Swartz Bay residential real estate market — Jun 2026

Is Swartz Bay a buyer's or seller's market?

As of the latest data, Swartz Bay is a balanced market. There are about 4.0 months of inventory — 4 to 7 months is considered balanced. Around 12.5% of houses sold above asking, and the typical sale closed at 97.2% of list price.

How much does a house cost in Swartz Bay?

The median sold price for a house in the Swartz Bay neighbourhood is $1.25M, down 3.9% from a year ago. The average sold price is $1.2M. That works out to roughly $499 per square foot.

Are houses in Swartz Bay selling over asking?

12.5% of houses that sold in the Swartz Bay neighbourhood closed above their list price. The typical home sold at 97.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$26k over asking.

How long do houses take to sell in Swartz Bay?

Half of the houses that sold in the Swartz Bay neighbourhood went under contract within about 44 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Swartz Bay?

Median sold prices in the Swartz Bay neighbourhood are down 3.9% year over year, at $1.25M. Currently 26.8% of active listings have cut their asking price at least once, a sign of softening pricing pressure.

Is now a good time to buy or sell in Swartz Bay?

It depends which side you are on. With about 4.0 months of inventory, the Swartz Bay neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 44 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 Swartz Bay?

Across the past two years, sales activity in the Swartz Bay neighbourhood has been strongest in February 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 houses are for sale in Swartz Bay?

As of the latest data there are 4 active house listings in the Swartz Bay neighbourhood. Over the period, 25 new listings came to market and 8 sold, which is about 4.0 months of inventory at the current sales pace.

Do houses in Swartz Bay sell for more than their assessed value?

The typical home in the Swartz Bay neighbourhood sold at 94.6% 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.