Gorge Vale residential real estate market — Jun 2026

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

As of the latest data, Gorge Vale is a seller's market. There are about 3.3 months of inventory — under 4 months typically favours sellers. Around 7.7% of homes sold above asking, and the typical sale closed at 98.0% of list price.

How much does a home cost in Gorge Vale?

The median sold price for a home in the Gorge Vale neighbourhood is $731K, up 0.1% from a year ago. The average sold price is $837K. That works out to roughly $556 per square foot.

Are homes in Gorge Vale selling over asking?

7.7% of homes that sold in the Gorge Vale neighbourhood closed above their list price. The typical home sold at 98.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$5k over asking.

How long do homes take to sell in Gorge Vale?

Half of the homes that sold in the Gorge Vale neighbourhood went under contract within about 25 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Gorge Vale?

Median sold prices in the Gorge Vale neighbourhood are up 0.1% year over year, at $731K. Currently 5.5% 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 Vale?

It depends which side you are on. With about 3.3 months of inventory, the Gorge Vale neighbourhood favours sellers. Sellers have leverage, with homes moving in around 25 days and 7.7% 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 Gorge Vale?

Across the past two years, sales activity in the Gorge Vale neighbourhood has been strongest in June and quietest in January. 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 Vale?

As of the latest data there are 10 active home listings in the Gorge Vale neighbourhood. Over the period, 46 new listings came to market and 26 sold, which is about 3.3 months of inventory at the current sales pace.

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

The typical home in the Gorge Vale neighbourhood sold at 103.5% 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.