Cordova Bay Real Estate

Coveted coastal community with beach access and a village atmosphere

Cordova Bay

Saanich

Coveted coastal community with beach access and a village atmosphere
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Median price
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active listings
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avg. day on market
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Yoy median price change
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Saanich

Cordova Bay is a coveted coastal community in Saanich with beach access and a village atmosphere centred on the small commercial cluster at Cordova Bay Road. The long pebble beach, Mattick's Farm market and golf-course village, and the trail network through Mount Douglas Park shape weekends here. Cordova Bay real estate spans waterfront character homes, hillside view properties, and newer master-planned pockets like Sayward Hill, where condos and townhomes add variety. There are 45 homes for sale at a median of $1.61M. Houses move in 41 days, with prices +7.8% year-over-year. Browse every Cordova Bay listing below with sold data and live market stats. Explore the live Cordova Bay market dashboard for 24-month price trends, inventory and days-on-market.

Cordova Bay

Market Pulse

Live Data
Avg Price per Sqft
Avg. Days on Market
Avg. Sale-to-Assessed Ratio
Avg. Sale-to-List Ratio

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 Cordova Bay market is moving

Median sold prices in Cordova Bay are up 4.4% compared with a year ago, and homes trade at a median of $692 per square foot. By property type, Cordova Bay sees single-family homes around $1.61M, condos around $1.07M, townhomes around $1.20M. Recently, 23% of sales closed above the asking price, with homes averaging 56 days on market. Sale prices have been running near 102% of BC Assessment value. Sales activity tends to peak around February and is quietest around August, a useful signal for timing a purchase or sale.

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Cordova Bay

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on the market

Active Listings

Browse current properties for sale in this municipality

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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.

transaction history

Recently Sold in

Cordova 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 Cordova Bay

Character & setting

Cordova Bay is a coastal, semi-rural neighbourhood along Saanich's eastern shoreline, known for its long beach, golf course and the shops and gardens of Mattick's Farm. It offers a tranquil, nature-close lifestyle within reach of the city.

Homes & housing stock

The area features comfortable family homes, view and waterfront properties and newer executive builds on larger, greener lots. It attracts families and downsizers seeking space, privacy and proximity to the beach.

Lifestyle & amenities

Cordova Bay Beach, Mattick's Farm, Cordova Bay Golf Course and nearby Elk/Beaver Lake anchor an outdoor lifestyle, with shopping at Royal Oak and Broadmead a short drive away. It suits buyers wanting a seaside, semi-rural feel with city access.

Buying & selling in Cordova Bay

Waterfront and view homes are the standout segment and price individually, while family homes near Mattick's Farm see steady interest. See the live Cordova Bay data above for current medians and recent sales.

by property type

Cordova Bay homes by type

Cordova Bay Houses for Sale

45 for sale
median $1.61M · +7.8% YoY

Cordova Bay houses sold prices & stats →

Cordova Bay Condos for Sale

23 for sale
median $1.07M · -9.5% YoY

Cordova Bay condos sold prices & stats →

Cordova Bay Townhomes for Sale

6 for sale
median $1.20M · +22.4% YoY

Cordova Bay townhomes sold prices & stats →
listings

Cordova Bay homes for sale & sold prices

The 10 most recent home sales in Cordova Bay had a median sold price of $1,302,500. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.

12 homes for sale in Cordova Bay
10 recent sales in Cordova Bay
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More Saanich neighbourhoods

All Saanich homes for sale →
questions & answers

Cordova Bay real estate FAQ

What is Cordova Bay like?
Cordova Bay is a coastal, semi-rural neighbourhood in Saanich known for its long beach, golf course and Mattick's Farm shops and gardens, with family homes plus sought-after view and waterfront properties on larger lots.
Is Cordova Bay a buyer's or seller's market right now?
Cordova Bay is currently a balanced market with 4.8 months of inventory (MOI). There are 76 active listings and approximately 16 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 Cordova Bay?
The current median home price in Cordova Bay is $1.53M. This is up 4.4% compared to the same period last year. This is based on 244 sales over the past 12 months.
How should I price my home in Cordova Bay?
Homes in Cordova Bay are currently selling at 96.3% of their list price, with an average of 56 days on market. Homes are selling below asking price, typical of a buyer's market. Pricing competitively from the start is important to avoid extended time on market. Of recent sales, 23% sold above list price and 70% sold below.
How long do homes take to sell in Cordova Bay?
Homes in Cordova Bay currently take an average of 56 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 Cordova Bay?
The median price per square foot in Cordova Bay is $692. This metric is useful for comparing value across different property sizes and types.
Are homes in Cordova Bay selling above or below assessed value?
Homes in Cordova Bay are selling at an average of 102.0% of their BC Assessment value (based on 36 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.
How many homes are selling in Cordova Bay?
In the last 30 days, 16 homes sold in Cordova Bay. Over the past 12 months, 244 properties have sold. There are currently 76 active listings on the market.
Are real estate sales increasing or decreasing in Cordova Bay?
Sales volume in Cordova Bay has been increasing over the last 3 months: Mar 2026 (15 sales), Apr 2026 (17 sales), May 2026 (16 sales). Over the full 12-month period, there were 244 total sales.
How many homes, condos, and townhomes are for sale in Cordova Bay?
There are currently 76 properties for sale in Cordova Bay, including 45 single family homes, 23 condos, 6 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Cordova Bay?
The median single family home price in Cordova Bay is $1.61M (+7.8% year-over-year). The single family market is currently a balanced market with 5.6 months of inventory. Houses take an average of 41 days to sell. The median price per square foot is $641.
What is the condo market like in Cordova Bay?
The median condo price in Cordova Bay is $1.07M (-9.5% year-over-year). The condo market is currently a seller's market with 3.8 months of inventory. Condos take an average of 95 days to sell. The median price per square foot for condos is $828. There were 64 condo sales in the past 12 months.
What is the townhome market like in Cordova Bay?
The median townhome price in Cordova Bay is $1.20M (+22.4% year-over-year). The townhome market is currently a seller's market with 3 months of inventory. Townhomes take an average of 46 days to sell. The median price per square foot is $656. There were 19 townhome sales in the past 12 months.
What homes have recently sold in Cordova Bay and for how much?
There have been 244 homes sold in Cordova Bay over the past 12 months, with 16 selling in the last 30 days. The median sold price is $1.53M. Recent median sold prices: Mar 2026: $1.62M, Apr 2026: $1.28M, May 2026: $1.25M. View all recently sold properties in Cordova Bay with photos, sold prices, and days on market on the 8X Real Estate Cordova Bay page.
What houses have recently sold in Cordova Bay?
159 houses have sold in Cordova Bay over the past 12 months, with 8 selling in the last 30 days. The median sold price for houses is $1.61M (+7.8% year-over-year). Recent median prices: Mar 2026: $1.63M, Apr 2026: $1.49M, May 2026: $1.47M.
What condos have recently sold in Cordova Bay?
64 condos have sold in Cordova Bay over the past 12 months, with 7 selling in the last 30 days. The median sold price for condos is $1.07M (-9.5% year-over-year). Recent median prices: Mar 2026: $1.68M, Apr 2026: $1.18M, May 2026: $832K.
What townhomes have recently sold in Cordova Bay?
19 townhomes have sold in Cordova Bay over the past 12 months, with 4 selling in the last 30 days. The median sold price for townhomes is $1.20M (+22.4% year-over-year). Recent median prices: Feb 2026: $1.33M, Apr 2026: $1.11M.
76 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate