Average Single-Family Home Sale Price

• $1M
  $800K
  $600K
  $400K
  $200K
  $0
• $550K
  2016
• $625K
  2017
• $645K
  2018
• $777K
  2019
• $739K
  2020

Average 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.

Hammond Bay's average 2020 selling price of $739,900 has seen a 5% drop compared to the average price in 2019. In 2019, the selling price was at $777,000, but is this due to lower demand? This price discrepancy reflects the more affordable homes built recently in the community, bringing down the total average selling price. These more reasonably priced options are a welcome opportunity as Nanaimo's average house price is more than $650,000 in 2020.

Hammond Bay Stats (2020):

Homes for sale in Hammond Bay have been selling very quickly in 2020. It's not uncommon for someone to wait 60-90 days for a home to sell, which is exceptional. In 2020 the average number of days-on-market (DOM) to sell a home in Hammond Bay was 32. That means homes are selling 45% faster than compared to 2019. People planning to buy a home in Hammond Bay should consider this as it could affect your ability to purchase a property.

One Benefit to buyers looking for a home in Hammond Bay in 2020 was an increase to 34 active listings, an increase of 18% compared to 2019. The supply of homes has been low in most Nanaimo neighbourhoods, so the additional homes are a welcome surprise. Many of these homes we're New Construction Homes in new developments along Hammond Bay Road. These new homes are more affordable than the typical home in this community, allowing homebuyers to purchase in a fantastic neighbourhood.

Homes in the Hammond Bay area have been purchase near or over the asking price for quite some time. In 2020, a homebuyer could expect to pay 98.8% of the seller's asking price when making an offer on a home. That's a 1.4% increase in the list to sale price ratio when compared to 2019. This statistic shows that we're in a seller's market in Nanaimo, especially regarding a high demand neighbourhood like Hammond Bay. Multiple offers should be expected when buying a home in 2021.

WHY HAMMOND BAY

Hammond Bay is one of those rare communities that follows stunning rocky coastlines that are so peaceful and beautiful. The nature surrounding this community is in constant change between the season, like the tides' ebb and flow. The fauna found in both the sea and the sky will enthral all wildlife lovers and serve as good company as you explore the many coves and islands along the bay.

HIGHLIGHTS

The community of Hammond Bay primarily consists of residential areas, schools, and parks. There are no major roads in this area, so everything happens at a snail's pace, especially driving. One place you must visit is Pipper's Pub, which is right off Hammond Bay Road. This pub has excellent food, locally brewed craft beer, and events that appeal to all ages. There is also a small liquor store next door. 

PARKS

The parks found around Hammond Bay are some of the most spectacular places to watch sunrises on Vancouver Island. Pipers Lagoon Park, Neck Point Park, and Shack Island are the most popular and well-maintained and managed by the City of Nanaimo. Morningside Park is a phenomenal beach that is great for swimming, and it right by Hammond Bay Elementary. 

SCHOOL

Frank J. Ney is one of the most popular elementary schools in Nanaimo and is next to some of the most affluent developments in Hammond Bay. This school has impressive facilities and lush outdoor play areas, Harry Whippet Park. If you're looking for French Emersion, Hammond Bay Ecole School is perfect for children learning to become bilingual before entering secondary school.