Esquimalt residential real estate market — Jun 2026

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

As of the latest data, Esquimalt is a buyer's market. There are about 9.8 months of inventory — over 7 months gives buyers the upper hand. Around 12.0% of homes sold above asking, and the typical sale closed at 98.1% of list price.

How much does a home cost in Esquimalt?

The median sold price for a home in the Esquimalt neighbourhood is $799K, up 20.9% from a year ago. The average sold price is $859K. That works out to roughly $548 per square foot.

Are homes in Esquimalt selling over asking?

12.0% of homes that sold in the Esquimalt neighbourhood closed above their list price. The typical home sold at 98.1% of asking — just under list. Among the homes that sold over asking, the median premium was +$18.6k over asking.

How long do homes take to sell in Esquimalt?

Half of the homes that sold in the Esquimalt 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 Esquimalt?

Median sold prices in the Esquimalt neighbourhood are up 20.9% year over year, at $799K. Currently 10.2% 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 Esquimalt?

It depends which side you are on. With about 9.8 months of inventory, the Esquimalt neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 25 days to sell — sellers need to price sharply to stand out.

What is the best time of year to sell a home in Esquimalt?

Across the past two years, sales activity in the Esquimalt neighbourhood has been strongest in January and quietest in November. 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 Esquimalt?

As of the latest data there are 26 active home listings in the Esquimalt neighbourhood. Over the period, 79 new listings came to market and 24 sold, which is about 9.8 months of inventory at the current sales pace.

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

The typical home in the Esquimalt neighbourhood sold at 104.6% of its BC-assessed value — about 5% 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.