Sidney North-East real estate market — prices, sold data & trends

Is Sidney North-East a buyer's or seller's market?

As of the latest data, Sidney North-East is a seller's market. There are about 2.2 months of inventory — under 4 months typically favours sellers. Around 12.1% of homes sold above asking, and the typical sale closed at 98.2% of list price.

How much does a home cost in Sidney North-East?

The median sold price for a home in the Sidney North-East neighbourhood is $855K, up 5.1% from a year ago. The average sold price is $946K. That works out to roughly $617 per square foot.

Are homes in Sidney North-East selling over asking?

12.1% of homes that sold in the Sidney North-East neighbourhood closed above their list price. The typical home sold at 98.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$15.1k over asking.

How long do homes take to sell in Sidney North-East?

Half of the homes that sold in the Sidney North-East neighbourhood went under contract within about 25 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Sidney North-East?

Median sold prices in the Sidney North-East neighbourhood are up 5.1% year over year, at $855K. Currently 16.8% 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 Sidney North-East?

It depends which side you are on. With about 2.2 months of inventory, the Sidney North-East neighbourhood favours sellers. Sellers have leverage, with homes moving in around 25 days and 12.1% 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 Sidney North-East?

Across the past two years, sales activity in the Sidney North-East neighbourhood has been strongest in September 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 Sidney North-East?

As of the latest data there are 46 active home listings in the Sidney North-East neighbourhood. Over the period, 353 new listings came to market and 209 sold, which is about 2.2 months of inventory at the current sales pace.

Do homes in Sidney North-East sell for more than their assessed value?

The typical home in the Sidney North-East 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.