Tanner townhome market — prices, sold data & trends

Is Tanner a buyer's or seller's market?

As of the latest data, Tanner is a seller's market. There are about 0.0 months of inventory — under 4 months typically favours sellers. Around 0.0% of townhomes sold above asking, and the typical sale closed at 98.8% of list price.

How much does a townhome cost in Tanner?

The median sold price for a townhome in the Tanner neighbourhood is $770K. The average sold price is $753K. That works out to roughly $517 per square foot.

Are townhomes in Tanner selling over asking?

0.0% of townhomes that sold in the Tanner neighbourhood closed above their list price. The typical home sold at 98.8% of asking — just under list.

How long do townhomes take to sell in Tanner?

Half of the townhomes that sold in the Tanner neighbourhood went under contract within about 12 days — the median days on market. That is a fast pace that points to strong demand and limited room to negotiate.

Is now a good time to buy or sell in Tanner?

It depends which side you are on. With about 0.0 months of inventory, the Tanner neighbourhood favours sellers. Sellers have leverage, with townhomes moving in around 12 days and 0.0% 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 Tanner?

Across the past two years, sales activity in the Tanner neighbourhood has been strongest in March 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 townhomes are for sale in Tanner?

As of the latest data there are 0 active townhome listings in the Tanner neighbourhood. Over the period, 3 new listings came to market and 4 sold, which is about 0.0 months of inventory at the current sales pace.

Do townhomes in Tanner sell for more than their assessed value?

The typical home in the Tanner neighbourhood sold at 118.6% of its BC-assessed value — about 19% 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.