Highlands residential real estate market — Jun 2026

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

As of the latest data, Highlands is a balanced market. There are about 6.0 months of inventory — 4 to 7 months is considered balanced. Around 5.3% of houses sold above asking, and the typical sale closed at 98.1% of list price.

How much does a house cost in Highlands?

The median sold price for a house in Highlands is $1.37M, up 18.5% from a year ago. The average sold price is $1.55M. That works out to roughly $520 per square foot.

Are houses in Highlands selling over asking?

5.3% of houses that sold in Highlands closed above their list price. The typical home sold at 98.1% of asking — just under list. Among the homes that sold over asking, the median premium was +$999 over asking.

How long do houses take to sell in Highlands?

Half of the houses that sold in Highlands went under contract within about 53 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Highlands?

Median sold prices in Highlands are up 18.5% year over year, at $1.37M. Currently 14.9% 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 Highlands?

It depends which side you are on. With about 6.0 months of inventory, Highlands is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 53 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 Highlands?

Across the past two years, sales activity in Highlands has been strongest in April and quietest in May. 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 houses are for sale in Highlands?

As of the latest data there are 12 active house listings in Highlands. Over the period, 42 new listings came to market and 18 sold, which is about 6.0 months of inventory at the current sales pace.

Do houses in Highlands sell for more than their assessed value?

The typical home in Highlands sold at 105.6% of its BC-assessed value — about 6% 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.