New Listing
2845 Cosgrove Cres, Nanaimo
$869,900 - 5 Beds, 3 Baths, 2,870 Sf
MLS® # 872727
460 Realty Inc.
Departure Bay
OCEANFRONT • LUXURY • FAMILIES • RETIREES • 55+
About Departure Bay
Departure Bay offers homebuyers the best views of Departure Bay with ease of access to downtown, where you can watch the ferries, seaplanes, and sailboats voyage into the rising sun. Departure Bay homes are walking distance from downtown Nanaimo and offer various homes and condos from which to choose. This is one of the best-established communities in Nanaimo, with its roots extending back to Nanaimo's foundation in the 1800s. If you're looking for a home or condo in Nanaimo with direct access to all the downtown amenities, Departure Bay may be the best choice for your new home.
Real Estate Statistics
Total Listings
26
Average Price
$933,796
Highest Price
$3,250,000
Lowest Price
$409,900
SEARCH HOMES FOR SALE IN DEPARTURE BAY, NANAIMO
26 Properties Found. Page 1 of 3.
RE/MAX Of Nanaimo
RE/MAX Of Nanaimo
Sutton Group-West Coast Realty (Nan)
Royal LePage Parksville-Qualicum Beach Realty (PBO)
Sutton Group-West Coast Realty (Nan)
Average Single-Family Home Sale Price
*Prices Exclude Waterfront PropertiesAverage detached home sale price compared to the previous four years of sales data. Please note this data is only a comparison of the data collected to data in the current calendar year.
The average sale price for a home in Departure Bay in 2020 was $615,000 and increased by nearly 12% from 2019. This community is older and has many large lots that are highly desirable to home buyers. Real estate prices have been on a steady climb for the last five years in this area of Nanaimo, and that trend is expected to continue into 2021.
Departure Bay Stats (2020):
| Amount | % Change from 2019 | |
|---|---|---|
| Days on Market | 17 | Neutral |
| Active Listings | 22 | -37% Decrease |
| List/sale price | 100.4% | +2.1% Increase |
Real estate is selling quickly in this community. In 2020, a home took only 17 days to sell on average (ADOM). That's about the same to sell a home as in 2019 when it took about 16 days. The demand for homes in communities with great beaches, parks and schools will always be high among home buyers. These are some of the primary attributes of Departure Bay that make it so desirable.
One of the driving factors of the ADOM is the lack of available homes to purchase. In 2020 there were only 22 active listings per month on sale, a 37% decrease from 2019. With fewer homes on the market in Departure Bay, prices will continue to rise in 2021 until more homes come on the market. New developments in Barrington Heights will include condos, townhomes, and single-family dwellings will be completed in early 2021 and 2022.
Buying a home in Departure Bay in 2020 was competitive, which is reflected in the increasing price and short time real estate remains on the market. These trends are further reinforced by the increased percentage achieved of asking price by sellers. In 2019, the seller could expect to receive 98.3% of the list price of their property. In 2020 that figure increased 2.1% to 100.4%. That means that sellers of homes in Departure Bay are getting more money than they'd initially asked.
Looking at buying a home in Departure Bay?
CALL: 250.618.5158 today if you have any questions about houses, condos, or land for sale in Departure Bay. We are local experts that pride ourselves on informing people of all the benefits living in Nanaimo has to offer.
WHY DEPARTURE BAY
Departure Bay is one of the more affordable oceanfront communities in Nanaimo. But it also borders the Nanaimo Golf Club, which has beautiful facilities, clubhouse, and restaurant. This area is beneficial for first time home buyers, retirees, and families looking for a safe community in a stunning sandy bay.
HIGHLIGHTS
Drip Coffee has a modern cafe overlooking departure bay beach and makes delicious coffee. Sit a read a book, or get a coffee to go and visit Sugar Loaf Mountian. This popular destination is one of the top highlights found just off Marion Way. A short five-minute walk takes you to a fantastic viewpoint that will inspire.
PARKS
Kinsmen Park is a popular recreation area that hosts multiple outdoor events every year. People enjoy waking sandy beaches while eating fantastic food from local food trucks. These beaches are also popular with anglers that like to cast off-shore while the tides are low and the deep waters are more accessible.
SCHOOL
Found just off Departure Bay Road, Departure Bay Elementary is very popular with parents due to its excellent facilities and spacious playgrounds overlooking the ocean. This school is easily accessible for children who choose to walk or bike to school from the safe communities surrounding this school.
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VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.
