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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

$894,681

AVERAGE PRICE OF 741 HOMES

$1,640,411

AVERAGE PRICE OF 198 MULTI-MILLION DOLLAR HOMES

$957,939

AVERAGE PRICE OF 94 NEWLY BUILT HOMES

$1,000,792

AVERAGE PRICE OF 12 HOMES WITH A POOL

$909,959

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $894,681
Avg Bedrooms 2.72 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $403,669
2 bedrooms $562,630
3 bedrooms $807,625
4 bedrooms $1,038,869
5 bedrooms $1,230,012
Nanaimo Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 637 562 501 591 659
Average Price $920,992 $929,740 $951,295 $958,946 $961,723
Avg Price Change -0.95% -2.32% -0.80% -0.29% -0.98%
Median Price $742,356 $728,248 $733,083 $749,052 $750,287
Med Price Change +1.94% -0.66% -2.18% -0.16% -0.62%
Avg Bedrooms 2.66 beds 2.55 beds 2.48 beds 2.51 beds 2.6 beds
Avg Bathrooms 2.07 baths 1.99 baths 1.93 baths 1.93 baths 1.97 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 741 $894,681 56 days
Multi-Million Dollar Homes 198 $1,640,411 71 days
Newly Built Homes 94 $957,939 68 days
Homes with a Pool 12 $1,000,792 38 days
Reduced Price Homes 27 $909,959 43 days
Ohs Marketing Team
Rob Ohs
679 Memorial Avenue
Qualicum Beach, BC V9K 1TA
250-752-7653

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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