Cadboro Bay Real Estate

Seaside living near UVic with sandy beaches and ocean views

Cadboro Bay

Saanich

Seaside living near UVic with sandy beaches and ocean views
$1.58M
Median SOLD price
3 month
12
active now
46
avg. day on market
N/A
Yoy median price change
Explore all of
Saanich
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Cadboro Bay offers seaside living near UVic with sandy beaches and ocean views from a coastal pocket on Saanich's eastern edge. The 1.5 km beach and playground at Gyro Park, the small Cadboro Bay Village shops, and the Royal Victoria Yacht Club anchor daily life. Cadboro Bay real estate is dominated by single-family homes, including older character properties and view-oriented rebuilds, with townhomes and a few low-rise condos near the village core. There are 7 homes for sale at a median of $1.74M. Houses move in 44 days, with prices — year-over-year. Browse every Cadboro Bay listing below with sold data and live market stats. Explore the live Cadboro Bay market dashboard for 24-month price trends, inventory and days-on-market.

Cadboro Bay

Market Pulse

Live Data
$759
Avg Price per Sqft
May–Jul 2026
46
Avg. Days on Market
May–Jul 2026
107.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
93.0%
Avg. Sale-to-List Ratio
Below list · May–Jul 2026

Months of Inventory (MOI)

The time it would take to sell all current listings at the current sales pace. Responsive to filters.

— MOI
Seller's (< 4) Balanced (4-6) Buyer's (> 6)
Current Status
—
From live data
Sales Volume 12 months
22 Sales · Apr 2025
Monthly Sales Trend
12-month rolling · Updated live
22 Sales · Apr 2025
Median Sale Price 12 months
$1.2M Median · Apr 2025
Median Price Trend
12-month rolling · Updated live
$1.2M Median · Apr 2025
market analysis

How the Cadboro Bay market is moving

Homes in Cadboro Bay trade at a median of $765 per square foot. By property type, Cadboro Bay sees single-family homes around $1.74M, condos around $725K, townhomes around $1.54M. Recently, 22% of sales closed above the asking price, with homes averaging 42 days on market. Sale prices have been running near 107% of BC Assessment value. Sales activity tends to peak around September and is quietest around August, a useful signal for timing a purchase or sale.

Questions about

Cadboro Bay

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Get the inside scoop on off-market listings and upcoming inventory from our local specialist.

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DUSTIN MILLER
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on the market

Active Listings

Browse current properties for sale in this municipality

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

transaction history

Recently Sold in

Cadboro Bay

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

the neighbourhood

Living in Cadboro Bay

Character & setting

Cadboro Bay is a seaside village neighbourhood in Saanich East, wrapped around the sheltered beach and lawns of Gyro Park and just minutes from the University of Victoria. It has a relaxed, coastal-village atmosphere that residents prize.

Homes & housing stock

Homes range from mid-century and updated family houses to substantial waterfront and view properties, on leafy lots near the beach. It is an established, sought-after area that holds its appeal across market cycles.

Lifestyle & amenities

Gyro Park beach, the small Cadboro Bay Village shops and easy access to UVic and Mount Tolmie define the lifestyle, outdoor, family-friendly and walkable to the water. It suits buyers wanting a beach-village feel close to campus and Oak Bay.

Buying & selling in Cadboro Bay

Waterfront and view homes are the marquee segment and trade individually, while family homes near the village and UVic are steadily in demand. Use the live Cadboro Bay data above for current conditions and recent sales.

by property type

Cadboro Bay homes by type

Cadboro Bay Condos for Sale

1 for sale
median $725K

Cadboro Bay condos sold prices & stats →

Cadboro Bay Townhomes for Sale

2 for sale
median $1.54M

Cadboro Bay townhomes sold prices & stats →
listings

Cadboro Bay homes for sale

12 homes for sale in Cadboro Bay
explore

More Saanich neighbourhoods

All Saanich homes for sale →
questions & answers

Cadboro Bay real estate FAQ

What is Cadboro Bay like?
Cadboro Bay is a relaxed seaside village neighbourhood in Saanich East, centred on Gyro Park beach and close to the University of Victoria, with a mix of family homes and sought-after waterfront and view properties.
Is Cadboro Bay a buyer's or seller's market right now?
Cadboro Bay is currently a balanced market with 5.1 months of inventory (MOI). There are 12 active listings and approximately — sales in the last 30 days, indicating stable conditions with moderate inventory. A MOI below 4 indicates a seller's market, 4–6 is balanced, and above 6 is a buyer's market.
What is the median home price in Cadboro Bay?
The current median home price in Cadboro Bay is $1.59M. This is based on 65 sales over the past 12 months.
How should I price my home in Cadboro Bay?
Homes in Cadboro Bay are currently selling at 97.2% of their list price, with an average of 42 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 22% sold above list price and 66% sold below.
How long do homes take to sell in Cadboro Bay?
Homes in Cadboro Bay currently take an average of 42 days to sell, which is at a slower pace, giving buyers more time to negotiate. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in Cadboro Bay?
The median price per square foot in Cadboro Bay is $765. This metric is useful for comparing value across different property sizes and types.
Are homes in Cadboro Bay selling above or below assessed value?
Homes in Cadboro Bay are selling at an average of 107.0% of their BC Assessment value (based on 5 recent sales). Homes are selling above their BC Assessment values, indicating the assessed values have not kept pace with market demand.
Are real estate sales increasing or decreasing in Cadboro Bay?
Sales volume in Cadboro Bay has been decreasing over the last 3 months: Jun 2026 (4 sales), Jul 2026 (3 sales), Aug 2026 (0 sales). Over the full 12-month period, there were 65 total sales.
How many homes, condos, and townhomes are for sale in Cadboro Bay?
There are currently 12 properties for sale in Cadboro Bay, including 7 single family homes, 1 condos, 2 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Cadboro Bay?
The median single family home price in Cadboro Bay is $1.74M. The single family market is currently a balanced market with 4.2 months of inventory. Houses take an average of 44 days to sell. The median price per square foot is $750. Browse all 7 houses currently for sale in Cadboro Bay to see what is on the market.
What houses have recently sold in Cadboro Bay?
50 houses have sold in Cadboro Bay over the past 12 months. The median sold price for houses is $1.74M. Recent median prices: Jun 2026: $1.90M, Jul 2026: $1.65M. Individual house sales are listed in the recently sold section on this page.
12 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate