Lake Hill residential real estate market — Jun 2026

Is Lake Hill a buyer's or seller's market?

As of the latest data, Lake Hill is a seller's market. There are about 3.6 months of inventory — under 4 months typically favours sellers. Around 26.8% of homes sold above asking, and the typical sale closed at 98.2% of list price.

How much does a home cost in Lake Hill?

The median sold price for a home in the Lake Hill neighbourhood is $1.09M, up 1.3% from a year ago. The average sold price is $1.04M. That works out to roughly $547 per square foot.

Are homes in Lake Hill selling over asking?

26.8% of homes that sold in the Lake Hill neighbourhood closed above their list price. The typical home sold at 98.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$21k over asking.

How long do homes take to sell in Lake Hill?

Half of the homes that sold in the Lake Hill neighbourhood went under contract within about 17 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Lake Hill?

Median sold prices in the Lake Hill neighbourhood are up 1.3% year over year, at $1.09M. Currently 26.0% 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 Lake Hill?

It depends which side you are on. With about 3.6 months of inventory, the Lake Hill neighbourhood favours sellers. Sellers have leverage, with homes moving in around 17 days and 26.8% 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 Lake Hill?

Across the past two years, sales activity in the Lake Hill neighbourhood has been strongest in April and quietest in September. 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 Lake Hill?

As of the latest data there are 17 active home listings in the Lake Hill neighbourhood. Over the period, 79 new listings came to market and 39 sold, which is about 3.6 months of inventory at the current sales pace.

Do homes in Lake Hill sell for more than their assessed value?

The typical home in the Lake Hill neighbourhood sold at 100.0% 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.