03/02/2026
After a slow January, February was a bounce-back month to start the 2026 real estate year. February 2026 outperformed not only January 2026 but also Feb 2025 across all major metrics. There were 70 single family homes sold, prices increased by 2.7%, and there are currently 5% more homes for sale than a year ago. This is somewhat expected after an incredibly slow January. Mild weather typically helps kickstart the busy market that Spring brings and this was no exception.
Price Ranges:
We are seeing the bulk of this sales activity in the lower and mid-range price points, with only 4 of 111 sales exceeding $1.25M, and one of those sales exceeding $1.75M. This becomes even more interesting when you factor in sales over $1.25M representing under 4% of total sales but over 25% of the current active listings. In addition there are 38 single family homes currently for sale in Nanaimo over $1.75M, with only one sale recorded this year.
Days to Sell:
Knowing how long you should expect it to take to sell is critical this time of year due to the expected flood of new listings. Over the past 24 months this number has remained nearly identical with the average single family home in Nanaimo taking 6 weeks to sell. While this is simply an average of all sales, it can help sellers map out a timeline for an upcoming move.
Hopefully everyone is ready for the clocks to jump forward this weekend.
