Luxton house market — prices, sold data & trends

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

As of the latest data, Luxton is a balanced market. There are about 4.5 months of inventory — 4 to 7 months is considered balanced. Around 0.0% of houses sold above asking, and the typical sale closed at 97.6% of list price.

How much does a house cost in Luxton?

The median sold price for a house in the Luxton neighbourhood is $963K. The average sold price is $927K. That works out to roughly $443 per square foot.

Are houses in Luxton selling over asking?

0.0% of houses that sold in the Luxton neighbourhood closed above their list price. The typical home sold at 97.6% of asking — just under list.

How long do houses take to sell in Luxton?

Half of the houses that sold in the Luxton neighbourhood went under contract within about 25 days — the median days on market. That is a moderate pace.

Is now a good time to buy or sell in Luxton?

It depends which side you are on. With about 4.5 months of inventory, the Luxton neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 25 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 Luxton?

Across the past two years, sales activity in the Luxton neighbourhood has been strongest in March 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 houses are for sale in Luxton?

As of the latest data there are 3 active house listings in the Luxton neighbourhood. Over the period, 18 new listings came to market and 9 sold, which is about 4.5 months of inventory at the current sales pace.

Do houses in Luxton sell for more than their assessed value?

The typical home in the Luxton neighbourhood sold at 98.5% 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.