Deep Cove Real Estate

Sheltered waterfront community with marina and ocean access

Deep Cove

North Saanich

Sheltered waterfront community with marina and ocean access
$2.02M
Median SOLD price
3 month
7
active now
53
avg. day on market
N/A
Yoy median price change
Explore all of
North Saanich

Deep Cove is a sheltered waterfront community on North Saanich's western shore, framed by the Saanich Inlet and a network of quiet rural roads. Deep Cove real estate includes everything from cottages to architect-designed waterfront homes, with the Deep Cove Marina, Deep Cove Chalet, and nearby Coles Bay Regional Park grounding the area's identity. Boating, kayaking, and forest walking trails are part of everyday life. There are 7 homes for sale at a median of $1.90M, with houses moving in 47 days and prices +33.1% year-over-year. Browse every Deep Cove listing below with sold data and live market stats. Explore the live Deep Cove market dashboard for 24-month price trends, inventory and days-on-market.

Deep Cove

Market Pulse

Live Data
$561
Avg Price per Sqft
Jun–Aug 2026
53
Avg. Days on Market
Jun–Aug 2026
106.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
93.4%
Avg. Sale-to-List Ratio
Below list · Jun–Aug 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 Deep Cove market is moving

Median sold prices in Deep Cove are up 33.3% compared with a year ago, and homes trade at a median of $739 per square foot. By property type, Deep Cove sees single-family homes around $1.90M, townhomes around $895K. Recently, 8% of sales closed above the asking price, with homes averaging 46 days on market. Sale prices have been running near 106% of BC Assessment value. Sales activity tends to peak around May and is quietest around November, a useful signal for timing a purchase or sale.

Questions about

Deep Cove

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

778.678.9815
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

Deep Cove

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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.

by property type

Deep Cove homes by type

Deep Cove Houses for Sale

7 for sale
median $1.90M · +33.1% YoY

Browse 7 Deep Cove houses for sale →Deep Cove houses sold prices & stats →
listings

Deep Cove homes for sale & sold prices

12 homes for sale in Deep Cove
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More North Saanich neighbourhoods

All North Saanich homes for sale →
questions & answers

Deep Cove real estate FAQ

Is Deep Cove a buyer's or seller's market right now?
Deep Cove is currently a seller's market with 3 months of inventory (MOI). There are 7 active listings and approximately 2 sales in the last 30 days, indicating low inventory favouring sellers. 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 Deep Cove?
The current median home price in Deep Cove is $1.90M. This is up 33.3% compared to the same period last year. This is based on 79 sales over the past 12 months.
How should I price my home in Deep Cove?
Homes in Deep Cove are currently selling at 96.0% of their list price, with an average of 46 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, 8% sold above list price and 82% sold below.
How long do homes take to sell in Deep Cove?
Homes in Deep Cove currently take an average of 46 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 Deep Cove?
The median price per square foot in Deep Cove is $739. This metric is useful for comparing value across different property sizes and types.
Are homes in Deep Cove selling above or below assessed value?
Homes in Deep Cove are selling at an average of 106.0% of their BC Assessment value (based on 4 recent sales). Homes are selling above their BC Assessment values, indicating the assessed values have not kept pace with market demand.
How many homes are selling in Deep Cove?
In the last 30 days, 2 homes sold in Deep Cove. Over the past 12 months, 79 properties have sold. There are currently 7 active listings on the market.
Are real estate sales increasing or decreasing in Deep Cove?
Sales volume in Deep Cove has been decreasing over the last 3 months: Jun 2026 (4 sales), Jul 2026 (1 sales), Aug 2026 (2 sales). Over the full 12-month period, there were 79 total sales.
How many homes, condos, and townhomes are for sale in Deep Cove?
There are currently 7 properties for sale in Deep Cove, including 7 single family homes. Listings are updated daily from the MLS® system.
What is the single family home market like in Deep Cove?
The median single family home price in Deep Cove is $1.90M (+33.1% year-over-year). The single family market is currently a seller's market with 3 months of inventory. Houses take an average of 47 days to sell. The median price per square foot is $743. Browse all 7 houses currently for sale in Deep Cove to see what is on the market.
What homes have recently sold in Deep Cove and for how much?
There have been 79 homes sold in Deep Cove over the past 12 months, with 2 selling in the last 30 days. The median sold price is $1.90M. Recent median sold prices: Jun 2026: $2.11M, Jul 2026: $1.55M, Aug 2026: $2.07M. Every sale is listed in the recently sold section on this page, with photos, sold prices, and days on market.
What houses have recently sold in Deep Cove?
78 houses have sold in Deep Cove over the past 12 months, with 2 selling in the last 30 days. The median sold price for houses is $1.90M (+33.1% year-over-year). Recent median prices: Jun 2026: $2.11M, Jul 2026: $1.55M, Aug 2026: $2.07M. Individual house sales are listed in the recently sold section on this page.
7 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate