Gorge residential real estate market — Jun 2026

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

As of the latest data, Gorge is a balanced market. There are about 5.8 months of inventory — 4 to 7 months is considered balanced. Around 18.6% of homes sold above asking, and the typical sale closed at 97.6% of list price.

How much does a home cost in Gorge?

The median sold price for a home in the Gorge neighbourhood is $800K, down 2.6% from a year ago. The average sold price is $781K. That works out to roughly $496 per square foot.

Are homes in Gorge selling over asking?

18.6% of homes that sold in the Gorge neighbourhood closed above their list price. The typical home sold at 97.6% of asking — just under list. Among the homes that sold over asking, the median premium was +$16k over asking.

How long do homes take to sell in Gorge?

Half of the homes that sold in the Gorge neighbourhood went under contract within about 27 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Gorge?

Median sold prices in the Gorge neighbourhood are down 2.6% year over year, at $800K. Currently 16.1% 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 Gorge?

It depends which side you are on. With about 5.8 months of inventory, the Gorge neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 27 days to sell, so both sides have room to negotiate on price and terms.

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

Across the past two years, sales activity in the Gorge neighbourhood has been strongest in May and quietest in February. 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 Gorge?

As of the latest data there are 31 active home listings in the Gorge neighbourhood. Over the period, 109 new listings came to market and 59 sold, which is about 5.8 months of inventory at the current sales pace.

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

The typical home in the Gorge neighbourhood sold at 102.0% 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.