Fernwood residential real estate market — Jun 2026

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

As of the latest data, Fernwood is a seller's market. There are about 2.8 months of inventory — under 4 months typically favours sellers. Around 18.0% of homes sold above asking, and the typical sale closed at 98.1% of list price.

How much does a home cost in Fernwood?

The median sold price for a home in the Fernwood neighbourhood is $840K, up 12.9% from a year ago. The average sold price is $916K. That works out to roughly $597 per square foot.

Are homes in Fernwood selling over asking?

18.0% of homes that sold in the Fernwood 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 +$15k over asking.

How long do homes take to sell in Fernwood?

Half of the homes that sold in the Fernwood neighbourhood went under contract within about 22 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Fernwood?

Median sold prices in the Fernwood neighbourhood are up 12.9% year over year, at $840K. Currently 16.6% 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 Fernwood?

It depends which side you are on. With about 2.8 months of inventory, the Fernwood neighbourhood favours sellers. Sellers have leverage, with homes moving in around 22 days and 18.0% 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 Fernwood?

Across the past two years, sales activity in the Fernwood neighbourhood has been strongest in April 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 Fernwood?

As of the latest data there are 22 active home listings in the Fernwood neighbourhood. Over the period, 100 new listings came to market and 58 sold, which is about 2.8 months of inventory at the current sales pace.

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

The typical home in the Fernwood neighbourhood sold at 101.5% of its BC-assessed value — about 2% 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.