Peninsula residential real estate market — Jun 2026

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

As of the latest data, Peninsula is a seller's market. There are about 2.9 months of inventory — under 4 months typically favours sellers. Around 18.9% of townhomes sold above asking, and the typical sale closed at 98.8% of list price.

How much does a townhome cost in Peninsula?

The median sold price for a townhome in the Peninsula region is $819K, up 3.5% from a year ago. The average sold price is $854K. That works out to roughly $591 per square foot.

Are townhomes in Peninsula selling over asking?

18.9% of townhomes that sold in the Peninsula region closed above their list price. The typical home sold at 98.8% of asking — just under list. Among the homes that sold over asking, the median premium was +$10.1k over asking.

How long do townhomes take to sell in Peninsula?

Half of the townhomes that sold in the Peninsula region went under contract within about 22 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Peninsula?

Median sold prices in the Peninsula region are up 3.5% year over year, at $819K. Currently 16.5% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

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

It depends which side you are on. With about 2.9 months of inventory, the Peninsula region favours sellers. Sellers have leverage, with townhomes moving in around 22 days and 18.9% 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 Peninsula?

Across the past two years, sales activity in the Peninsula region has been strongest in September 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 Peninsula?

As of the latest data there are 30 active townhome listings in the Peninsula region. Over the period, 193 new listings came to market and 108 sold, which is about 2.9 months of inventory at the current sales pace.

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

The typical home in the Peninsula region sold at 105.1% of its BC-assessed value — about 5% 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.