Harewood, Nanaimo - September 2026 Real Estate Report

Harewood, Nanaimo: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Harewood and you've been glancing at your city assessment thinking "not bad," hold on. The real-world numbers are telling a slightly different story - and knowing the difference could matter a lot if you're thinking about making a move this summer.

The Vibe: What's Actually Happening in Our Neighbourhood

Harewood is one of the busiest neighbourhoods in Nanaimo for transactions - we rank 2nd out of all Nanaimo neighbourhoods for total property sales in 2026. That's not nothing. But busy doesn't always mean prices are climbing. Here's how houses and condos are each playing out right now.

Houses: Fast Sales, Softer Prices

If you've been watching the "For Sale" signs on our streets, here's what's actually happening. Houses are selling quickly - we rank 1st in Nanaimo for days on market, with homes moving in an average of just 10 days. That's genuinely fast. The catch? Buyers are getting deals.

• Average sale price: $601,500 - down 1.3% from last month
• Average list price this month: $614,450
• Price per square foot: $471
• Homes are selling at 97.94% of list price - buyers are paying below ask
• HonestDoor Price: $636,121 - down 1.71% from the previous period
• Predicted market value: $650,669
• Estimated rent: $3,042 per month
• Rental yield: 5.35% - that's a strong return
• Growth rank: 10 out of 19 Nanaimo neighbourhoods - right in the middle of the pack
• Price rank: 17 out of 19 - we're among the most affordable in the city

The market for houses is taking a breather. Prices are dipping, and buyers know it. The 3-month moving average for predicted value sits at $651,475 and it's trending down. Sellers who price sharp are still moving product fast - but the days of listing high and waiting are behind us for now.

Condos: Affordable Entry Point, But Watch the Trend

The condo side of Harewood is a different animal. Sales volume is thin - just 1 condo sold this month - so every number here comes with a grain of salt. But the signals are worth paying attention to.

• Average sale price: $265,000 - essentially flat
• Average list price this month: $274,900
• Price per square foot: $311
• Homes are selling at 96.40% of list price - buyers have room to negotiate
• HonestDoor Price: $758,228 - down 0.15% from the previous period
• Predicted market value: $759,401
• Estimated rent: $3,026 per month
• Rental yield: 3.65% - moderate, but still positive
• Average days on market: 18 days
• Growth rank: 16 out of 18 Nanaimo neighbourhoods - near the bottom of the leaderboard
• Price rank: 12 out of 13 - among the most affordable condo options in Nanaimo

Condo values here have shifted -1.97% recently, and the 3-month moving average of $764,206 is also sliding. Compared to nearby Westwood condos at $509,710, Harewood condos are actually priced higher on the HonestDoor scale. But with growth ranking near the bottom of the city leaderboard, this segment is clearly taking a breather.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment. It's a snapshot taken months ago, sometimes longer. It doesn't know what happened on your street last Tuesday. The average assessed value for a Harewood house sits at $666,348 - but the HonestDoor Price is $636,121. That's a $30,000 gap. For condos, the assessed value is $419,837 while the HonestDoor Price comes in at $758,228 - an 80.60% difference.

The HonestDoor Price pulls from real transaction data and updates in real time. It's the closest thing to knowing what a buyer would actually write a cheque for today - not what a government formula calculated last year. If you're making any financial decision based on your home's value, the HonestDoor Price is your real-world check against a number that's already out of date.

The "So What?" - Thinking About Selling This Summer?

Straight talk: if you own a house in Harewood and you're thinking about selling, the window is still open - but it's not as wide as it was. Prices are softening, buyers are negotiating below list, and the growth rank of 10 out of 19 puts us in the middle of the Nanaimo leaderboard. The good news is that homes are moving in 10 days on average. Price it right and you can still get a clean, fast sale.

For condo owners, patience is the word. With growth ranking 16 out of 18 and values trending down, rushing to list right now means competing in a slow segment. If you can hold, it may be worth watching the next couple of months before committing.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, set a list price, or make any assumptions based on last year's assessment. The market has moved - your strategy should too.

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.