Nanaimo Real Estate Market Update – February 2026

by Tina Gonzalez PREC* & Tim Webb PREC*

Nanaimo Real Estate Market Update – February 2026

The January numbers are in, and the Nanaimo real estate market is showing a shift as we move into 2026.

With changing inventory levels and varying performance across single-family homes, condos, and townhouses, buyers and sellers in Nanaimo are navigating a market that requires strategy and local expertise.

Here’s what happened in January 2026.

January 2026 Nanaimo Real Estate Snapshot

388 total unit sales, down 10% compared to January 2025
3,157 active listings, up 6% year-over-year

Inventory has increased slightly across Nanaimo, giving buyers more selection in areas like North Nanaimo, Departure Bay, Hammond Bay, South Nanaimo, and Lantzville.

Single-Family Homes in Nanaimo

162 single-family homes sold
Down 19% year-over-year
Down 25% from December

January typically brings seasonal slowing, but serious buyers remain active. Proper pricing and strong digital marketing are critical in today’s Nanaimo real estate market.

Nanaimo Condo Market

53 condo apartments sold
Up 15% year-over-year
Up 43% from December

Condos are gaining momentum, especially among first-time buyers and downsizers looking for affordability and low-maintenance living in central Nanaimo.

Nanaimo Townhouses

55 row/townhomes sold
Up 28% year-over-year
Up 17% from December

Townhomes continue to offer strong value for buyers seeking space without the full cost of detached homes.

What This Means for Buyers and Sellers in Nanaimo

If you're buying in Nanaimo:

Increased inventory means more options.
Negotiation opportunities are improving.
Timing and local guidance matter.

If you're selling:

Strategic pricing is essential.
Professional photography, video, and online exposure make the difference.
Well-presented homes in desirable neighbourhoods are still moving.

Whether you're considering buying, selling, relocating to Nanaimo, or investing in Vancouver Island real estate, understanding these trends helps you make confident decisions.