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Real estate market report for March 2024

Welcome to the monthly real estate statistics newsletter.  

The Bank of Canada held its benchmark interest rate again, however, with signs that inflation could be easing there are indications that a rate cut in June is possible.

So far this year our sales are averaging slightly lower than the same period last year but our inventory levels are higher. Although the number of properties for sale is still quite low when you look at the previous 10 years. 

The median price for a freehold home in Nanaimo is averaging around $800,000 so far this year and around $940,000 in Parksville/Qualicum, which are both slightly higher than the same period last year. What will happen for the remainder of the year is difficult to predict as it likely will depend on the Bank of Canada June announcement...

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Posted in Na Central Nanaimo, Nanaimo Real Estate
I have sold a property at 4 1630 Crescent View Dr in Nanaimo

I have sold a property at 4 1630 Crescent View Dr in Nanaimo on Apr 11, 2024. See details here

This centrally located 2 bedroom, 1 bathroom condo is within walking distance of shops, restaurants, coffee shops, bus route, & the hospital making it ideal for first time buyers or students attending VIU. As you enter you will notice the large kitchen which opens into the spacious living room with south facing patio doors onto your balcony which allow for plenty of light to filter into the condo. 2 similarly sized bedrooms, one with a murphy bed, makes this unit a good option for roommates or someone who needs a home office. This unit boasts updated flooring, paint & bathroom with the building having undergone many updates recently, with a new roof, boiler system, hot water on demand that services...

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Posted in Na Uplands, Nanaimo Real Estate
I have sold a property at 3335 Rock City Rd in Nanaimo

I have sold a property at 3335 Rock City Rd in Nanaimo on Mar 26, 2024. See details here

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short distance away. Don't miss your opportunity to call...

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Posted in Na Pleasant Valley, Nanaimo Real Estate
New property listed in Na Pleasant Valley, Nanaimo

I have listed a new property at 124 5854 Turner Rd in Nanaimo. See details here

Spacious 3-bedroom, 2-bathroom home boasting one of the largest outdoor areas in the park. This unique property offers privacy with its separate access, providing ample distance from neighbors. Featuring a well-appointed kitchen, mud/cloak room and a grand living room, the nearly 1,500 sq ft layout includes a luxurious ensuite with a jacuzzi tub and shower. Skylights, vaulted ceilings, and expansive windows flood the interior with natural light, creating an airy and inviting living space. Enjoy the tranquility and comfort of this exceptional residence which is perfect for those seeking a peaceful retreat. Also outside there is good sized storage shed and plenty of parking. Woodgrove Estates is a popular, pet friendly,...

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Posted in Na Brechin Hill, Nanaimo Real Estate
New property listed in Na Brechin Hill, Nanaimo

I have listed a new property at 605 220 Townsite Rd in Nanaimo. See details here

Fantastic water views from this unit, as it is on the ocean facing side of the building, so the views stretch from Departure Bay down to Maffeo Sutton Park, encompassing the marina, Newcastle Channel and Newcastle Island. The unit has been updated with beautiful laminate flooring and has been recently painted. The concrete building has previously undergone an envelope rehabilitation and therefore has upgraded windows, decks, railings & roof - plus the elevator was done in 2021. The unit also comes with a large covered, secured, parking stall, which is close to the elevator, and has its own storage room. The building is equipped with a common room, a sauna and hot tub room, a courtyard with communal bbq, and secured...

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Real estate market report for January 2024

Welcome to the monthly real estate statistics newsletter.  




Real Estate Statistics

Synopsis for Nanaimo
 

The graphs below show the median sold price, sold numbers and number of new listings since the beginning of each year (freehold homes, townhouses and apartments.)

Median Sold Price - freehold homes:




Median Sold Price - townhouses:




Median Sold Price - apartments:



Sold Numbers - freehold homes:




Sold numbers - townhouses:




Sold numbers - apartments:




Number of new listings - freehold homes:





Number of new listings - townhouses:




Number of new listings - apartments:



The following graphs shows the % difference of the housing price index (HPI) from the same month 6 and 12 months ago. It is split into the different sub-areas (the overall figure for Nanaimo is on the left of the graphs.)

Freehold homes:...

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Posted in Na Uplands, Nanaimo Real Estate
Open House. Open House on Saturday, February 24, 2024 11:00AM - 1:00PM

Please visit our Open House at 3335 Rock City Rd in Nanaimo. See details here

Open House on Saturday, February 24, 2024 11:00AM - 1:00PM

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short...

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Posted in Na Uplands, Nanaimo Real Estate
Open House. Open House on Saturday, February 17, 2024 11:00AM - 1:00PM

Please visit our Open House at 3335 Rock City Rd in Nanaimo. See details here

Open House on Saturday, February 17, 2024 11:00AM - 1:00PM

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short...

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Posted in Na Uplands, Nanaimo Real Estate
Open House. Open House on Saturday, February 10, 2024 10:30AM - 12:00PM

Please visit our Open House at 3335 Rock City Rd in Nanaimo. See details here

Open House on Saturday, February 10, 2024 10:30AM - 12:00PM

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short...

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Posted in Na Uplands, Nanaimo Real Estate
Open House. Open House on Saturday, February 3, 2024 11:45AM - 1:30PM

Please visit our Open House at 3335 Rock City Rd in Nanaimo. See details here

Open House on Saturday, February 3, 2024 11:45AM - 1:30PM

Renovated and modernized, this charming home sits on a spacious 1/4 acre lot with a fully fenced rear garden, offering plenty of room for outdoor activities and entertaining. Plus as an added bonus there is space beside the home to park your RV or boat. Boasting a newer kitchen, bathrooms, flooring and paint inside and out, this home exudes a vibrant and welcoming atmosphere. With 4 bedrooms and 3 bathrooms, there is ample space for a growing family. The lower level features a tastefully renovated 1 bedroom suite, perfect for generating rental income or accommodating guests. Conveniently located near schools and shopping, everything you need is just a short...

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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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Ian Hodson

Telephone (250) 756-1132

ian@ianhodson.ca

4200 Island Highway

Nanaimo, B.C., 

V9T 1W6

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