Portage Inlet residential real estate market — Jun 2026

Is Portage Inlet a buyer's or seller's market?

As of the latest data, Portage Inlet is a seller's market. There are about 2.0 months of inventory — under 4 months typically favours sellers. Around 0.0% of homes sold above asking, and the typical sale closed at 95.9% of list price.

How much does a home cost in Portage Inlet?

The median sold price for a home in the Portage Inlet neighbourhood is $1.39M, up 19.0% from a year ago. The average sold price is $1.38M. That works out to roughly $537 per square foot.

Are homes in Portage Inlet selling over asking?

0.0% of homes that sold in the Portage Inlet neighbourhood closed above their list price. The typical home sold at 95.9% of asking — just under list.

How long do homes take to sell in Portage Inlet?

Half of the homes that sold in the Portage Inlet 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 Portage Inlet?

Median sold prices in the Portage Inlet neighbourhood are up 19.0% year over year, at $1.39M. Currently 26.3% 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 Portage Inlet?

It depends which side you are on. With about 2.0 months of inventory, the Portage Inlet neighbourhood favours sellers. Sellers have leverage, with homes moving in around 21 days and 0.0% selling over asking — buyers should be ready to act quickly and expect competition.

What is the best time of year to sell a home in Portage Inlet?

Across the past two years, sales activity in the Portage Inlet neighbourhood has been strongest in November and quietest in March. 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 Portage Inlet?

As of the latest data there are 2 active home listings in the Portage Inlet neighbourhood. Over the period, 22 new listings came to market and 11 sold, which is about 2.0 months of inventory at the current sales pace.

Do homes in Portage Inlet sell for more than their assessed value?

The typical home in the Portage Inlet neighbourhood sold at 103.2% of its BC-assessed value — about 3% 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.