Oldfield real estate market — prices, sold data & trends

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

As of the latest data, Oldfield is a balanced market. There are about 6.0 months of inventory — 4 to 7 months is considered balanced. Around 0.0% of homes sold above asking, and the typical sale closed at 98.9% of list price.

How much does a home cost in Oldfield?

The median sold price for a home in the Oldfield neighbourhood is $2.38M. The average sold price is $2.14M. That works out to roughly $531 per square foot.

Are homes in Oldfield selling over asking?

0.0% of homes that sold in the Oldfield neighbourhood closed above their list price. The typical home sold at 98.9% of asking — just under list.

How long do homes take to sell in Oldfield?

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

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

It depends which side you are on. With about 6.0 months of inventory, the Oldfield neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 20 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 Oldfield?

Across the past two years, sales activity in the Oldfield 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 homes are for sale in Oldfield?

As of the latest data there are 2 active home listings in the Oldfield neighbourhood. Over the period, 6 new listings came to market and 2 sold, which is about 6.0 months of inventory at the current sales pace.

Do homes in Oldfield sell for more than their assessed value?

The typical home in the Oldfield neighbourhood sold at 118.3% of its BC-assessed value — about 18% 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.