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

Nanaimo Weekly Take:

Weekly Real Estate Take [March 2025 - Week 2]

Market Update This week was another record week for new listings. We had 60 single-family homes listed in Nanaimo in the last 7 days. This is not unusual this time of year. However, we have seen an unexpected decrease in sales this week, with only 10 homes selling in the last 7 days. That
Weekly Real Estate Take March 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 7503 Clark Cres a 5 bed, 3 bath, 4873 sqft Upper Lantzville home listed for $1,397,000 ($287/sqft), 781 Chelsea St a 5 bed, 2 bath, 2208 sqft Central Nanaimo home listed
Weekly Real Estate Take February 2025 - Week 4

The number of new single-family homes being introduced to the market each week is holding steady at 30 new homes per week. Sales have increased this week over last with 12 single family homes selling in the last 7 days (8 sold the week prior). Despite global market uncertainty, the Nanaimo real
Weekly Real Estate Take February 2025 - Week 3

We are seeing a 5 week average of 30 new single family homes hitting the Nanaimo market every 7 days. Sales were steadily increasing each week up until this week. Only 8 single family homes sold in Nanaimo in the last 7 days. A drop from the 21 homes that sold last week. The general mar
Weekly Real Estate Take February 2025 - Week 2

In the last 7 days, 34 single-family homes were introduced to the market in Nanaimo. 21 single-family homes have sold in the last 7 days. The first 14 days of February indicate that real estate trading activity will remain stable and balanced into 2025. The snow-covered ground has put a temporar
Weekly Real Estate Take [February 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 703 Stirling Ave a 3 bed, 2 bath, 1,756 sqft University District home listed for $499,900 ($285/sqft), 3954 Jingle Pot Rd a 5 bed, 4 bath, 3310 sqft North Jingle Pot hom
Weekly Real Estate Take [January 2025 - Week 5]

Market Update New listings have held steady this week, with 37 single-family homes being introduced to the Nanaimo market in the last 7 days. The most impactful change has been the number of reported sales. Spring has arrived early this year. Home sales have doubled in the last week, with
Weekly Real Estate Take [January 2025 - Week 4]

Market Update The momentum continues as we move deeper into January 2025. This week saw 34 new single-family homes hit the market, a slight increase from the 32 new listings last week. Sales have slowed a little further, with 10 new sales this week compared to 11 last week. Our team is st
Weekly Real Estate Take [January 2025 - Week 3]

Market Update The flow of new listings is starting early in 2025. The number of new listings hitting the market this week has doubled from last week with 32 new single family homes hitting the market in the last 7 days. New sales have declined subtly from 16 last week to just 11 this w
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 t
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 fo
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 ex
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
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 s
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 listi
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 feel
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 startin
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 announc
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 n
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
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
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 la
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
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, sale
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 a
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
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 inv
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 inven
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 fluctu
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

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