Colwood residential real estate market — Jun 2026

Is Colwood a buyer's or seller's market?

As of the latest data, Colwood is a balanced market. There are about 4.8 months of inventory — 4 to 7 months is considered balanced. Around 22.4% of homes sold above asking, and the typical sale closed at 98.7% of list price.

How much does a home cost in Colwood?

The median sold price for a home in Colwood is $933K, down 1.8% from a year ago. The average sold price is $989K. That works out to roughly $497 per square foot.

Are homes in Colwood selling over asking?

22.4% of homes that sold in Colwood closed above their list price. The typical home sold at 98.7% of asking — just under list. Among the homes that sold over asking, the median premium was +$28.1k over asking.

How long do homes take to sell in Colwood?

Half of the homes that sold in Colwood went under contract within about 34 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Colwood?

Median sold prices in Colwood are down 1.8% year over year, at $933K. Currently 20.2% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Colwood?

It depends which side you are on. With about 4.8 months of inventory, Colwood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 34 days to sell, so both sides have room to negotiate on price and terms.

What is the best time of year to sell a home in Colwood?

Across the past two years, sales activity in Colwood has been strongest in June and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Colwood?

As of the latest data there are 139 active home listings in Colwood. Over the period, 623 new listings came to market and 327 sold, which is about 4.8 months of inventory at the current sales pace.

Do homes in Colwood sell for more than their assessed value?

The typical home in Colwood sold at 102.4% of its BC-assessed value — about 2% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.