The last 60 days in Nanaimo tell a clear story:

Gillette & Associates Market Trends Jan 2 – Mar 2, 2026 Nanaimo Market Report — Single Family (60-Day Snapshot) A data-driven look at Nanaimo single-family homes using our 60-day window, plus BC and Canada context to explain the “why behind the numbers.” 1) Nanaimo — Single Family Homes Nanaimo is moving — but selectively. The market is absorbing well-positioned homes, while aspirational pricing is showing up as longer days on market and price reductions. Active 295 Current SFD inventory Pending (60 days) 76 Forward demand signal Sold (60 days) 39 Closed sales (lagging) MOI (Absorption) ~5.1 MOI = 2 × Active ÷ (Pending + Sold) Where the market is tight $600k–$800k is the most competitive lane — strongest absorption and quickest decision-making when the home is priced right. Where the market is slower Above $1M (especially $1.5M+ ) inventory stacks faster — buyers compare harder and negotiate more. Floorplans drawing offers Split Entry (fast absorption) Ground Level Entry (Main Up) (strong demand) Ranchers (consistent buyer pull) Main Level + Lower Level (higher volume; slightly longer pace) Negotiation reality Price drops are common before a listing finds its buyer (often a 3–5% correction). Absorbed homes are aligning closer to assessment than many current actives. Assessment vs list vs absorbed pricing Metric (median) What it shows Original List ÷ Assessment (sold set): ~1.044× Sold homes were typically listed ~4.4% above assessment. Sold ÷ Assessment: ~1.003× Sales clustered near assessment (in this slice). Active List ÷ Assessment: ~1.099× Actives sit ~10% above assessment — where friction builds. Gillette & Associates view: absorbed homes are aligning closer to assessment, while many actives are still priced above that lane. That gap typically resolves through time or modest reductions. Charts: Nanaimo Single Family (60-day window) We’ve included only the charts you want shown in this post. Graph 1: MOI by price band (absorption method). Graph 2: Active…