Royal Bay residential real estate market — Jun 2026

Is Royal Bay a buyer's or seller's market?

As of the latest data, Royal Bay is a seller's market. There are about 2.7 months of inventory — under 4 months typically favours sellers. Around 7.3% of houses sold above asking, and the typical sale closed at 99.1% of list price.

How much does a house cost in Royal Bay?

The median sold price for a house in the Royal Bay neighbourhood is $1.33M, up 7.1% from a year ago. The average sold price is $1.38M. That works out to roughly $479 per square foot.

Are houses in Royal Bay selling over asking?

7.3% of houses that sold in the Royal Bay neighbourhood closed above their list price. The typical home sold at 99.1% of asking — just under list. Among the homes that sold over asking, the median premium was +$16k over asking.

How long do houses take to sell in Royal Bay?

Half of the houses that sold in the Royal Bay neighbourhood went under contract within about 29 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Royal Bay?

Median sold prices in the Royal Bay neighbourhood are up 7.1% year over year, at $1.33M. Currently 21.4% 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 Royal Bay?

It depends which side you are on. With about 2.7 months of inventory, the Royal Bay neighbourhood favours sellers. Sellers have leverage, with houses moving in around 29 days and 7.3% 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 Royal Bay?

Across the past two years, sales activity in the Royal Bay neighbourhood has been strongest in May 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 houses are for sale in Royal Bay?

As of the latest data there are 16 active house listings in the Royal Bay neighbourhood. Over the period, 89 new listings came to market and 53 sold, which is about 2.7 months of inventory at the current sales pace.

Do houses in Royal Bay sell for more than their assessed value?

The typical home in the Royal Bay neighbourhood sold at 102.8% 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.