Harewood, Nanaimo - June 2026 Real Estate Report

Harewood, Nanaimo: What Your Neighbour Hasn't Told You Yet

If you own a home in Harewood and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment number and what buyers are actually paying are telling two different stories - and the gap matters for your wallet.

The Vibe: What's Happening on Our Streets Right Now

Houses in Harewood

The house market here is steady, not exciting. We're sitting in a stable buyers' market, which means sellers need to be sharp on price. Here's the quick snapshot:

• Average sale price: $714,770
• Current listings averaging: $628,125
• Price per square foot: $560
• Homes selling at 98.78% of list price - buyers are getting a small discount
• Average days on market: 22 days
• Predicted market value: $654,200
• Rental yield: 5.35% - that's a strong return if you're thinking landlord
• Estimated monthly rent: $3,056

Those 22 days on market are worth paying attention to. Westwood, just up the road, is moving homes in 17 days. That gap tells us Harewood houses need the right price to get buyers off the fence. On the neighbourhood leaderboard, our growth rate ranks 13 out of 19 in Nanaimo - solidly in the middle of the pack, not leading the charge.

Condos in Harewood

The condo picture is a bit more complicated. Sales volume is low - only 2 sold recently - and properties are sitting for an average of 46 days. The average sale price is $309,750, which is actually below what Westwood condos are fetching ($365,000). Here's the snapshot:

• Average sale price: $309,750
• Current listings averaging: $313,250
• Price per square foot: $427
• Properties selling at 99.53% of list price
• Average days on market: 46 days
• Predicted market value: $722,986
• Rental yield: 3.66% - moderate, but still positive cash flow territory
• Estimated monthly rent: $2,955

On the condo leaderboard, Harewood ranks 11 out of 13 on price - meaning we're among the most affordable condo options in Nanaimo. For buyers, that's actually a selling point. For condo owners thinking about listing, pricing strategy is everything right now.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's where it gets real. The city's average assessed value for a Harewood house is $666,377. The HonestDoor Price says $651,203. That's a $15,174 gap - and the assessment is the higher number. If you're pricing a sale based on what BC Assessment told you last January, you could be starting the conversation in the wrong place.

For condos, the story flips dramatically. The average assessed value is $432,650, but the HonestDoor Price is $760,836 - up 5.24% from the previous period and 75.85% higher than the assessed value. Government assessments are a snapshot from months ago. The HonestDoor Price is a live, real-world check on what the market is actually doing today. For condo owners especially, that difference is not a rounding error.

With 2,599 house properties and 304 condo properties assessed in Harewood this year, there's a solid data foundation behind these numbers. This isn't a guess - it's the market talking.

The 'So What?': Thinking About Selling This Summer?

Here's the honest take for Harewood homeowners eyeing a summer sale.

For house sellers - the market isn't broken, but it's not on fire either. Buyers are paying close to list price, which means you have room to price confidently, but not aggressively. With homes taking 22 days to sell and neighbourhood growth at 0.01% year over year, this is a market that rewards realistic pricing over wishful thinking. The good news: Harewood ranked 3rd in Nanaimo for total transactions, so buyers are coming here. You just need to give them a reason to stop.

For condo sellers - the 46-day average is a signal to take seriously. Buyers have options and they know it. But here's the flip side: if your HonestDoor Price is sitting near that $722,986 predicted value while your assessed value shows $432,650, you may be sitting on more equity than you think. Get the current number before you decide anything.

Bottom line for both: check your HonestDoor Price before you call an agent, set a list price, or assume your assessment tells the whole story. In this market, the difference between the right price and the wrong one is the difference between a sold sign in 22 days and a listing that goes stale.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.