Bear Mountain townhome market — prices, sold data & trends

Is Bear Mountain a buyer's or seller's market?

As of the latest data, Bear Mountain is a balanced market. There are about 5.7 months of inventory — 4 to 7 months is considered balanced. Around 2.2% of townhomes sold above asking, and the typical sale closed at 100.0% of list price.

How much does a townhome cost in Bear Mountain?

The median sold price for a townhome in the Bear Mountain neighbourhood is $842K, down 0.1% from a year ago. The average sold price is $910K. That works out to roughly $445 per square foot.

Are townhomes in Bear Mountain selling over asking?

2.2% of townhomes that sold in the Bear Mountain neighbourhood closed above their list price. The typical home sold at 100.0% of asking. Among the homes that sold over asking, the median premium was +$40.7k over asking.

How long do townhomes take to sell in Bear Mountain?

Half of the townhomes that sold in the Bear Mountain neighbourhood went under contract within about 30 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Bear Mountain?

Median sold prices in the Bear Mountain neighbourhood are down 0.1% year over year, at $842K. Currently 19.4% 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 Bear Mountain?

It depends which side you are on. With about 5.7 months of inventory, the Bear Mountain neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: townhomes take about 30 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 Bear Mountain?

Across the past two years, sales activity in the Bear Mountain neighbourhood has been strongest in October 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 townhomes are for sale in Bear Mountain?

As of the latest data there are 21 active townhome listings in the Bear Mountain neighbourhood. Over the period, 91 new listings came to market and 42 sold, which is about 5.7 months of inventory at the current sales pace.

Do townhomes in Bear Mountain sell for more than their assessed value?

The typical home in the Bear Mountain neighbourhood sold at 102.8% of its BC-assessed value — about 3% 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.