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Nanaimo

Why you'd want to live in Nanaimo

Nanaimo is officially known as Harbour City for good reason. Stretched like a long, lean finger along the east coast of south-central Vancouver Island, British Columbia's sixth-largest city gets its identity, history and a wealth of recreation from a lovely, island-sheltered harbour right in the heart of town. Hiking, boating, kayaking, biking and world-class scuba diving and snorkeling are everyday activities at the bustling waterfront, as seaplanes take flight from sparkling blue waters. Today, Nanaimo (population 84,228) is a fast-growing urban centre that is no longer merely the premier gateway to Vancouver Island. A boldly revitalized downtown core, delightful harbourfront walkway, sparkling new museum, affordable art galleries, and a wealth of cool shopping and dining alternatives are good reasons to park the car, find accommodations and stay awhile.

Nanaimo Market Report

$872,621

AVERAGE PRICE OF 256 HOMES

$1,878,275

AVERAGE PRICE OF 63 MULTI-MILLION DOLLAR HOMES

$770,540

AVERAGE PRICE OF 37 NEWLY BUILT HOMES

$1,299,560

AVERAGE PRICE OF 5 HOMES WITH A POOL

$630,300

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $872,621
Avg Bedrooms 2.04 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom $355,130
2 bedrooms $535,075
3 bedrooms $691,286
4 bedrooms $990,100
5 bedrooms $1,025,305
Nanaimo Home Price Trends
  2/2021 1/2021 12/2020 11/2020 10/2020
Total Listings 304 357 425 495 619
Average Price $835,809 $784,172 $744,485 $685,190 $690,525
Avg Price Change +6.58% +5.33% +8.65% -0.78% +4.76%
Median Price $635,483 $615,720 $573,801 $535,821 $553,286
Med Price Change +3.21% +7.31% +7.09% -3.26% +1.94%
Avg Bedrooms 2.1 beds 2.14 beds 2.15 beds 2.26 beds 2.54 beds
Avg Bathrooms 1.66 baths 1.74 baths 1.77 baths 1.88 baths 2.04 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 256 $872,621 62 days
Multi-Million Dollar Homes 63 $1,878,275 85 days
Newly Built Homes 37 $770,540 90 days
Homes with a Pool 5 $1,299,560 46 days
Reduced Price Homes 6 $630,300 88 days
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