond Bay home listed for $959,900 ($297/sqft), 1901 Meredith Rd a 5 bed, 2 bath, 2,471 sqft Central Nanaimo home listed for $750,000 ($304/sqft), 905 Terminal Ave N a 7 bed, 3 bath, 2,500 sqft Central Nanaimo home listed for $769,000 ($308/sqft). The 3 homes listed this week with the highest $/sqft are 5705 Vanderneuk Rd a 5 bed, 5 bath, 3,351 sqft North Nanaimo home listed for $259,9000 ($776/sqft), 5707 Vanderneuk Rd a 5 bed, 4 bath, 3,611 sqft North Nanaimo home listed for $2,599,000 ($720/sqft), 2022 Woobank Rd a 3 bed, 3 bath, 1,438 sqft Cedar home listed for $989,900 ($688/sqft). The 3 homes priced the most below their assessed value are 1635 Cedar Rd a 4 bed, 2 bath, 1,694 sqft Cedar home listed for $688,000 (12% below its tax-assessed value), 210 Rovere Pl a 3 bed, 2 bath, 1,370 sqft North Nanaimo home listed for $750,000 (4% below its tax-assessed value), 905 Terminal Ave N a 7 bed, 3 bath, 2,500 sqft Central Nanaimo home listed for $769,000 (3% below its tax-assessed value). The 3 highest priced new listings this week are 5912 Waldbank Rd a 4 bed, 5 bath, 4,888 sqft North Nanaimo home listed for $3,299,900. 5707 Vanderneuk Rd a 5 bed, 4 bath, 3,611 sqft North Nanaimo home listed for $2,599,000. 5705 Vanderneuk Rd a 5 bed, 5 bath, 3,351 sqft North Nanaimo home listed for $2,599,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 3989 Hammond Bay Rd secured a 13% discount off the $964,999 asking price (sale price $840,000). The buyers of 2308 Rockwood Pl secured a 12% discount off the $1,200,000 asking price (sale price $1,050,000). The buyers of 212 Arrow Way secured a 10% discount off the $1,299,900 asking price (sale price $1,170,000). The 3 highest cost per sqft sales this week were 3259 Hallberg Rd a 4 bed, 5 bath, 1,824 sqft Extension home sold for $1,250,000 ($685/sqft), 6020 Monashee Way a 3 bed, 2 bath, 1,522 sqft North Nanaimo home sold for $880,000 ($578/sqft), 289 Kathryn Pl a 3 bed, 2 bath, 1,202 sqft University District home sold for $665,000 ($553/sqft). The 3 highest sales this week were 6975 Warick Rd a 3 bed, 3 bath, 3,248 sqft Lower Lantzville home sold for $1,308,000. 3259 Hallberg Rd a 4 bed, 5 bath, 1,824 sqft Extension home sold for $1,250,000. 418 Sealion Pl a 4 bed, 3 bath, 2,075 sqft North Nanaimo home sold for $1,177,000. 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 This week we launched the Seaglass waterfront development project. 17 new homes on a property that spans from Stewart Ave to Newcastle Ave (full details at www.johncooper.ca/seaglass). We also introduced an income property on Terminal Ave, & a Penthouse in Nanoose. The team sold 3 homes this week, including a home on Irwin St, a home on Stirling Ave. and a home on Sealion Place. I caught an incredible sunset from my home in Downtown Nanaimo (image here). I shared one of my boxing workouts at Force Boxing in Downtown Nanaimo (video here). Today the team and I attended the Victoria Real Estate Boards Softball Tournament in Topaz Park. I hope you have a wonderful Canada Day and get to enjoy some time with your loved ones. - 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.
Weekly Real Estate Take [June 2024 - Week 3]

61 single-family homes were listed this week. That is an increase from 53 last week. Sales have remained steady with 26 homes selling in the last 7 days. Anecdotally the market is very active right now. The market conditions remain balanced which means that homes with good value are selling quickly. Prices are holding steady but not increasing, so buyers are being cautious. I am encouraging our sellers to price accurately and firmly. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5375 Bayshore Dr a 5 bed, 4 bath, 4,963 sqft North Nanaimo home listed for $1,180,000 ($238/sqft), 646 Georgia Ave a 4 bed, 3 bath, 2,175 sqft South Nanaimo home listed for $734,900 ($338/sqft), 332 Georgia Ave a 5 bed, 2 bath, 2,108 sqft University District home listed for $725,000 ($344/sqft). The 3 homes listed this week with the highest $/sqft are 2868 Gordons Lane a 5 bed, 4 bath, 2,428 sqft North Jingle Pot home listed for $1,825,000 ($752/sqft), 7 Albion St a 2 bed, 1 bath, 746 sqft University District home listed for $525,000 ($704/sqft), 6071 Pine Ridge Cres a 2 bed, 1 bath, 926 sqft Pleasant Valley home listed for $628,400 ($679/sqft). The 3 homes priced the most below their assessed value are 7466 Elizabeth Way a 2 bed, 1 bath, 1,224 sqft Upper Lantzville home listed for $499,000 (25% below its tax-assessed value), 999 Beach Dr a 2 bed, 3 bath, 1,682 sqft Departure Bay home listed for $749,999 (11% below its tax-assessed value), 401 Hamilton Ave a 4 bed, 1 bath, 1,628 sqft South Nanaimo home listed for $599,000 (3% below its tax-assessed value). The 3 highest priced new listings this week are 6259 Icarus Dr a 7 bed, 5 bath, 5,465 sqft North Nanaimo home listed for $2,099,000. 2868 Gordons Lane a 5 bed, 4 bath, 2,428 sqft North Jingle Pot home listed for $1,825,000. 4648 Sheridan Ridge Rd a 6 bed, 5 bath, 4,074 sqft North Nanaimo home listed for $1,628,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 613 Hecate St secured an 8% discount off the $799,900 asking price (sale price $735,000). The buyers of 37 Morgan Pl secured a 7% discount off the $569,900 asking price (sale price $529,900). The buyers of 5670 Yorkshire Terr secured a 7% discount off the $750,000 asking price (sale price $699,000). The 3 highest cost per sqft sales this week were 2536 Quill Dr a 2 bed, 2 bath, 990 sqft Diver Lake home sold for $665,000 ($672/sqft), 551 Ruby Cres a 3 bed, 1 bath, 1,048 sqft Uplands home sold for $650,000 ($620/sqft), 5123 Broughton Pl a 2 bed, 2 bath, 1,341 sqft Uplands home sold for $779,000 ($581/sqft). The 3 highest sales this week were 5775 Alder Way a 5 bed, 4 bath, 3,290 sqft North Nanaimo home sold for $1,238,352. 263 Westwood Rd a 6 bed, 4 bath, 2,784 sqft South Jingle Pot home sold for $1,170,000. 5790 Linyard Rd a 5 bed, 4 bath, 3,364 sqft North Nanaimo home sold for $1,145,000. 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 I am super proud of the team. We had 5 subject removals this week (picture here), 2 completions, an accepted offer and launched 2 new listings including a Central Nanaimo home on Hunter Street (video here) and a cute and tidy townhome on Bowen Rd (video here). I took Sara and Stephen out on my boat last week. We went through Dodd Narrows, explored Mudge Island & the Gabriola Cliffs (image here). Fathers Day I went on a road trip with Avery, June and my sister Kim to Deception Pass in Washington State, ending in Oak Harbour (video here). I was also able to visit with the Dad (image here) (video here). Yesterday we honoured the summer solstice with a release of some incredible sunset footage we captured from a drone when I was out on my boat (video here). - 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.
Weekly Real Estate Take [June 2024 - Week 2]

New listings have dropped from 62 last week to 53 this week. Sales are up from 16 to 28. The market for single-family homes remains balanced. Well-priced homes are often receiving multiple offers, overpriced homes are sitting and having to adjust their price to remain competitive. Prices are not rising. I believe that prices will remain stable and inventory levels will rise slightly between now and August 2024. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 365 Trinity Dr a 8 bed, 6 bath, 4,684 sqft University District home listed for $1,199,000 ($256/sqft), 1239 Okanagan Pl a 4 bed, 3 bath, 3,932 sqft University District home listed for $1,198,000 ($305/sqft), 131 Wildlife Pl a 4 bed, 2 bath, 2,596 sqft University District home listed for $799,900 ($308/sqft). The 3 homes listed this week with the highest $/sqft are 3340 Stephenson Point Rd a 5 bed, 5 bath, 4,261 sqft Hammond Bay home listed for $3,390,000 ($796/sqft), 3871 Rock City Rd a 3 bed, 2 bath, 1,150 sqft Departure Bay home listed for $699,900 ($609/sqft), 3745 Elworthy Pl a 3 bed, 2 bath, 1,370 sqft Departure Bay home listed for $799,000 ($583/sqft). The 3 homes priced the most below their assessed value are 131 Wildlife Pl a 4 bed, 2 bath, 2,596 sqft University District home listed for $799,900 (9% below its tax-assessed value), 5559 Cliffside Rd a 5 bed, 3 bath, 2,866 sqft North Nanaimo home listed for $1,149,000 (7% below its tax-assessed value), 370 Poets Trail Dr a 3 bed, 3 bath, 2,291 sqft University District home listed for $997,900 (2% below its tax-assessed value). The 3 highest-priced new listings this week are 7971 Superior Rd a 4 bed, 3 bath, 2,016 sqft Upper Lantzville home listed for $3,450,000. 3340 Stephenson Point Rd a 5 bed, 5 bath, 4,261 sqft Hammond Bay home listed for $3,390,000. 3865 Gulfview Dr a 6 bed, 6 bath, 3,515 sqft Hammond Bay home listed for $1,825,000. Notable New Sales The 3 buyers that secured the largest discounts this week are the buyers of 5391 Kenwill Dr secured a 12% discount off the $2,500,000 asking price (sale price $2,195,000). The buyers of 1425 White St secured a 9% discount off the $599,000 asking price (sale price $545,000). The buyers of 1816 Meadowlark Cres secured a 7% discount off the $749,000 asking price (sale price $700,000). The 3 highest cost per sqft sales this week were 5267 Fillinger Cres a 3 bed, 2 bath, 1,380 sqft North Nanaimo home sold for $935,000 ($678/sqft), 7357 Lantzville Rd a 3 bed, 3 bath, 1,530 sqft Lower Lantzville home sold for $1,035,000 ($676/sqft), 1655 Sheriff Way a 3 bed, 2 bath, 1,116 sqft Departure Bay home sold for $690,000 ($618/sqft). The 3 highest sales this week were 5391 Kenwill Dr a 6 bed, 6 bath, 4,424 sqft North Nanaimo home sold for $2,195,000. 2873 Kilpatrick Rd a 3 bed, 3 bath, 3,176 sqft North Jingle Pot home sold for $1,625,000. 119 Black Powder Trail a 4 bed, 3 bath, 2,333 sqft Departure Bay home sold for $1,079,900. 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 This week was a whirlwind. Our team sold half a dozen homes (picture here) and launched 3 new listings. A house with a suite and shop on Stirling Ave I'm South Nanaimo (video here), an affordable character home on Hunter Street in Central Nanaimo (video here), and a tidy townhome in Central Nanaimo on Bowen Rd (video here). I had a nice visit with a client in the Ladysmith and stopped by our recently sold property on 4th Ave Ext (picture here). And in case you missed it, we also just listed a beautiful home in Cedar on Fielding Rd (picture here). Last night I took three team out to explore some of the small islands on the south side of Dodds Narrows on my boat and we were treated to perfect weather conditions (picture here). This weekend in am visiting with some friends in my hometown of White Rock BC and spending some time with my Dad and daughters for Father's Day on Sunday. I hope you all get to enjoy some time with your loved ones this weekend. - 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.
Weekly Real Estate Take [June 2024 - Week 1]

I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 5375 Bayshore Dr a 5 bed, 4 bath, 4,963 sqft North Nanaimo home listed for $1,225,000 ($247/sqft), 1207 Thunderbird Dr a 5 bed, 2 bath, 2,516 sqft Central Nanaimo home listed for $719,000 ($286/sqft), 815 Oakley St a 4 bed, 1 bath, 1,944 sqft Central Nanaimo home listed for $567,900 ($292/sqft).The 3 homes listed this week with the highest $/sqft are 7971 Superior Rd a 4 bed, 3 bath, 2,016 sqft Upper Lantzville home listed for $3,450,000 ($1,711/sqft), 1303 Junction Ave a 3 bed, 2 bath, 2,337 sqft Chase River home listed for $2,500,000 ($1,070/sqft), 1323 Wexford Rd a 3 bed, 2 bath, 870 sqft Chase River home listed for $799,999 ($920/sqft).The 3 homes priced the most below their assessed value are 369 Nottingham Dr a 4 bed, 5 bath, 4,010 sqft Departure Bay home listed for $1,380,000 (18% below its tax-assessed value), 4223 Early Dr a 3 bed, 2 bath, 1,162 sqft Uplands home listed for $649,900 (11% below its tax-assessed value), 629 Railway Ave a 3 bed, 2 bath, 1,393 sqft South Nanaimo home listed for $639,900 (11% below its tax-assessed value).The 3 highest-priced new listings this week are 7971 Superior Rd a 4 bed, 3 bath, 2,016 sqft Upper Lantzville home listed for $3,450,000. 7255 Aulds Rd a 4 bed, 4 bath, 4,882 sqft Upper Lantzville home listed for $2,999,900. 1303 Junction Ave a 3 bed, 2 bath, 2,337 sqft Chase River home listed for $250,0000.Notable New Sales.The 3 buyers that secured the largest discounts this week are the buyers of 998 Douglas Ave secured a 9% discount off the $949,900 asking price (sale price $868,000). The buyers of 9 Machleary St secured a 7% discount off the $664,900 asking price (sale price $618,000). The buyers of 5861 Brigantine Dr secured a 5% discount off the $919,800 asking price (sale price $870,000).The 3 highest cost per sqft sales this week were 200 View St a 2 bed, 1 bath, 720 sqft South Nanaimo home sold for $490,000 ($681/sqft), 5947 Cathedral Cres a 3 bed, 2 bath, 1,298 sqft North Nanaimo home sold for $739,000 ($569/sqft), 2746 Camcrest Dr a 3 bed, 2 bath, 1,255 sqft Diver Lake home sold for $679,000 ($541/sqft).The 3 highest sales this week were 6500 Raven Rd a 4 bed, 3 bath, 3,579 sqft North Nanaimo home sold for $1,505,000. 108 Linmark Way a 4 bed, 3 bath, 2,099 sqft North Nanaimo home sold for $1,113,000. 5235 Hammond Bay Rd a 3 bed, 3 bath, 2,149 sqft North Nanaimo home sold for $1,050,000.If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price. Nanaimo Residential New Listings Nanaimo Residential Home Sales This Week Nanaimo Residential Withdrawn / Cancelled / Expired Listings Additional Market Stats (Nanaimo, Parksville, Qualicum Beach & Ladysmith) This week is John’s lifeThis week we introduced several properties to market, including this beautiful patio home in Hammond Bay (video here). I had the pleasure of touring an incredible estate on Lake Cowichan (video here). Next week we have 3 new properties going live, including a home with a suite and a shop for under $750,000, a character home in Central Nanaimo for under $600,000 and a 2 level townhome for under $300,000. In my personal life I reflected on my 15 year career and recent journey (pictures here) and I am ready to take my Searay out on it’s first voyage of the summer this weekend (video here).
Weekly Real Estate Take [May 2024 - Week 5]

New listings have dropped from 53 last week to 41 this week. Sales are up from 15 to 24. The market for single-family homes remains balanced. Well-priced homes are often receiving multiple offers, overpriced homes are sitting and having to adjust their price to remain competitive. Prices are not rising. I believe that prices will remain stable and inventory levels will rise slightly between now and August 2024. If you are interested in learning what the market conditions are for your home, drop me an email and we can arrange for a conversation about your needs. Replies to this weekly email come directly to my personal inbox and I read and reply to every email I receive. I pride myself on my clients having direct contact and access to me. - John Cooper Notable New Listings. I like to start by outlining the best value based on $/sqft. The 3 best value homes listed this week are 11 Dancer Rd a 6 bed, 5 bath, 3,551 sqft Chase River home listed for $849,000 ($239/sqft), 1467 Bay St a 4 bed, 3 bath, 2,692 sqft Departure Bay home listed for $715,000 ($266/sqft), 1425 Montrose Ave a 4 bed, 3 bath, 2,688 sqft Departure Bay home listed for $834,500 ($310/sqft). The 3 homes listed this week with the highest $/sqft are 2245 Tiara Pl a 3 bed, 3 bath, 2,015 sqft Cedar home listed for $1,749,000 ($868/sqft), 5803 Quarry Cres a 4 bed, 3 bath, 2,342 sqft Pleasant Valley home listed for $1,699,900 ($726/sqft), 7455 Copley Ridge Dr a 4 bed, 3 bath, 3,203 sqft Upper Lantzville home listed for $2,098,000 ($655/sqft). The 3 homes priced the most below their assessed value are 1467 Bay St a 4 bed, 3 bath, 2,692 sqft Departure Bay home listed for $715,000 (8% below its tax-assessed value), 852 Whistler Pl a 4 bed, 3 bath, 2,016 sqft South Nanaimo home listed for $849,900 (4% below its tax-assessed value), 5675 Brookwood Dr a 4 bed, 2 bath, 1,786 sqft Uplands home listed for $699,900 (4% below its tax-assessed value). The 3 highest priced new listings this week are 7455 Copley Ridge Dr a 4 bed, 3 bath, 3,203 sqft Upper Lantzville home listed for $2,098,000. 2245 Tiara Pl a 3 bed, 3 bath, 2,015 sqft Cedar home listed for $1,749,000. 5803 Quarry Cres a 4 bed, 3 bath, 2,342 sqft Pleasant Valley home listed for $1,699,900. Notable New Sales. The 3 buyers that secured the largest discounts this week are the buyers of 5134 Owlstone Pl secured a 19% discount off the $1,150,000 asking price (sale price $929,000). The buyers of 7793 Superior Rd secured a 13% discount off the $1,150,000 asking price (sale price $999,999). The buyers of 2245 Belwood Pl secured a 9% discount off the $1,250,000 asking price (sale price $1,140,000). The 3 highest cost per sqft sales this week were 7793 Superior Rd a 3 bed, 1 bath, 1,763 sqft Upper Lantzville home sold for $999,999 ($567/sqft), 3898 Uplands Dr a 3 bed, 2 bath, 1,122 sqft Uplands home sold for $615,000 ($548/sqft), 6100 Janelle Pl a 3 bed, 2 bath, 1,935 sqft North Nanaimo home sold for $934,000 ($483/sqft). The 3 highest sales this week were 3983 Gulfview Dr a 5 bed, 3 bath, 3,744 sqft North Nanaimo home sold for $1,590,000. 5866 Linyard Rd a 5 bed, 4 bath, 3,044 sqft North Nanaimo home sold for $1,280,000. 7335 Aulds Rd a 5 bed, 3 bath, 2,584 sqft Upper Lantzville home sold for $1,225,000. If you are looking for details on a recent sale not mentioned here, email me and I will send you the sale price. Social Media - Just in Case You Missed It: Understanding Building Inspections: What to Expect and How It Impacts Your Home Purchase Choosing the Right Real Estate Advisor: What to Look for Beyond the Price and Brand Mastering the Move: Navigating Selling and Buying Simultaneously in Real Estate Real Talk: Navigating Challenges in the Real Estate Industry This Week in My Life Another busy week for our team. I received 5 offers on 5 different properties this Monday which was great news for our sellers! We put $4.2M under contract this week! I launched a marketing campaign on a great investment property on Nicol St. (video here) and had 2 properties go unconditional. I am grateful to have our small but mighty team in busy times like these (post here). We have 2 new properties hitting the market next week! In other news, we got our logo animated this week, which you will become quite familiar with if you are engaging with our content (video here). This weekend my girls and I are going to head down to our place on Thetis Island and prepare our boat for the summer season. Very excited for our first voyage.

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