Lambrick Park residential real estate market — Jun 2026

Is Lambrick Park a buyer's or seller's market?

As of the latest data, Lambrick Park is a seller's market. There are about 2.4 months of inventory — under 4 months typically favours sellers. Around 28.0% of homes sold above asking, and the typical sale closed at 99.0% of list price.

How much does a home cost in Lambrick Park?

The median sold price for a home in the Lambrick Park neighbourhood is $979K, up 8.1% from a year ago. The average sold price is $942K. That works out to roughly $520 per square foot.

Are homes in Lambrick Park selling over asking?

28.0% of homes that sold in the Lambrick Park neighbourhood closed above their list price. The typical home sold at 99.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$7.1k over asking.

How long do homes take to sell in Lambrick Park?

Half of the homes that sold in the Lambrick Park neighbourhood went under contract within about 20 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Lambrick Park?

Median sold prices in the Lambrick Park neighbourhood are up 8.1% year over year, at $979K. Currently 15.7% 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 Lambrick Park?

It depends which side you are on. With about 2.4 months of inventory, the Lambrick Park neighbourhood favours sellers. Sellers have leverage, with homes moving in around 20 days and 28.0% 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 Lambrick Park?

Across the past two years, sales activity in the Lambrick Park neighbourhood has been strongest in June 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 Lambrick Park?

As of the latest data there are 13 active home listings in the Lambrick Park neighbourhood. Over the period, 76 new listings came to market and 49 sold, which is about 2.4 months of inventory at the current sales pace.

Do homes in Lambrick Park sell for more than their assessed value?

The typical home in the Lambrick Park neighbourhood sold at 99.1% 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.