Steve Seriani Real Estate

Market Update | May 2024

Interesting stats this past month. Let’s dive into the single family home stats for Nanaimo.

Market highlights:
💎 Average home price in May up almost 3% from 2023
💎 233 homes listed, a 22% increase from 2023
💎 380 active listings compared to 239 last May
💎 100 homes reported sold, down over 12% from last year
💎 38 days on avg to sell a home in May, up over 22% from 2023, and up 10 days on avg from April 2024.

Market insight:
📊Currentiy a healthy market with lots of inventory for buyers, giving them ample opportunities to look at several homes.
📊 Sellers having to adjust pricing seems to be a common occurrence, but pricing sharp has proven to be effective, especially in the spring market.
📊 Sales are down, inventory is up, which makes me think that the ample inventory levels are stopping buyers from rushing and buying homes right now.
📊 There are lots of people putting in subject to sale offers right now, so if you’re looking to “trade” properties, now would be a good time.
📊 Lots of speculation around interest rates coming down this month, let’s see what happens!

If you’re looking for acreage, this 2.18 acre property is still available!

📍 3594 Jingle Pot Rd
💰 $1,198,999
🛌 5 bed 🛀 5 bath | 3300+ sqft

Located in North Jingle Pot, you get the farm land plus get the convenience of being a short drive to the city and all key amenities.

There is a 1 bed 1 bath in law suite, and also a studio style space which could be converted into a little income suite, but works well as a home business area.

The exterior of the home is being painted, the roof is newer, new flooring in the suite, and the yard being meticulously up-kept!

If you have questions with this property send me a DM, or call/text below 👇

📱 250-618-0808
📧 [email protected]

⚡️ L I S T E D ⚡️

36 Kanaka Pl, Nanaimo

💰 629,000

3 bed 2 bath | 1638 sqft

Welcome to Malaspina Heights, this bare land strata is a popular area for all different kinds of buyers!

This a nice flat lot with parking for 4 vehicles, including a single garage, and a spacious back yard for entertaining guests and perfect for your furry friends.

In the heart of Hammond Bay and close to North Nanaimo, this location is desirable for a number of reasons. Short drive to the beaches, shopping, restaurants, schools, and all other key amenities.

Single family home with a $195 monthly strata payment which covers your garbage, sewer, water, and snow removal.

Send a DM or give me a call or text below for more info👇

📞 250-618-0808
📧 [email protected]

Co-listed with

⚡️ L I S T E D ⚡️

📍 336 Wessex Lane, Nanaimo

💰 $789,900

3 bed 3 bath | 1900+ sqft

Here is a great family home close to VIU and quick access to the highway, and walking distance to buttertubs marsh and the E&N trail.

Updated kitchen, stainless steel appliances, oak hardwood flooring throughout, two living areas, spacious crawl space, newer gas furnace, and all bedrooms conveniently located upstairs.

Send me a DM for more info or reach out below 👇

📱 250-618-0808
📧 [email protected]

⚡️L I S T E D ⚡️

📍 41-512 Jim Cram Dr, Ladysmith BC
🛌 3 bed | 🛀 4 bath
📐 2000+ sqft

Looking for a spacious townhome for the family? First time home buyer? Investor? This unit has it all!

Updated kitchen with Quartz countertops, modern white cabinetry, and stainless steel appliances.

Two living areas, with walkout basement to a private patio, tons of space for the whole family.

Built in 2017, one parking stall, and reasonable strata fees.

Located a short distance from all amenities, including schools, the medical centre, and the historic downtown core!

2 bedrooms upstairs both with their own ensuites.

Send a DM if you have any questions, or reach out below👇

📱 250-618-0808
📧 [email protected]

A great way to end the week! Big congrats to my wonderful clients and friends who were patient with the process. Subject to sale situations aren’t always the easiest, but we made it happen! 🍾

Looking forward to possession day 🔑

🔥 FOR SALE 🔥

📍 2720 Labieux Rd

4 bed 3 bath | 2000sqft

If you’re looking a home with a mortgage helper and has ZERO work to be done, look no further.

1 bed in law suite with separate access, which will be vacant for the new owners.

3 bed 2 bath upstairs with updated kitchen, bathrooms, flooring, and more.

Large lot with a perfect backyard for hosting friends and family, and great for your dog 🐶

Large balcony off the front of the house with stair access to the backyard.

Plenty of space to park your RV, trailer, or boat.

DM me if you have any questions, or reach out below 👇

📱 250-618-0808
📧 [email protected]

Co listed with

⚡️ Just Listed ⚡️

📍 100 Ranchview Rd, Cinnabar Valley

💰 $995,000

3 bed 3 bath | 2400+ sqft | half acre lot

Here is a one of a kind property, nestled in the picturesque neighbourhood of Cinnabar Valley. This corner lots sprawls half an acre and has a 24x24 detached shop!

Want more info? 👇
📱 250-618-0808
📧 [email protected]

Market Stats | April 2024

Compared to last year in April, Nanaimo saw over 100 more single family home listings from 221 to 331, almost 16% increase in reported sales, and a decline of 22% days on market from 36 to 28. Average sale price is still only 1% higher than it was a year ago, currently $825,278, and my crystal ball is saying it will stay relatively the same for the foreseeable future.

Have questions? 👇
📱 250-618-0808
📧 [email protected]

⚡️ Just Listed ⚡️

📍 2720 Labieux Rd, Nanaimo

💰 $819,000

4 bed 3 bath | in-law suite | 2002 sqft

Here is a great family home with a mortgage helper, fully renovated and at a great price! Conveniently located in Divers lake and close to all amenities. If you’re looking for a place to park your boat or RV, look no further

Co-listed with

DM me for more details 👇

📱 250-618-0808
📧 [email protected]

⚡️ COMING SOON ⚡️

2720 Labieux Rd, Nanaimo

$819,000

Fully renovated, 4 bed 3 bath, incl 1 bed 1 bath in law suite

Large lot with fully fenced and private backyard, RV parking, and single garage

Centrally located and close to all major amenities

Want more information? 👇

📱 250-618-0808
📧 [email protected]

Co-listed with

Happy to report this sale as a personal purchase with my partner in crime .jones!

Lantzville has been on our radar for quite some time. Excited to start working on this project 🤩

Big congrats to my clients on this purchase! A family purchase with 3 generations occupying the whole home, and in a great family-oriented neighbourhood.

Great working with you !

It’s been a busy April so far! So happy for my clients on the sales and purchases of their homes!!

320 Wessex Lane: We listed first and negotiated a longer close so we can now go and shop for a home, which we now have an accepted offer in place!

793 Mackie & 948 St Andrews: After months of searching for their patio home/rancher, we found them the perfect home in French creek, which backs onto Morningstar golf club. We went in subject to sale, got the offer accepted, listed a couple days later, and received multiple offers on their home and made all the deadlines we needed!

BIG congrats to all my clients! If you’re looking to buy or sell feel free to reach out, the spring market is in full swing 🏌️‍♂️

📱 250-618-0808
📧 [email protected]

⚡ L I S T E D ⚡

793 Mackie Rd, Ladysmith
4 bed | 3 bath

This immaculate main level entry home sprawls almost 3000 sqft, has a spacious walkout basement, and is situated on a cul de sac which backs onto Holland Creek Trail.

⚡ RV Parking
⚡ 9107 sqft private lot
⚡ Walking distance to all levels of Schools
⚡ New driveway in 2023
⚡ Air conditioning & forced air natural gas heating
⚡ 3 bedrooms on main floor
⚡ Tons of updates including kitchen, main bathroom and ensuite
⚡Updated hardwood flooring on main, and new vinyl downstairs.
⚡ Heated tile in the main bathroom and ensuite, including a heated towel rack
⚡️ Sunroom off the primary bedroom

Offered at $915,000

co-listed with

More information?
[email protected]
(250)-618-0808

Check out Armando Conejos Personal Real Estate Corporation and I’s new listing in North Nanaimo! Rancher with a bonus room, and on a corner lot!

Thank you to these two first time home buyers!! 🙏 🙏 🙏

See you tomorrow 12-2!

OPEN HOUSE | 133-6057 Doumont Rd, Nanaimo

⏰ Sunday March 3rd, 2-4pm

Come by this Sunday and see this amazing, bright, and spacious townhome!

💥 2 bed and 3 baths
💥 Quartz countertops throughout
💥 Each bedroom has its own ensuite
💥 Built in 2017
💥 Close to all Amenities
💥 Affordable Strata fees of $332 per month
💥 Attached garage with additional parking in the complex and street
💥 One of the largest balconies in the complex

OPEN HOUSE | 142 Royal Pacific Way, Nanaimo

⏰ Saturday March 2nd | 12-2pm

Lots to love with this new listing! Come see me this Saturday and see for yourself 👋

💥 5 beds & 4 baths
💥 over 3500sf
💥 Built in 2019 by Westpoint Construction
💥 North Nanaimo location
💥 Amazing ocean views
💥 Granite & Quartz countertops
💥 1 bedroom suite

Listed by

Great News in the BC housing market referring to Property Transfer Tax!

First time home buyers will get a full property transfer tax exemption up to $835k from $500k. For all buyers, the new construction property transfer tax exemption has changed from $750k to $1.1 million.

Any questions please feel free to DM 📱

JUST LISTED 💥 133-6057 Doumont Rd, Nanaimo

2 bed 3 bath | 1320 sf townhome

$559,900

🔥 Built in 2017
🔥 Strata fees of $332 per month
🔥 Close to All Amenities
🔥 Attached Garage
🔥 Modern white Kitchen w/ SS appliances
🔥 Quartz Countertops throughout
🔥 Each bedroom features its own Ensuite
🔥 Electric Fireplace with Cozy Living Room
🔥 Tons of natural light
🔥 2 cats or 2 dogs permitted (each under 10kg) or 1 cat/dog (under 20kg)

Send me a DM, call, or email, with any questions.

(250) 618-0808
[email protected]

Just Listed 🌳 35-25 Maki Rd, Nanaimo

Offered at $225,000
2 bed 1 bath | 784 sf

Lots to love about this unit in Seabreeze Park located in the South Nanaimo/Cedar area. One of the most affordable homes on the market right now.

⚡ Private setting on the estuary
⚡Close to all amenities
⚡Reasonable pad fee of $529/month
⚡Easy access in and out of the park
⚡New roof from 2020
⚡Skirting replaced recently, and proper tie downs installed
⚡New Laminate flooring throughout

If you have further questions please feel free to DM, phone, or email.

(250) 618-0808
[email protected]

Sold ⚡️ 2237 Sun Valley Dr, Nanaimo

My clients are heading to one of the best family neighbourhoods in the city! Congrats to my clients on the purchase of this home, it’s a perfect fit 😁

List price: $799,900
Sale price $795,000

⭐️ ⭐️ ⭐️ ⭐️ ⭐️

Thank you Trevor & Tammy for the nice review! Being born and raised in a city and helping clients from other provinces find a home that fits their needs is a great pleasure.

Big congrats to my clients Trevor & Tammy on their investment condo in downtown Nanaimo!

This building has it all, it’s secure, has underground parking, a gym, and is close to some of the best shops and restaurants in the city.

List price $369,900
Sale price $350,000

If you’re on the fence about whether or not to invest your money into real estate, reach out and we can discuss your options!

January 2024 Market Update 🏡

As expected, the January market was slow. Inventory levels were low with only 107 single family homes listed in the month, and down almost 5% from January 2023.

There were 40 single family homes that reportedly sold in January, down almost 10% from last year, and 5 sales less than the previous month.

As we head into the spring market later this month, we should see inventory levels climb and number of sales increase. If you are on the fence with purchasing or listing feel free to reach out and we can discuss a game plan tailored for you and your current situation!

📞 250-618-0808
📧 [email protected]

DM anytime!

JUST LISTED | 367 Applewood Cres, Nanaimo

⚡️ $799,900

💥 2 BED LEGAL SUITE
💥 Over 2200sf
💥 5 bed 3 bath
💥 Double garage
💥 fully fenced backyard
💥 family-oriented neighbourhood
💥 2010 build
💥 Electric heat pump & AC

Send a DM for more info! Copy or click the link below for more photos and floor plan

https://www.realtor.ca/real-estate/26469457/367-applewood-cres-nanaimo-south-nanaimo?utm_source=listinglive&utm_medium=email&utm_campaign=emaillistinglive&utm_content=viewlisting

SOLD | 922 Cadogan St, Nanaimo

Sale price $580,000

💥 3 bed 1 bath
💥 1061 sf
💥 detached shop
💥 spacious backyard with outdoor patio and fire pit

What a great buy for my clients! We made sure we put our best offer on the table to compete in multiples with 3 other parties. They are first time home buyers and they cannot wait to move in. This rancher has so much to offer and it’s right in the heart of the city, close to all amenities.

Big congrats to W and M on this purchase. See you soon! 🔑

OPEN HOUSE | 6231 Mcgirr Rd, Nanaimo

12-2pm | Sunday, January 14th

A beautiful north end rancher with 3 beds, 2 baths, and over 1500sf. This home is situated on a generously sized corner lot in one of the best neighbourhoods in town, and is walking distance to both primary and secondary schooling.

Come say hi to myself and this coming Sunday!