John Muir real estate market — prices, sold data & trends

Is John Muir a buyer's or seller's market?

As of the latest data, John Muir is a buyer's market. There are about 12.0 months of inventory — over 7 months gives buyers the upper hand. Around 31.6% of homes sold above asking, and the typical sale closed at 98.6% of list price.

How much does a home cost in John Muir?

The median sold price for a home in the John Muir neighbourhood is $810K, down 1.6% from a year ago. The average sold price is $818K. That works out to roughly $368 per square foot.

Are homes in John Muir selling over asking?

31.6% of homes that sold in the John Muir neighbourhood closed above their list price. The typical home sold at 98.6% of asking — just under list. Among the homes that sold over asking, the median premium was +$15.9k over asking.

How long do homes take to sell in John Muir?

Half of the homes that sold in the John Muir neighbourhood went under contract within about 69 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in John Muir?

Median sold prices in the John Muir neighbourhood are down 1.6% year over year, at $810K. Currently 34.3% of active listings have cut their asking price at least once, a sign of softening pricing pressure.

Is now a good time to buy or sell in John Muir?

It depends which side you are on. With about 12.0 months of inventory, the John Muir neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 69 days to sell — sellers need to price sharply to stand out.

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

Across the past two years, sales activity in the John Muir neighbourhood has been strongest in August 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 John Muir?

As of the latest data there are 12 active home listings in the John Muir neighbourhood. Over the period, 42 new listings came to market and 19 sold, which is about 12.0 months of inventory at the current sales pace.

Do homes in John Muir sell for more than their assessed value?

The typical home in the John Muir neighbourhood sold at 99.0% of its BC-assessed value — below 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.