Nanaimo Luxury Real Estate

Listings last updated 10/14/2019

Luxury Homes and Condos for Sale in Nanaimo

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Nanaimo, BC luxury real estate overview

Point2 Homes gives you far more than a simple list of luxury homes for sale. Get instant access to a lot of relevant information about Nanaimo, BC luxury real estate, including property descriptions, virtual tours, maps and photos. The search results pages also have a wealth of information on Nanaimo, BC, right below the listings. You can use Nanaimo, BC luxury real estate prices, square footage, amenities and many other criteria among the deep filter functions on Point2 Homes to help narrow down your search. Price drops are another feature at your disposal, useful in finding luxury homes and mansions for sale which have had their asking prices reduced in the past six months.

There are 127 homes & mansions for sale in Nanaimo, BC

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Nicknamed “Harbour City,” Nanaimo is British Columbia’s sixth largest city located on the east coast of Vancouver Island. With a population of 90,504, Nanaimo is one of the province’s fastest-growing communities and offers both urban amenities and wonderful outdoor recreation. It’s one of the gateways to both Vancouver Island and many of the other islands in the area, has great ferry and flight links to Vancouver and Calgary, and it’s one of the Island’s most desirable places to live. The climate in Nanaimo is much like the rest of BC, with mild, rainy winters and dry, warm summers. The mountains of Vancouver Island generally shield Nanaimo from extreme weather, but snow does fall occasionally in winter.

Nanaimo is located around 110km north-west of Victoria and links directly to Vancouver by ferry. The city stretches along the coastline, with ocean to the east, and the iconic Mount Benson to the west. Nanaimo’s culture and First Nations heritage is prominent and the city was once inhabited for thousands of years by First Nations communities. Forestry is still a very important industry in Nanaimo and injects millions of dollars into the economy, and tourism, retail, services and technology also create many employment opportunities.

Nanaimo boasts a number of excellent recreational activities, from scuba diving to shopping, wildlife watching to mountain biking, climbing to golfing – there’s something for everyone. Nanaimo offers the best of city, coastal, and rural living, and there are a number of arts and culture facilities and festivals that go on each year. 86.4% of the population in Nanaimo are of European descent, while 6.3% are of Aboriginal heritage.

Popular areas in Nanaimo include: Quarterway-Hawthorne, Rosstown-Road-Northfield, South Nanaimo, Stephenson Point, Uplands, Wellington, and Westwood Lake.

Nanaimo, BC

Nanaimo, BC
real estate market overview

Real Estate Market Overview

Nanaimo has a thriving real estate market, led largely by Vancouver’s booming property market. In 2017, the benchmark price for a single-family home was $410,400, up 17% from the previous year. Prices in Nanaimo and the surrounding areas such as Parksville and Port Alberni rose too, which is due to the general increase in prices in the province, as well as higher demand for properties as people move out of Vancouver and opt for more affordable property on the Island. It’s currently a fairly competitive market in favour of sellers, as houses are selling almost immediately after being placed on the market.

Nanaimo is an attractive place for first-time buyers, move-ups and investors, as the real estate market is strong and stable and the city offers a great quality of life with some of the most beautiful scenery in the province. Single-family homes are still the most popular type of property, though more condo and townhouse development is anticipated as more young professionals and young families move into the area. Despite rising prices, Nanaimo is still incredibly affordable in comparison to Victoria, Vancouver, and other major cities in the province, and the city is set to grow in the next few years. In terms of rentals, Nanaimo has a very low vacancy rate due to the lack of vacancy units and high demand.

real estate market overview

Luxury Real Estate Market Overview

Nanaimo has a healthy luxury real estate market, and features many stunning properties with wonderful sweeping views of the ocean and mountains. Luxury properties in Nanaimo generally range from $1million to $3million, but some of its most prestigious properties have been valued in the region of $6million. Nanaimo is an incredibly appealing place to buy luxury property, and the city’s amazing recreational amenities, ocean-access and transport links make it a first-class destination in which to invest. Both local and foreign buyers are driving the high-end market, and many people are cashing in on Vancouver’s hot market and opting for more affordable, more spacious, but equally luxurious property in Nanaimo.

The Benson Meadows area is one of the most upmarket areas in the city and boasts spectacular views of Mt. Benson and the surrounding area. Stephenson Point Road is another high-end area and features a number of oceanfront properties with private beach access. North Nanaimo’s waterfront properties are stunning, the Cedar area has a selection of million-dollar mansions, and Departure Bay is known to be one of Nanaimo’s most upmarket areas.

luxury real estate market overview

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