Deep Cove house market — prices, sold data & trends

Is Deep Cove a buyer's or seller's market?

As of the latest data, Deep Cove is a seller's market. There are about 2.8 months of inventory — under 4 months typically favours sellers. Around 0.0% of houses sold above asking, and the typical sale closed at 97.0% of list price.

How much does a house cost in Deep Cove?

The median sold price for a house in the Deep Cove neighbourhood is $2.24M, up 29.0% from a year ago. The average sold price is $2.56M. That works out to roughly $788 per square foot.

Are houses in Deep Cove selling over asking?

0.0% of houses that sold in the Deep Cove neighbourhood closed above their list price. The typical home sold at 97.0% of asking — just under list.

How long do houses take to sell in Deep Cove?

Half of the houses that sold in the Deep Cove neighbourhood went under contract within about 24 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Deep Cove?

Median sold prices in the Deep Cove neighbourhood are up 29.0% year over year, at $2.24M. Currently 10.5% 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 Deep Cove?

It depends which side you are on. With about 2.8 months of inventory, the Deep Cove neighbourhood favours sellers. Sellers have leverage, with houses moving in around 24 days and 0.0% 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 Deep Cove?

Across the past two years, sales activity in the Deep Cove 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 Deep Cove?

As of the latest data there are 14 active house listings in the Deep Cove neighbourhood. Over the period, 83 new listings came to market and 45 sold, which is about 2.8 months of inventory at the current sales pace.

Do houses in Deep Cove sell for more than their assessed value?

The typical home in the Deep Cove neighbourhood sold at 109.8% of its BC-assessed value — about 10% 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.