Nanaimo Real Estate — September 2025 “First Out” Market Recap

FAQs Are Nanaimo home prices falling? Not meaningfully. Flat on a 90-day view; August’s $/sqft is softer than early summer. Which areas have the most selection? North Nanaimo, Departure Bay, South Nanaimo, University District, Central Nanaimo. What floorplan sells best? Ranchers—both volume and $/sq

Welcome to the Nanaimo real estate market update September 2025 — our first-out look at how sales, pricing, and buyer activity shaped the month. By Derek Gillette | Helping you understand the why behind the numbers Nanaimo Real Estate Market Snapshot In One Minute September Medians: $823,000 sale price • $410/sqft • List-to-Sell (SP/LP): 97.4% • DOM: 28 Value check: Sale-to-Assessment ≈ 103% (most homes sold right around assessed, a touch softer than the 90-day median). Translation: Buyers are selective. However, well-priced homes are getting close to ask and moving in about four weeks. Where the Action Landed: Neighbourhood Sales (September only) North Nanaimo — 25 sales | Median $875k | $416/sqft | SP/LP 97.8% | DOM 24 https://derekgillette.com/nanaimo-neighbourhoods/north-nanaimo/ Steady showings, predictable pricing band. In other words, if you’re prepped and priced right, you’ll see traffic quickly. Neighbourhoods University District — 12 sales | Median $705k | $406/sqft | SP/LP 98.0% | DOM 27 Consistent demand from value-driven buyers. As a result, tight comps reward good presentation. Departure Bay — 8 sales | Median $763k | SP/LP 99.1% | DOM 29 Near-ask results when homes show well. Therefore, sellers who invested in prep were rewarded. South Nanaimo — 9 sales | Median $640k | SP/LP 95.0% | DOM 52 More negotiation and longer timelines. In contrast, accurate pricing is essential here to avoid long market times. Cedar — 8 sales | Median $867k | SP/LP 93.8% | DOM 51 Buyers are testing pricing here. Consequently, expect longer run-up times before offers land. Lower Lantzville — 6 sales | Median $1.11M | $634/sqft | SP/LP 99.6% | DOM 19 Premium pocket: low DOM, strong $/sqft, and near-ask results. Clearly, buyers see this is a micro-market with added value. Plain-English read : North Nanaimo and University District carried September volume. Meanwhile, Departure Bay priced tightly; South Nanaimo and Cedar needed more time and negotiation. By comparison, Lower Lant…