Old Esquimalt residential real estate market — Jun 2026

Is Old Esquimalt a buyer's or seller's market?

As of the latest data, Old Esquimalt is a balanced market. There are about 7.0 months of inventory — 4 to 7 months is considered balanced. Around 5.0% of homes sold above asking, and the typical sale closed at 97.8% of list price.

How much does a home cost in Old Esquimalt?

The median sold price for a home in the Old Esquimalt neighbourhood is $735K, up 3.8% from a year ago. The average sold price is $746K. That works out to roughly $557 per square foot.

Are homes in Old Esquimalt selling over asking?

5.0% of homes that sold in the Old Esquimalt neighbourhood closed above their list price. The typical home sold at 97.8% of asking — just under list. Among the homes that sold over asking, the median premium was +$65k over asking.

How long do homes take to sell in Old Esquimalt?

Half of the homes that sold in the Old Esquimalt neighbourhood went under contract within about 21 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Old Esquimalt?

Median sold prices in the Old Esquimalt neighbourhood are up 3.8% year over year, at $735K. Currently 12.7% 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 Old Esquimalt?

It depends which side you are on. With about 7.0 months of inventory, the Old Esquimalt neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 21 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 Old Esquimalt?

Across the past two years, sales activity in the Old Esquimalt neighbourhood has been strongest in April 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 homes are for sale in Old Esquimalt?

As of the latest data there are 21 active home listings in the Old Esquimalt neighbourhood. Over the period, 78 new listings came to market and 40 sold, which is about 7.0 months of inventory at the current sales pace.

Do homes in Old Esquimalt sell for more than their assessed value?

The typical home in the Old Esquimalt neighbourhood sold at 103.7% of its BC-assessed value — about 4% 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.