Florence Lake townhome market — prices, sold data & trends

Is Florence Lake a buyer's or seller's market?

As of the latest data, Florence Lake is a seller's market. There are about 0.0 months of inventory — under 4 months typically favours sellers. Around 0.0% of townhomes sold above asking, and the typical sale closed at 97.3% of list price.

How much does a townhome cost in Florence Lake?

The median sold price for a townhome in the Florence Lake neighbourhood is $745K. The average sold price is $757K. That works out to roughly $532 per square foot.

Are townhomes in Florence Lake selling over asking?

0.0% of townhomes that sold in the Florence Lake neighbourhood closed above their list price. The typical home sold at 97.3% of asking — just under list.

How long do townhomes take to sell in Florence Lake?

Half of the townhomes that sold in the Florence Lake neighbourhood went under contract within about 23 days — the median days on market. That is a moderate pace.

Is now a good time to buy or sell in Florence Lake?

It depends which side you are on. With about 0.0 months of inventory, the Florence Lake neighbourhood favours sellers. Sellers have leverage, with townhomes moving in around 23 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 Florence Lake?

Across the past two years, sales activity in the Florence Lake 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 townhomes are for sale in Florence Lake?

As of the latest data there are 0 active townhome listings in the Florence Lake neighbourhood. Over the period, 12 new listings came to market and 5 sold, which is about 0.0 months of inventory at the current sales pace.

Do townhomes in Florence Lake sell for more than their assessed value?

The typical home in the Florence Lake neighbourhood sold at 593495.9% of its BC-assessed value — about 593396% 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.