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New property listed in Na Uplands, Nanaimo

I have listed a new property at 4205 Uplands Dr in Nanaimo. See details here

Welcome to this 3-bedroom, 3-bathroom home, offering cozy cottage-like ambiance on a beautiful, private lot. Spanning 1,690 sqft, this home features a sunken living room adjacent to a dining area. French doors lead from the dining area into a bright kitchen with a breakfast nook, abundant windows, and a lovely view of the yard. The kitchen also provides patio access perfect for enjoying your morning coffee in the serene backyard. Down the hall, you’ll find a 3-piece bathroom and the primary bedroom at the back of the home. The second and third bedrooms are located on the side, along with an additional 3-piece and 4-piece bathrooms. At the front, a spacious family room offers space for gatherings, while a separate den provides an workspace or potential in-law suite with its own entrance.The property is zoned R5, allowing for future development of up to four units, making it ideal for a 4plex configuration. Access from both Uplands Dr and Clubhouse Dr, the lot offers two entrances.

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I have sold a property at 45 444 Bruce Ave in Nanaimo

I have sold a property at 45 444 Bruce Ave in Nanaimo on Aug 26, 2024. See details here

Pear Tree Meadows offers this spacious 3 bedrm, 2 bathrm townhouse which is perfectly situated as an end unit with plenty of natural light. The main floor features bright living rm & dining rm area, spacious kitchen with eating area and a 2 pc bathrm. Back patio access from living room to private patio with surrounding lawn area. There are 3 bedrms upstairs. The primary bedrm has a private deck with cheater door to main bathrm. Laundry rm on upper level. Updated 4 pc bathroom. Carport parking right outside your front door for easy access with separate locked storage room. Located in the university district, offering convenient access to a range of amenities. It is within walking distance to the University Mall, University (VIU), all levels of schools, recreational facilities, and bus route. Quick possession. New hot water tank. Please note that measurement are approximate and should be confirmed if they are important to the buyer.

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I have sold a property at 2223 Rosstown  Rd in Nanaimo

I have sold a property at 2223 Rosstown Rd in Nanaimo on Jul 26, 2024. See details here

Great central Nanaimo location. Easily walkable to grocery stores, restaurants and Beban Park Recreational Facility and sports fields. Great mountain views from the back deck. Both floors contain 3 bedrooms, 1 bathroom, good sized kitchen and large living room. Great option for a mortgage helper, or hold the property for future potential. New flooring in most of the basement, new washer/dryer. Official Community Plan proposes "Neighbourhood" zoning for the property, which would allow for up to four stories of multifamily or mixed commercial/residential. The property is surrounded on two sides by "Mixed-Use Corridor" which is currently being developed into townhouses. This is an opportunity to earn rental income while holding a property with great development potential.

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I have sold a property at 206 Seven Oaks Pl in Nanaimo

I have sold a property at 206 Seven Oaks Pl in Nanaimo on Jul 25, 2024. See details here

Exceptional living opportunity in a fantastic neighbourhood! This exquisitely appointed ocean & mountain view rancher offers 2 bedrooms & 2 bathrooms with an excellent proximity to great amenities! These include shopping, beach access, parks and wonderful schools! Step inside to discover a living and dining room bathed in natural light from a lovely bay window! The gourmet galley kitchen is updated with white cabinetry, stainless steel appliances, lovely tile backsplash and accented by a charming breakfast nook with ocean views. The adjoining family room offers a cozy gas fireplace & seamlessly flows into a stunning solarium with access to the expansive deck! The primary bedroom is complete with a walk-in closet and 3 piece ensuite. An additional bedroom, main bathroom, laundry and spacious den/office space finish up this great home. The lush backyard is a serene pace and perfect for hosting and offers an idyllic & peaceful setting. Don't miss this exceptional and rare opportunity!

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I have sold a property at 4718 Island Hwy N in Courtenay

I have sold a property at 4718 Island Hwy N in Courtenay on Jul 15, 2024. See details here

MORTGAGE HELPER! EXTENSIVELY UPGRADED and .79 ACRES! Excellent opportunity for the investor, or a buyer looking to generate rental income, or extending living opportunities, while not compromising their own privacy. Extensively upgraded, including the durability of a metal roof, the primary living area shows like new with newer flooring, baseboards, door moldings, lighting, and a kitchen featuring granite counters, beautiful new cabinetry and a recessed sink. The fully fenced yard ensures safe outdoor play for children and pets. The one bedroom duplex-style suite is self-contained with it's own entrance, laundry and is beautifully updated. The lot measures .79 acres and with the promotion of higher density, is large enough to build an additional house behind the existing house and rear alley access invites easy storage for RV's & boats. This very versatile property is an easy commute to numerous venues, outdoor activities, and the many amenities of the Comox Valley!

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May 2024 Market Stats

Well the month of May was full of surprises and the number of listings increased across all regions.

Let’s now have a look at the activity for May 2024. The number of single family homes sold in Parksville/Qualicum and Nanaimo decreased in May 2024 versus May 2023. The Cowichan Valley saw a decrease 5% in the number of homes sold versus May 2023.

Days on market for single family homes in Parksville/Qualicum was down 26% versus May 2023, Nanaimo saw an increase of 11% versus May 2023 and the Cowichan Valley was down 1% versus May 2023.

The average price for single family homes increased in both Parksville/Qualicum and Nanaimo and it was flat for the Cowichan Valley.

With listings up for single family homes, it was interesting to see the downward trend in the number of homes sold. This is most likely an indicator of buyers waiting to see if the Bank of Canada will reduce interest rates on June 5th as inventory levels are up allowing them more time to make a purchasing decision.

The number of condo and townhome units sold was up 29% for Parksville/Qualicum, Nanaimo saw a reduction of 12% in units sold and the Cowichan Valley had an increase of 32% in units sold versus May 2023. The number of new listings was also up in Parksville/Qualicum, Nanaimo and the Cowichan Valley versus May 2023. As we witnessed in April, with new listings on the rise, the trend has continued for the month of May.

The average price for condo and townhome units was down 21% for Parksville/Qualicum and down 11% for Nanaimo and the Cowichan Valley increased 8% versus May 2023. The days on market for condos and townhomes in Parksville/Qualicum and Nanaimo was up versus May 2023 and down 32% for the Cowichan Valley. An increase in inventory levels in all regions for May 2024 allows for more options for buyers and time to to find the right property with less pressure to purchase immediately.

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April 2024 Market Stats

April Market Stats are here! Spring market has sprung to life in April, the number of new listings has increased across all regions!

How is the spring market shaping up? We saw a significant increase in listings in April along with an increase in the average sale price for Single Family homes. As buyers compete for the same price point, we may continue to see upwards pressure on pricing in future months unless inventory levels rise dramatically in May for homes priced under $1,000,000. The condo and townhome markets are softening in Parksville/Qualicum as inventory rose significantly in April 2024 as more sellers entered the market in advance of the new BC Government rules concerning short term rentals effective May 1st. The condo/townhome market in Nanaimo still remains strong as buyers seek an affordable option to live in an urban setting that offers many amenities including excellent access points to the BC Ferries. Stay tuned for May as the market is changing monthly with changes in legislation, upcoming elections and interest rates all in the mix to create an element of uncertainty.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.