Sidney South-East townhome market — prices, sold data & trends

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

As of the latest data, Sidney South-East is a seller's market. There are about 2.0 months of inventory — under 4 months typically favours sellers. Around 25.0% of townhomes sold above asking, and the typical sale closed at 97.6% of list price.

How much does a townhome cost in Sidney South-East?

The median sold price for a townhome in the Sidney South-East neighbourhood is $887K. The average sold price is $871K. That works out to roughly $688 per square foot.

Are townhomes in Sidney South-East selling over asking?

25.0% of townhomes that sold in the Sidney South-East neighbourhood closed above their list price. The typical home sold at 97.6% of asking — just under list. Among the homes that sold over asking, the median premium was +$8.1k over asking.

How long do townhomes take to sell in Sidney South-East?

Half of the townhomes that sold in the Sidney South-East neighbourhood went under contract within about 16 days — the median days on market. That is a moderate pace.

Is now a good time to buy or sell in Sidney South-East?

It depends which side you are on. With about 2.0 months of inventory, the Sidney South-East neighbourhood favours sellers. Sellers have leverage, with townhomes moving in around 16 days and 25.0% 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 Sidney South-East?

Across the past two years, sales activity in the Sidney South-East neighbourhood has been strongest in October and quietest in April. 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 townhomes are for sale in Sidney South-East?

As of the latest data there are 2 active townhome listings in the Sidney South-East neighbourhood. Over the period, 11 new listings came to market and 7 sold, which is about 2.0 months of inventory at the current sales pace.

Do townhomes in Sidney South-East sell for more than their assessed value?

The typical home in the Sidney South-East neighbourhood sold at 107.5% of its BC-assessed value — about 8% 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.