Nanaimo & Parksville Real Estate Market Report

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Current Nanaimo & Parksville Data

Nanaimo & Parksville Real Estate Market Report

Track current market conditions for Nanaimo, Lantzville, Nanoose Bay, Parksville, Qualicum Beach, Errington, Coombs, Qualicum Bay, Bowser, Cedar, Gabriola Island, Ladysmith and Chemainus, including asking-price ranges, price per square foot, days on market and active inventory for every property type listed through the Vancouver Island Real Estate Board. The figures below are generated from current MLS® data and stay current as properties are listed, sold or repriced.

Nanaimo and Parksville market caution: The area-wide figures blend a city of condos and family subdivisions with resort towns, rural acreage, an island served by ferry and two small heritage towns, so the overall average moves with the mix of what is listed. Oceanfront estates in Nanoose Bay and Lantzville pull the average up, while manufactured homes in parks and fractional resort suites on the Parksville beachfront pull the low end down. Compare within one community and one property type before drawing conclusions.
Nanaimo boat basin and harbour with Newcastle and Protection islands beyond
Nanaimo & Parksville Market Homes, condos, townhomes, waterfront and land from Chemainus and Ladysmith to Qualicum Bay and Bowser
How to Read the Numbers

Understanding Nanaimo and Parksville Market Data

The area combines several local markets with different buyers, building ages and services, and each one weighs on the figures in its own way.

01

Nanaimo Carries the Volume

Nanaimo usually supplies most of the area's listings, from older homes in Harewood and the Old City to condos downtown and newer subdivisions in the north end. Its volume means city listings dominate the area-wide averages, so a separate look at Oceanside or the south end often tells a different story.

02

Oceanside Draws Retirees

Parksville, Qualicum Beach and Nanoose Bay attract downsizers and retirees, which keeps demand high for single-level homes, patio homes, 55+ buildings and beachfront condos. Golf and marina communities such as Fairwinds and Eaglecrest add higher-priced homes to the mix.

03

Rural and Island Property

Acreages in Cedar, Yellow Point, Errington, Coombs and Bowser and homes on Gabriola Island depend on wells, septic systems and, for Gabriola, the ferry. Land, outbuildings and water supply affect their value more than living area, which makes price per square foot a weak guide.

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
944 Poplar Way 3 2 1,768 $425,000 $240 2 days
9945 Cedar St 4 2 2,549 $999,000 $391 0 days
640 Railway Ave 4 3 1,940 $680,000 $350 0 days
1605 Bowen Rd N/A N/A N/A $699,900 Unknown 0 days
Lot 1 Hilliers Rd N/A N/A N/A $999,000 Unknown 0 days
Lot 2 Hilliers Rd N/A N/A N/A $949,000 Unknown 0 days
6140B Mcgirr Rd 2 2 1,154 $499,000 $432 0 days
1990 Rena Rd 4 3 2,211 $1,174,900 $531 0 days
158 Promenade Dr Unit ##311 2 2 1,331 $749,900 $563 0 days
117 Clarke Rd 4 3 3,358 $1,329,000 $395 0 days
1002 Mcmillan Rd N/A N/A N/A $326,000 Unknown 0 days
1061 Harlequin Rd 4 3 3,164 $1,198,000 $378 0 days
13361 Prospect Dr 5 4 3,176 $1,349,900 $425 0 days
6728 Dickinson Rd Unit ##301 2 2 1,232 $549,900 $446 0 days
6595 Groveland Dr Unit ##7 2 2 1,313 $679,000 $517 0 days
2025 Northfield Rd 2 1 1,022 $399,900 $391 1 day
2630 Labieux Rd N/A N/A N/A $1,398,800 Unknown 0 days
1401 Pilot Way 4 3 2,170 $999,900 $460 0 days
128 Ocean Walk Dr 3 3 2,044 $599,900 $293 0 days
589 Belyea Rd 3 3 2,470 $1,259,000 $509 0 days
1623 Extension Rd 4 3 2,021 $749,000 $370 1 day
5938 Stillwater Way 4 2 2,439 $1,025,000 $420 1 day
3529 Dolphin Dr Unit ##403 2 2 1,436 $1,159,000 $807 1 day
6004 Nelson Rd Unit ##110 3 3 1,357 $679,900 $501 5 days
3122 Dolphin Dr 2 1 1,096 $749,000 $683 1 day
6960 Lantzville Rd N/A N/A N/A $2,100,000 Unknown 1 day
6950 Lantzville Rd N/A N/A N/A $1,850,000 Unknown 1 day
399 Wembley Rd Unit ##205 2 2 1,162 $529,900 $456 1 day
390 Georgia Ave 2 1 871 $575,000 $660 1 day
7902 Lantzville Rd 2 1 850 $1,499,000 $1,763 1 day
5701 Malibu Terr 5 3 2,494 $948,800 $380 1 day
6347 Pinewood Lane 2 3 1,709 $710,000 $415 1 day
4025 Magnolia Dr 2 2 1,560 $595,000 $381 1 day
156 Harlech Rd N/A N/A N/A $399,000 Unknown 4 days
160 Harlech Rd N/A N/A N/A $369,000 Unknown 4 days
770 Poplar St Unit ##204 3 2 1,140 $449,900 $394 1 day
156&160 Harlech Rd N/A N/A N/A $749,000 Unknown 4 days
1600 Stroulger Rd Unit ##217 2 2 1,209 $595,000 $492 1 day
2465 Apollo Dr Unit ##188 2 1 745 $239,000 $320 1 day
1404 Pilot Way 2 2 1,728 $625,000 $361 1 day
1241 Mckinley Rd 4 3 2,086 $799,000 $383 1 day
721 Malone Rd Unit ##6 3 1 996 $283,900 $285 1 day
285 Harewood Rd Unit ##12 2 2 970 $395,000 $407 1 day
8015 Ridge Rd 4 3 1,900 $1,135,000 $597 1 day
3255 Folkestone Dr 2 3 1,954 $674,900 $345 1 day
2503 Rosstown Rd 3 2 1,352 $549,999 $406 1 day
2404 Glenayr Dr 3 3 2,123 $825,000 $388 1 day
2190 Jingle Pot Rd 7 6 2,435 $1,049,000 $430 2 days
537 Balata Bay Dr 3 3 2,208 $1,499,990 $679 2 days
679 Georgia Ave 2 2 1,829 $675,000 $369 2 days
Average: 3.3 2.6 2,016 $998,848 $501 85 days
Viewing 1 - 50 of 1681
Viewing 1 - 50 of 1681
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
594 Pym N St 3 3 1,975 $950,000 $481 21 days
145 Meridian Way 2 2 1,416 $789,500 $557 8 days
3380 Bradner Cir 3 3 2,056 $1,429,000 $695 41 days
2227 Bonnington Dr 3 2 1,974 $1,195,000 $605 14 days
1680 Gerald St 4 3 2,540 $849,000 $334 136 days
651 Eaglecrest Dr 3 2 2,024 $1,219,000 $602 123 days
Average: 3.0 2.5 1,997 $1,071,916 $545 57 days
Viewing 1 - 6 of 6
Viewing 1 - 6 of 6

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