James Bay residential real estate market — Jun 2026

Is James Bay a buyer's or seller's market?

As of the latest data, James Bay is a balanced market. There are about 4.2 months of inventory — 4 to 7 months is considered balanced. Around 9.9% of homes sold above asking, and the typical sale closed at 97.9% of list price.

How much does a home cost in James Bay?

The median sold price for a home in the James Bay neighbourhood is $805K, up 3.1% from a year ago. The average sold price is $925K. That works out to roughly $681 per square foot.

Are homes in James Bay selling over asking?

9.9% of homes that sold in the James Bay neighbourhood closed above their list price. The typical home sold at 97.9% of asking — just under list. Among the homes that sold over asking, the median premium was +$20.4k over asking.

How long do homes take to sell in James Bay?

Half of the homes that sold in the James Bay neighbourhood went under contract within about 24 days — the median days on market. That is a moderate pace.

Are home prices going up or down in James Bay?

Median sold prices in the James Bay neighbourhood are up 3.1% year over year, at $805K. Currently 19.3% 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 James Bay?

It depends which side you are on. With about 4.2 months of inventory, the James Bay neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 24 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 James Bay?

Across the past two years, sales activity in the James Bay neighbourhood has been strongest in May 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 homes are for sale in James Bay?

As of the latest data there are 64 active home listings in the James Bay neighbourhood. Over the period, 305 new listings came to market and 161 sold, which is about 4.2 months of inventory at the current sales pace.

Do homes in James Bay sell for more than their assessed value?

The typical home in the James Bay neighbourhood sold at 100.4% of its BC-assessed value — right around its assessed value. 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.