Western Highlands real estate market — prices, sold data & trends

Is Western Highlands a buyer's or seller's market?

As of the latest data, Western Highlands is a buyer's market. There are about 9.0 months of inventory — over 7 months gives buyers the upper hand. Around 0.0% of homes sold above asking, and the typical sale closed at 98.1% of list price.

How much does a home cost in Western Highlands?

The median sold price for a home in the Western Highlands neighbourhood is $1.43M. The average sold price is $1.69M. That works out to roughly $501 per square foot.

Are homes in Western Highlands selling over asking?

0.0% of homes that sold in the Western Highlands neighbourhood closed above their list price. The typical home sold at 98.1% of asking — just under list.

How long do homes take to sell in Western Highlands?

Half of the homes that sold in the Western Highlands neighbourhood went under contract within about 44 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 Western Highlands?

It depends which side you are on. With about 9.0 months of inventory, the Western Highlands neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 44 days to sell — sellers need to price sharply to stand out.

What is the best time of year to sell a home in Western Highlands?

Across the past two years, sales activity in the Western Highlands neighbourhood has been strongest in April and quietest in June. 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 Western Highlands?

As of the latest data there are 9 active home listings in the Western Highlands neighbourhood. Over the period, 18 new listings came to market and 8 sold, which is about 9.0 months of inventory at the current sales pace.

Do homes in Western Highlands sell for more than their assessed value?

The typical home in the Western Highlands neighbourhood sold at 101.1% of its BC-assessed value — about 1% 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.