Nanaimo & Parksville Luxury Homes Market Report

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Current Nanaimo & Parksville Luxury Data

Nanaimo & Parksville Luxury Homes Market Report

Track the top of the market from Ladysmith and Chemainus to Qualicum Beach and Bowser: houses, condos and townhomes listed at $2 million and above through the Vancouver Island Real Estate Board, with asking-price ranges, price per square foot, days on market and active inventory. The figures are generated from current MLS® data and update as properties are listed, sold or repriced.

Nanaimo and Parksville luxury market caution: A few very large waterfront acreages in Cedar, Yellow Point and Lantzville can list at several times the price of a typical $2 million home and pull the average up sharply. Price per square foot is also skewed by oceanfront lots sold mainly for the land, where an older cottage counts as the living area. Read the middle of the table and compare homes on similar shoreline.
Sailboat on Parksville Bay with forested shore and cloud-topped mountains
Nanaimo & Parksville Luxury Market Homes listed at $2 million and above, from Saltair and Cedar to Fairwinds and Qualicum Beach
How to Read the Numbers

Understanding Nanaimo and Parksville Luxury Market Data

At this price the shoreline, the land and the tax rules of each community count for more than the size of the house.

01

Where the $2M+ Listings Are

Nanoose Bay, including Fairwinds, and north Nanaimo along Hammond Bay and Departure Bay supply much of this market. Lantzville, Qualicum Beach, Parksville, Ladysmith and Saltair, Cedar and Yellow Point and Gabriola Island add a smaller, changing number of oceanfront and estate listings.

02

Land and Shoreline Carry the Price

Most listings here are waterfront, acreage or both. Frontage, bank height, exposure and privacy often explain more of the price than finishes or square footage, so two homes of similar size on the same road can be far apart in value.

03

Thin Sales, Long Market Times

With few high-end sales in any one community, comparables are thin and homes at this level usually take longer to sell than the general market. Expect the days-on-market figure in this report to run well above the area-wide average.

04

Active Listings, Not Sold Prices

These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
7393 Sunbury Rd 7 5 3,772 $2,674,900 $709 4 days
312 Roland Rd 4 4 3,958 $2,698,000 $681 5 days
1045 Ravensbourne Lane 5 4 3,993 $2,200,000 $550 6 days
3230 Huntington Pl 3 3 3,234 $2,800,000 $865 8 days
3349 Creekside Pl 6 5 4,065 $2,249,900 $553 7 days
990 View Rd 4 5 3,455 $2,888,000 $835 9 days
2070 Cooper Rd 5 5 5,109 $2,940,000 $575 15 days
177 Sunningdale E Rd 4 5 3,776 $2,050,000 $542 15 days
2080 Rolston Pl 3 4 3,266 $2,495,000 $763 18 days
1845 Craig Dr 4 4 3,632 $2,398,000 $660 19 days
2065 Sanders Rd 4 8 6,522 $2,999,000 $459 20 days
2023 Seahaven Rd 4 5 4,131 $5,900,000 $1,428 21 days
3079 Jameson Rd 4 4 3,138 $2,150,000 $685 21 days
3838 Fearn Way 3 3 2,170 $2,599,000 $1,197 26 days
218 Sunningdale E Rd 2 1 1,654 $2,750,000 $1,662 23 days
2450 Ainsley Pl 4 4 5,690 $4,499,000 $790 23 days
859 Andreef Rd 5 5 4,356 $4,350,000 $998 27 days
6495/6499 Doumont Rd 7 6 4,618 $2,799,000 $606 30 days
7545 Copley Ridge Dr 3 3 3,396 $2,990,000 $880 32 days
319 Chemainus Rd 4 4 4,239 $2,500,000 $589 33 days
2600 Randle Rd 4 3 3,479 $2,750,000 $790 33 days
4718/4720 Shell Beach Rd 6 5 2,033 $2,798,000 $1,376 33 days
3973 Cove Rd 5 6 6,019 $4,399,900 $731 34 days
1724 Oak Leaf Dr 4 6 5,250 $6,249,000 $1,190 36 days
3610 Outrigger Rd 3 4 2,501 $3,180,000 $1,271 36 days
2550 Quennell Rd 3 2 2,400 $2,099,000 $874 42 days
191 Cilaire Dr 5 5 4,431 $2,498,000 $563 42 days
2185 Widgeon Rd 4 6 4,788 $2,495,000 $521 48 days
1730 Oak Leaf Dr 4 4 5,181 $5,295,000 $1,022 48 days
6002 Icarus Dr 5 4 4,774 $2,375,000 $497 55 days
3029 Meadow Dr 5 5 4,768 $2,375,000 $498 58 days
3300 Ferguson Rd 4 6 4,565 $4,195,000 $918 58 days
2858 Twin Oaks Dr 5 3 3,122 $2,595,000 $831 58 days
511 Soriel Rd 5 8 9,844 $3,500,000 $355 61 days
3850 Yellow Point Rd 2 2 850 $4,900,000 $5,764 60 days
1495 Coats Dr 4 4 2,926 $2,000,000 $683 61 days
6001 Mountain View Rd Unit ##Proposed 2 4 3,460 $4,135,000 $1,195 61 days
1045 Matuka Dr 4 4 5,283 $2,695,000 $510 63 days
2445 Godfrey Rd 5 3 2,342 $2,249,000 $960 68 days
11680 Fairtide Rd 5 9 4,950 $3,950,000 $797 71 days
880 Bluffs Dr 4 3 4,465 $2,400,000 $537 79 days
1501 Argyle Ave 6 4 3,268 $2,074,900 $634 82 days
3856 Gulfview Dr 8 6 4,683 $2,295,000 $490 84 days
1341 Madrona Dr 3 4 2,498 $4,795,000 $1,919 84 days
5025 Hinrich View 5 8 8,247 $6,499,500 $788 98 days
5071 Island W Hwy 4 5 3,655 $2,495,000 $682 103 days
2980 Lofthouse Rd 14 9 9,735 $13,250,000 $1,361 106 days
2534 Island W Hwy 3 5 3,070 $2,050,000 $667 104 days
2995 Island W Hwy 3 3 2,822 $2,100,000 $744 104 days
7376 High Ridge Cres 4 5 5,354 $2,750,000 $513 113 days
Average: 4.5 4.5 4,061 $3,168,320 $918 104 days
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