Brentwood Bay house market — prices, sold data & trends

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

As of the latest data, Brentwood Bay is a balanced market. There are about 4.4 months of inventory — 4 to 7 months is considered balanced. Around 13.7% of houses sold above asking, and the typical sale closed at 97.8% of list price.

How much does a house cost in Brentwood Bay?

The median sold price for a house in the Brentwood Bay neighbourhood is $1.18M, down 2.0% from a year ago. The average sold price is $1.32M. That works out to roughly $535 per square foot.

Are houses in Brentwood Bay selling over asking?

13.7% of houses that sold in the Brentwood Bay neighbourhood closed above their list price. The typical home sold at 97.8% of asking — just under list. Among the homes that sold over asking, the median premium was +$32.5k over asking.

How long do houses take to sell in Brentwood Bay?

Half of the houses that sold in the Brentwood Bay neighbourhood went under contract within about 25 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Brentwood Bay?

Median sold prices in the Brentwood Bay neighbourhood are down 2.0% year over year, at $1.18M. Currently 19.8% 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 Brentwood Bay?

It depends which side you are on. With about 4.4 months of inventory, the Brentwood Bay neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 25 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 Brentwood Bay?

Across the past two years, sales activity in the Brentwood Bay neighbourhood has been strongest in May 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 houses are for sale in Brentwood Bay?

As of the latest data there are 22 active house listings in the Brentwood Bay neighbourhood. Over the period, 88 new listings came to market and 49 sold, which is about 4.4 months of inventory at the current sales pace.

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

The typical home in the Brentwood Bay neighbourhood sold at 105.7% 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.