06/05/2026
🌊 Mid Island May 2026 Market Update
🏡 Nanaimo Single‑Family: Steady and balanced. Avg sale price $900K, homes selling in 36 days, and 99% of list price. 📉 Sales softened slightly, but pricing power stayed strong. Great moment for strategic sellers and picky buyers.
🏢 Nanaimo Condos & Townhomes: Avg sale price $498K, with 5.77 months of inventory. ⏳ Days on market up to 45, but sales up 11%. Buyers get choice. Sellers still get results.
🌲 Nanaimo Land: Ultra‑quiet. Zero sales, 132 listings, and 41 months of inventory. Buyer leverage is high. Sellers need patience.
🌴 Parksville / Qualicum Single‑Family: Still one of the Island’s strongest lifestyle markets. Avg sale price $1.105M, selling in 37 days, at 98% of list. Consistent demand. Predictable absorption.
🏘️ PQB Condos & Townhomes: A standout performer. Avg sale price $624K, DOM down to 40, and sales up 38%. 🔥 Strong buyer engagement.
🌾 PQB Land: Avg sale price $564K, 21 months of inventory, and 7 sales. Slow but improving. Motivated sellers are getting deals done.
🌄 Cowichan Single‑Family: Avg sale price $890K, 6.41 months of inventory, and 51 DOM. Leaning slightly buyer‑friendly, but demand remains steady.
🏙️ Cowichan Condos & Townhomes: Avg sale price $535K, sales up 55%. More inventory, longer DOM, but strong buyer interest.
🌱 Cowichan Land: Avg sale price $308K, 22 months of inventory, and 51 DOM. Niche but stable.
🌐 Island‑Wide Takeaway Balanced. Steady. Healthy. Condos/townhomes are the most active segment. Single‑family remains stable. Land is slow but selective buyers are finding opportunities. Buyers get more choice. Sellers who price smart still win.
