Broadmead residential real estate market — Jun 2026

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

As of the latest data, Broadmead is a balanced market. There are about 4.4 months of inventory — 4 to 7 months is considered balanced. Around 13.3% of homes sold above asking, and the typical sale closed at 97.7% of list price.

How much does a home cost in Broadmead?

The median sold price for a home in the Broadmead neighbourhood is $1.27M, up 3.9% from a year ago. The average sold price is $1.32M. That works out to roughly $559 per square foot.

Are homes in Broadmead selling over asking?

13.3% of homes that sold in the Broadmead neighbourhood closed above their list price. The typical home sold at 97.7% of asking — just under list. Among the homes that sold over asking, the median premium was +$37.5k over asking.

How long do homes take to sell in Broadmead?

Half of the homes that sold in the Broadmead neighbourhood went under contract within about 28 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Broadmead?

Median sold prices in the Broadmead neighbourhood are up 3.9% year over year, at $1.27M. Currently 21.7% 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 Broadmead?

It depends which side you are on. With about 4.4 months of inventory, the Broadmead neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 28 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 Broadmead?

Across the past two years, sales activity in the Broadmead neighbourhood has been strongest in April 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 Broadmead?

As of the latest data there are 32 active home listings in the Broadmead neighbourhood. Over the period, 166 new listings came to market and 88 sold, which is about 4.4 months of inventory at the current sales pace.

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

The typical home in the Broadmead neighbourhood sold at 101.6% of its BC-assessed value — about 2% 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.