Fairfield East residential real estate market — Jun 2026

Is Fairfield East a buyer's or seller's market?

As of the latest data, Fairfield East is a buyer's market. There are about 15.0 months of inventory — over 7 months gives buyers the upper hand. Around 12.5% of condos sold above asking, and the typical sale closed at 98.5% of list price.

How much does a condo cost in Fairfield East?

The median sold price for a condo in the Fairfield East neighbourhood is $855K, up 27.1% from a year ago. The average sold price is $906K. That works out to roughly $870 per square foot.

Are condos in Fairfield East selling over asking?

12.5% of condos that sold in the Fairfield East neighbourhood closed above their list price. The typical home sold at 98.5% of asking — just under list. Among the homes that sold over asking, the median premium was +$33.8k over asking.

How long do condos take to sell in Fairfield East?

Half of the condos that sold in the Fairfield East neighbourhood went under contract within about 16 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Fairfield East?

Median sold prices in the Fairfield East neighbourhood are up 27.1% year over year, at $855K. Currently 11.8% 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 Fairfield East?

It depends which side you are on. With about 15.0 months of inventory, the Fairfield East neighbourhood favours buyers. Buyers have more choice and negotiating room, with condos taking around 16 days to sell — sellers need to price sharply to stand out.

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

Across the past two years, sales activity in the Fairfield East neighbourhood has been strongest in March 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 condos are for sale in Fairfield East?

As of the latest data there are 5 active condo listings in the Fairfield East neighbourhood. Over the period, 22 new listings came to market and 8 sold, which is about 15.0 months of inventory at the current sales pace.

Do condos in Fairfield East sell for more than their assessed value?

The typical home in the Fairfield East neighbourhood sold at 115.2% of its BC-assessed value — about 15% 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.