Cordova Bay residential real estate market — Jun 2026

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

As of the latest data, Cordova Bay is a balanced market. There are about 4.2 months of inventory — 4 to 7 months is considered balanced. Around 20.0% of homes sold above asking, and the typical sale closed at 97.8% of list price.

How much does a home cost in Cordova Bay?

The median sold price for a home in the Cordova Bay neighbourhood is $1.51M, up 4.4% from a year ago. The average sold price is $1.61M. That works out to roughly $695 per square foot.

Are homes in Cordova Bay selling over asking?

20.0% of homes that sold in the Cordova 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 +$42.5k over asking.

How long do homes take to sell in Cordova Bay?

Half of the homes that sold in the Cordova Bay neighbourhood went under contract within about 31 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Cordova Bay?

Median sold prices in the Cordova Bay neighbourhood are up 4.4% year over year, at $1.51M. Currently 18.3% 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 Cordova Bay?

It depends which side you are on. With about 4.2 months of inventory, the Cordova Bay neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 31 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 Cordova Bay?

Across the past two years, sales activity in the Cordova 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 homes are for sale in Cordova Bay?

As of the latest data there are 67 active home listings in the Cordova Bay neighbourhood. Over the period, 307 new listings came to market and 134 sold, which is about 4.2 months of inventory at the current sales pace.

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

The typical home in the Cordova Bay neighbourhood sold at 103.9% of its BC-assessed value — about 4% 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.