Bazan Bay residential real estate market — Jun 2026

Is Bazan Bay a buyer's or seller's market?

As of the latest data, Bazan Bay is a buyer's market. There are about 8.0 months of inventory — over 7 months gives buyers the upper hand. Around 16.7% of houses sold above asking, and the typical sale closed at 97.0% of list price.

How much does a house cost in Bazan Bay?

The median sold price for a house in the Bazan Bay neighbourhood is $1.44M, up 27.0% from a year ago. The average sold price is $1.48M. That works out to roughly $545 per square foot.

Are houses in Bazan Bay selling over asking?

16.7% of houses that sold in the Bazan Bay neighbourhood closed above their list price. The typical home sold at 97.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$22.3k over asking.

How long do houses take to sell in Bazan Bay?

Half of the houses that sold in the Bazan Bay neighbourhood went under contract within about 36 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Bazan Bay?

Median sold prices in the Bazan Bay neighbourhood are up 27.0% year over year, at $1.44M. Currently 16.7% 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 Bazan Bay?

It depends which side you are on. With about 8.0 months of inventory, the Bazan Bay neighbourhood favours buyers. Buyers have more choice and negotiating room, with houses taking around 36 days to sell — sellers need to price sharply to stand out.

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

Across the past two years, sales activity in the Bazan Bay neighbourhood has been strongest in May and quietest in November. 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 Bazan Bay?

As of the latest data there are 8 active house listings in the Bazan Bay neighbourhood. Over the period, 30 new listings came to market and 12 sold, which is about 8.0 months of inventory at the current sales pace.

Do houses in Bazan Bay sell for more than their assessed value?

The typical home in the Bazan Bay neighbourhood sold at 109.7% of its BC-assessed value — about 10% 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.