Turgoose house market — prices, sold data & trends

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

As of the latest data, Turgoose is a seller's market. There are about 2.0 months of inventory — under 4 months typically favours sellers. Around 25.0% of houses sold above asking, and the typical sale closed at 97.1% of list price.

How much does a house cost in Turgoose?

The median sold price for a house in the Turgoose neighbourhood is $1.2M. The average sold price is $1.33M. That works out to roughly $615 per square foot.

Are houses in Turgoose selling over asking?

25.0% of houses that sold in the Turgoose neighbourhood closed above their list price. The typical home sold at 97.1% of asking — just under list. Among the homes that sold over asking, the median premium was +$3k over asking.

How long do houses take to sell in Turgoose?

Half of the houses that sold in the Turgoose neighbourhood went under contract within about 51 days — the median days on market. A longer time on market gives buyers more negotiating room.

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

It depends which side you are on. With about 2.0 months of inventory, the Turgoose neighbourhood favours sellers. Sellers have leverage, with houses moving in around 51 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 Turgoose?

Across the past two years, sales activity in the Turgoose neighbourhood has been strongest in July 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 Turgoose?

As of the latest data there are 2 active house listings in the Turgoose neighbourhood. Over the period, 11 new listings came to market and 9 sold, which is about 2.0 months of inventory at the current sales pace.

Do houses in Turgoose sell for more than their assessed value?

The typical home in the Turgoose neighbourhood sold at 103.1% of its BC-assessed value — about 3% 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.