Glen Lake house market — prices, sold data & trends

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

As of the latest data, Glen Lake is a seller's market. There are about 2.4 months of inventory — under 4 months typically favours sellers. Around 26.3% of houses sold above asking, and the typical sale closed at 97.8% of list price.

How much does a house cost in Glen Lake?

The median sold price for a house in the Glen Lake neighbourhood is $899K, down 6.2% from a year ago. The average sold price is $923K. That works out to roughly $434 per square foot.

Are houses in Glen Lake selling over asking?

26.3% of houses that sold in the Glen Lake neighbourhood closed above their list price. The typical home sold at 97.8% of asking — just under list. Among the homes that sold over asking, the median premium was +$7.1k over asking.

How long do houses take to sell in Glen Lake?

Half of the houses that sold in the Glen Lake 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 Glen Lake?

Median sold prices in the Glen Lake neighbourhood are down 6.2% year over year, at $899K. Currently 33.7% of active listings have cut their asking price at least once, a sign of softening pricing pressure.

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

It depends which side you are on. With about 2.4 months of inventory, the Glen Lake neighbourhood favours sellers. Sellers have leverage, with houses moving in around 22 days and 26.3% 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 Glen Lake?

Across the past two years, sales activity in the Glen Lake neighbourhood has been strongest in October 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 houses are for sale in Glen Lake?

As of the latest data there are 4 active house listings in the Glen Lake neighbourhood. Over the period, 32 new listings came to market and 19 sold, which is about 2.4 months of inventory at the current sales pace.

Do houses in Glen Lake sell for more than their assessed value?

The typical home in the Glen Lake neighbourhood sold at 103.9% of its BC-assessed value — about 4% 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.