Oaklands residential real estate market — Jun 2026

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

As of the latest data, Oaklands is a balanced market. There are about 5.4 months of inventory — 4 to 7 months is considered balanced. Around 5.3% of condos sold above asking, and the typical sale closed at 98.0% of list price.

How much does a condo cost in Oaklands?

The median sold price for a condo in the Oaklands neighbourhood is $480K, down 2.9% from a year ago. The average sold price is $492K. That works out to roughly $535 per square foot.

Are condos in Oaklands selling over asking?

5.3% of condos that sold in the Oaklands neighbourhood closed above their list price. The typical home sold at 98.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$1.5k over asking.

How long do condos take to sell in Oaklands?

Half of the condos that sold in the Oaklands neighbourhood went under contract within about 33 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Oaklands?

Median sold prices in the Oaklands neighbourhood are down 2.9% year over year, at $480K. Currently 32.8% 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 Oaklands?

It depends which side you are on. With about 5.4 months of inventory, the Oaklands neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: condos take about 33 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 Oaklands?

Across the past two years, sales activity in the Oaklands neighbourhood has been strongest in March and quietest in December. 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 condos are for sale in Oaklands?

As of the latest data there are 9 active condo listings in the Oaklands neighbourhood. Over the period, 33 new listings came to market and 19 sold, which is about 5.4 months of inventory at the current sales pace.

Do condos in Oaklands sell for more than their assessed value?

The typical home in the Oaklands neighbourhood sold at 97.6% 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.