Arbutus residential real estate market — Jun 2026

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

As of the latest data, Arbutus is a seller's market. There are about 3.0 months of inventory — under 4 months typically favours sellers. Around 23.3% of homes sold above asking, and the typical sale closed at 98.5% of list price.

How much does a home cost in Arbutus?

The median sold price for a home in the Arbutus neighbourhood is $1.42M, up 10.3% from a year ago. The average sold price is $1.5M. That works out to roughly $584 per square foot.

Are homes in Arbutus selling over asking?

23.3% of homes that sold in the Arbutus neighbourhood closed above their list price. The typical home sold at 98.5% of asking — just under list. Among the homes that sold over asking, the median premium was +$25k over asking.

How long do homes take to sell in Arbutus?

Half of the homes that sold in the Arbutus neighbourhood went under contract within about 20 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Arbutus?

Median sold prices in the Arbutus neighbourhood are up 10.3% year over year, at $1.42M. Currently 23.8% 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 Arbutus?

It depends which side you are on. With about 3.0 months of inventory, the Arbutus neighbourhood favours sellers. Sellers have leverage, with homes moving in around 20 days and 23.3% selling over asking — buyers should be ready to act quickly and expect competition.

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

Across the past two years, sales activity in the Arbutus neighbourhood has been strongest in May and quietest in February. 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 Arbutus?

As of the latest data there are 14 active home listings in the Arbutus neighbourhood. Over the period, 52 new listings came to market and 30 sold, which is about 3.0 months of inventory at the current sales pace.

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

The typical home in the Arbutus neighbourhood sold at 103.6% of its BC-assessed value — about 4% 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.