Westshore residential real estate market — Jun 2026

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

As of the latest data, Westshore is a balanced market. There are about 6.3 months of inventory — 4 to 7 months is considered balanced. Around 15.3% of homes sold above asking, and the typical sale closed at 98.4% of list price.

How much does a home cost in Westshore?

The median sold price for a home in the Westshore region is $820K, down 0.3% from a year ago. The average sold price is $892K. That works out to roughly $490 per square foot.

Are homes in Westshore selling over asking?

15.3% of homes that sold in the Westshore region closed above their list price. The typical home sold at 98.4% of asking — just under list. Among the homes that sold over asking, the median premium was +$22.4k over asking.

How long do homes take to sell in Westshore?

Half of the homes that sold in the Westshore region went under contract within about 35 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Westshore?

Median sold prices in the Westshore region are down 0.3% year over year, at $820K. Currently 18.1% 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 Westshore?

It depends which side you are on. With about 6.3 months of inventory, the Westshore region is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 35 days to sell, so both sides have room to negotiate on price and terms.

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

Across the past two years, sales activity in the Westshore region has been strongest in June 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 homes are for sale in Westshore?

As of the latest data there are 931 active home listings in the Westshore region. Over the period, 3,980 new listings came to market and 1,713 sold, which is about 6.3 months of inventory at the current sales pace.

Do homes in Westshore sell for more than their assessed value?

The typical home in the Westshore region sold at 100.5% of its BC-assessed value — right around its assessed value. 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.