Cadboro Bay residential real estate market — Jun 2026

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

As of the latest data, Cadboro Bay is a seller's market. There are about 3.0 months of inventory — under 4 months typically favours sellers. Around 21.1% of homes sold above asking, and the typical sale closed at 97.8% of list price.

How much does a home cost in Cadboro Bay?

The median sold price for a home in the Cadboro Bay neighbourhood is $1.44M, down 26.7% from a year ago. The average sold price is $1.55M. That works out to roughly $710 per square foot.

Are homes in Cadboro Bay selling over asking?

21.1% of homes that sold in the Cadboro 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 +$37.5k over asking.

How long do homes take to sell in Cadboro Bay?

Half of the homes that sold in the Cadboro Bay neighbourhood went under contract within about 32 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Cadboro Bay?

Median sold prices in the Cadboro Bay neighbourhood are down 26.7% year over year, at $1.44M. Currently 23.0% 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 Cadboro Bay?

It depends which side you are on. With about 3.0 months of inventory, the Cadboro Bay neighbourhood favours sellers. Sellers have leverage, with homes moving in around 32 days and 21.1% 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 Cadboro Bay?

Across the past two years, sales activity in the Cadboro Bay neighbourhood has been strongest in June 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 homes are for sale in Cadboro Bay?

As of the latest data there are 12 active home listings in the Cadboro Bay neighbourhood. Over the period, 68 new listings came to market and 38 sold, which is about 3.0 months of inventory at the current sales pace.

Do homes in Cadboro Bay sell for more than their assessed value?

The typical home in the Cadboro Bay neighbourhood sold at 93.6% of its BC-assessed value — below its assessed value. 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.