The mid-Island real estate market has kicked off 2025 with notable momentum, particularly in the Nanaimo region. Our latest market analysis shows encouraging sales volume and price stability trends across key areas.
Nanaimo Market Highlights
The Nanaimo region demonstrated remarkable strength in January, with 53 single-family homes sold – a significant 32.5% increase from the 40 units sold in January 2024. The average sale price reached $848,432, showing a healthy 5.16% appreciation from last year’s $806,785. This upward trend reflects the sustained demand for Nanaimo properties and the area’s continuing appeal to buyers.
Parksville-Qualicum Activity
The Parksville-Qualicum area maintained steady activity with 30 single-family homes changing hands in January 2025, up from 28 units in January 2024. While the average sale price saw an adjustment to $876,398 from last year’s $927,232, this represents a natural market balancing rather than a concerning trend. The area continues to command some of the highest average prices in the mid-Island region, reflecting its enduring desirability among buyers.
Market Insights
- Days to sell are holding steady at 65 days, indicating a balanced market
- Inventory levels have improved from 2024, offering more choices for buyers
- The benchmark price continues to show stability with modest growth
- Buyer activity has increased significantly compared to last year
What This Means For You
This waterfront scene captures the essence of Vancouver Island’s coastal community from Transfer Beach in Ladysmith. In the foreground, weathered driftwood logs rest on the rocky shoreline, creating a natural frame for the view. The calm waters of the Ladysmith Harbour stretch out to where a large cargo vessel can be seen anchored in the distance.
Whether you’re looking to buy or sell, the current market presents opportunities. For sellers, increased sales activity suggests good buyer engagement. For buyers, while prices have appreciated, they remain stable with more inventory to choose from.
Looking to make a move in 2025? Contact The Shanon Kelley Realty Group for expert guidance in navigating these market conditions. Our team’s deep understanding of the mid-Island market can help you make informed real estate decisions.
Meet The Shanon Kelley Realty Group: Shanon Kelley (center) – Founder and Personal Real Estate Corporation, flanked by Jamie Kennedy (left) and Justin Steele (right) – Vancouver Island Realtors. Together, they bring professional expertise to serve Vancouver Island’s real estate needs.
Note: Market statistics sourced from Vancouver Island Real Estate Board (VIREB) January 2025 report.
