Sooke Village Core real estate market — prices, sold data & trends

Is Sooke Village Core a buyer's or seller's market?

As of the latest data, Sooke Village Core is a buyer's market. There are about 7.4 months of inventory — over 7 months gives buyers the upper hand. Around 11.6% of homes sold above asking, and the typical sale closed at 98.3% of list price.

How much does a home cost in Sooke Village Core?

The median sold price for a home in the Sooke Village Core neighbourhood is $690K, up 0.2% from a year ago. The average sold price is $709K. That works out to roughly $405 per square foot.

Are homes in Sooke Village Core selling over asking?

11.6% of homes that sold in the Sooke Village Core neighbourhood closed above their list price. The typical home sold at 98.3% of asking — just under list. Among the homes that sold over asking, the median premium was +$25.5k over asking.

How long do homes take to sell in Sooke Village Core?

Half of the homes that sold in the Sooke Village Core neighbourhood went under contract within about 55 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Sooke Village Core?

Median sold prices in the Sooke Village Core neighbourhood are up 0.2% year over year, at $690K. Currently 22.5% 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 Sooke Village Core?

It depends which side you are on. With about 7.4 months of inventory, the Sooke Village Core neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 55 days to sell — sellers need to price sharply to stand out.

What is the best time of year to sell a home in Sooke Village Core?

Across the past two years, sales activity in the Sooke Village Core neighbourhood has been strongest in August 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 Sooke Village Core?

As of the latest data there are 37 active home listings in the Sooke Village Core neighbourhood. Over the period, 158 new listings came to market and 67 sold, which is about 7.4 months of inventory at the current sales pace.

Do homes in Sooke Village Core sell for more than their assessed value?

The typical home in the Sooke Village Core neighbourhood sold at 100.8% of its BC-assessed value — about 1% 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.