Vic West residential real estate market — Jun 2026

Is Vic West a buyer's or seller's market?

As of the latest data, Vic West is a seller's market. There are about 0.9 months of inventory — under 4 months typically favours sellers. Around 24.0% of houses sold above asking, and the typical sale closed at 97.5% of list price.

How much does a house cost in Vic West?

The median sold price for a house in the Vic West neighbourhood is $1.16M, up 7.9% from a year ago. The average sold price is $1.18M. That works out to roughly $557 per square foot.

Are houses in Vic West selling over asking?

24.0% of houses that sold in the Vic West neighbourhood closed above their list price. The typical home sold at 97.5% of asking — just under list. Among the homes that sold over asking, the median premium was +$15k over asking.

How long do houses take to sell in Vic West?

Half of the houses that sold in the Vic West neighbourhood went under contract within about 27 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Vic West?

Median sold prices in the Vic West neighbourhood are up 7.9% year over year, at $1.16M. Currently 26.6% 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 Vic West?

It depends which side you are on. With about 0.9 months of inventory, the Vic West neighbourhood favours sellers. Sellers have leverage, with houses moving in around 27 days and 24.0% 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 Vic West?

Across the past two years, sales activity in the Vic West neighbourhood has been strongest in May and quietest in September. 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 Vic West?

As of the latest data there are 3 active house listings in the Vic West neighbourhood. Over the period, 35 new listings came to market and 23 sold, which is about 0.9 months of inventory at the current sales pace.

Do houses in Vic West sell for more than their assessed value?

The typical home in the Vic West neighbourhood sold at 107.4% of its BC-assessed value — about 7% 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.