Mt Tolmie residential real estate market — Jun 2026

Is Mt Tolmie a buyer's or seller's market?

As of the latest data, Mt Tolmie is a balanced market. There are about 4.7 months of inventory — 4 to 7 months is considered balanced. Around 10.0% of homes sold above asking, and the typical sale closed at 96.7% of list price.

How much does a home cost in Mt Tolmie?

The median sold price for a home in the Mt Tolmie neighbourhood is $765K, down 22.8% from a year ago. The average sold price is $843K. That works out to roughly $541 per square foot.

Are homes in Mt Tolmie selling over asking?

10.0% of homes that sold in the Mt Tolmie neighbourhood closed above their list price. The typical home sold at 96.7% of asking — just under list. Among the homes that sold over asking, the median premium was +$24k over asking.

How long do homes take to sell in Mt Tolmie?

Half of the homes that sold in the Mt Tolmie neighbourhood went under contract within about 32 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Mt Tolmie?

Median sold prices in the Mt Tolmie neighbourhood are down 22.8% year over year, at $765K. Currently 22.6% 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 Mt Tolmie?

It depends which side you are on. With about 4.7 months of inventory, the Mt Tolmie neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 32 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 Mt Tolmie?

Across the past two years, sales activity in the Mt Tolmie neighbourhood has been strongest in May 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 Mt Tolmie?

As of the latest data there are 30 active home listings in the Mt Tolmie neighbourhood. Over the period, 105 new listings came to market and 55 sold, which is about 4.7 months of inventory at the current sales pace.

Do homes in Mt Tolmie sell for more than their assessed value?

The typical home in the Mt Tolmie neighbourhood sold at 101.1% of its BC-assessed value — about 1% above its BC Assessment. 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.