Island View townhome market — prices, sold data & trends

Is Island View a buyer's or seller's market?

As of the latest data, Island View 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 99.0% of list price.

How much does a townhome cost in Island View?

The median sold price for a townhome in the Island View neighbourhood is $793K. The average sold price is $793K. That works out to roughly $480 per square foot.

Are townhomes in Island View selling over asking?

0.0% of townhomes that sold in the Island View neighbourhood closed above their list price. The typical home sold at 99.0% of asking — just under list.

How long do townhomes take to sell in Island View?

Half of the townhomes that sold in the Island View neighbourhood went under contract within about 12 days — the median days on market. That is a fast pace that points to strong demand and limited room to negotiate.

Is now a good time to buy or sell in Island View?

It depends which side you are on. With about 0.0 months of inventory, the Island View neighbourhood favours sellers. Sellers have leverage, with townhomes moving in around 12 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 Island View?

Across the past two years, sales activity in the Island View neighbourhood has been strongest in July and quietest in December. 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 Island View?

As of the latest data there are 1 active townhome listings in the Island View neighbourhood. Over the period, 3 new listings came to market and 2 sold, which is about 0.0 months of inventory at the current sales pace.

Do townhomes in Island View sell for more than their assessed value?

The typical home in the Island View neighbourhood sold at 104.0% 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.