Sheringham Point real estate market — prices, sold data & trends

Is Sheringham Point a buyer's or seller's market?

As of the latest data, Sheringham Point 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 96.5% of list price.

How much does a home cost in Sheringham Point?

The median sold price for a home in the Sheringham Point neighbourhood is $890K. The average sold price is $1.15M. That works out to roughly $532 per square foot.

Are homes in Sheringham Point selling over asking?

0.0% of homes that sold in the Sheringham Point neighbourhood closed above their list price. The typical home sold at 96.5% of asking — just under list.

How long do homes take to sell in Sheringham Point?

Half of the homes that sold in the Sheringham Point neighbourhood went under contract within about 28 days — the median days on market. That is a moderate pace.

Is now a good time to buy or sell in Sheringham Point?

It depends which side you are on. With about 6.0 months of inventory, the Sheringham Point neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 28 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 Sheringham Point?

Across the past two years, sales activity in the Sheringham Point neighbourhood has been strongest in February and quietest in November. 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 Sheringham Point?

As of the latest data there are 2 active home listings in the Sheringham Point neighbourhood. Over the period, 15 new listings came to market and 4 sold, which is about 6.0 months of inventory at the current sales pace.

Do homes in Sheringham Point sell for more than their assessed value?

The typical home in the Sheringham Point neighbourhood sold at 114.5% of its BC-assessed value — about 15% 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.