Swan Lake residential real estate market — Jun 2026

Is Swan Lake a buyer's or seller's market?

As of the latest data, Swan Lake is a balanced market. There are about 4.7 months of inventory — 4 to 7 months is considered balanced. Around 19.6% of homes sold above asking, and the typical sale closed at 98.0% of list price.

How much does a home cost in Swan Lake?

The median sold price for a home in the Swan Lake neighbourhood is $790K, down 2.6% from a year ago. The average sold price is $815K. That works out to roughly $533 per square foot.

Are homes in Swan Lake selling over asking?

19.6% of homes that sold in the Swan Lake neighbourhood closed above their list price. The typical home sold at 98.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$1k over asking.

How long do homes take to sell in Swan Lake?

Half of the homes that sold in the Swan Lake neighbourhood went under contract within about 22 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Swan Lake?

Median sold prices in the Swan Lake neighbourhood are down 2.6% year over year, at $790K. Currently 22.3% 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 Swan Lake?

It depends which side you are on. With about 4.7 months of inventory, the Swan Lake neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 22 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 Swan Lake?

Across the past two years, sales activity in the Swan Lake neighbourhood has been strongest in August 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 Swan Lake?

As of the latest data there are 14 active home listings in the Swan Lake neighbourhood. Over the period, 72 new listings came to market and 44 sold, which is about 4.7 months of inventory at the current sales pace.

Do homes in Swan Lake sell for more than their assessed value?

The typical home in the Swan Lake neighbourhood sold at 97.7% of its BC-assessed value — below its assessed value. 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.