Jacklin real estate market — prices, sold data & trends

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

As of the latest data, Jacklin is a balanced market. There are about 5.5 months of inventory — 4 to 7 months is considered balanced. Around 0.0% of homes sold above asking, and the typical sale closed at 97.8% of list price.

How much does a home cost in Jacklin?

The median sold price for a home in the Jacklin neighbourhood is $568K, down 5.3% from a year ago. The average sold price is $578K. That works out to roughly $621 per square foot.

Are homes in Jacklin selling over asking?

0.0% of homes that sold in the Jacklin neighbourhood closed above their list price. The typical home sold at 97.8% of asking — just under list.

How long do homes take to sell in Jacklin?

Half of the homes that sold in the Jacklin neighbourhood went under contract within about 34 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Jacklin?

Median sold prices in the Jacklin neighbourhood are down 5.3% year over year, at $568K. Currently 24.4% 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 Jacklin?

It depends which side you are on. With about 5.5 months of inventory, the Jacklin neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 34 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 Jacklin?

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

As of the latest data there are 11 active home listings in the Jacklin neighbourhood. Over the period, 59 new listings came to market and 26 sold, which is about 5.5 months of inventory at the current sales pace.

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

The typical home in the Jacklin neighbourhood sold at 101.8% 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.