Santa helps review Nanaimo November 2025 Market Report!

Nanaimo Real Estate Market Report – November 2025: Assessment vs. Reality & the Floorplans Buyers Want Market Intelligence As part of this Nanaimo market report for November 2025, we’re seeing a clear pattern in the single-family segment: buyers are active, but disciplined. They’re prioritizing prac

Nanaimo Real Estate Market Report – November 2025: Assessment vs. Reality & the Floorplans Buyers Want Market Intelligence As part of this Nanaimo market report for November 2025, we’re seeing a clear pattern in the single-family segment: buyers are active, but disciplined. They’re prioritizing practical 3–4 bedroom layouts and watching the spread between assessed value and list price closely. This Nanaimo market report outlines what the latest data shows, how the city compares to the broader VIREB region, and which neighbourhoods and price bands are driving today’s activity. 1. Nanaimo Single-Family Snapshot – November 2025 In this Nanaimo market report for November 2025, the single-family segment shows steady and disciplined activity. Based on the latest VIREB Graphstats report, November recorded 95 new single-family detached listings in Nanaimo and 73 completed sales —roughly a 7% increase year-over-year . The sell-to-list ratio sat around 77% , meaning roughly three out of four new listings that hit the market successfully sold. Prices remained stable: Average sale price: ~$873,000 (+1.7% YoY) Median sale price: ~$810,000 (flat YoY) 12-month rolling average: ~$852,000 (moderately higher YoY) Days on market: 55 days (up from 50) Takeaway: Pricing accuracy is key. The market is steady, not correcting, and well-priced homes continue to sell. 2. How Nanaimo Compares to the VIREB Region Listings: 335 board-wide (+7.7% YoY) Sales: 259 (-1.2% YoY) Average price: ~$843,000 (+6.9% YoY) Median price: ~$785,000 Days on market: ~52 (slightly improved YoY) Nanaimo is outperforming the region in sales momentum while maintaining balanced, sustainable price growth—ideal conditions for sellers. 3. Assessment vs List vs Sold – Where the Market Is Clearing Active Listings Avg assessed value: ~$922K Avg list price: ~$1.13M Premium: ~30% above assessment Pending Sales Avg assessed value: ~$870K Avg list price: ~$925K Premium: ~10% above assessment Recent Closed Sales (Last 30 Da…