Question 1

Is Florence Lake a buyer's or seller's market right now?

Accepted Answer

Florence Lake is currently a balanced market with 6 months of inventory (MOI). There are 38 active listings and approximately 7 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.

Question 2

What is the median home price in Florence Lake?

Accepted Answer

The current median home price in Florence Lake is $604K. This is down 12.4% compared to the same period last year. This is based on 136 sales over the past 12 months.

Question 3

How should I price my home in Florence Lake?

Accepted Answer

Homes in Florence Lake are currently selling at 98.4% 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, 13% sold above list price and 75% sold below.

Question 4

How long do homes take to sell in Florence Lake?

Accepted Answer

Homes in Florence Lake 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.

Question 5

What is the price per square foot in Florence Lake?

Accepted Answer

The median price per square foot in Florence Lake is $549. This metric is useful for comparing value across different property sizes and types.

Question 6

Are homes in Florence Lake selling above or below assessed value?

Accepted Answer

Homes in Florence Lake are selling at an average of 98.0% of their BC Assessment value (based on 11 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.

Question 7

How many homes are selling in Florence Lake?

Accepted Answer

In the last 30 days, 7 homes sold in Florence Lake. Over the past 12 months, 136 properties have sold. There are currently 38 active listings on the market.

Question 8

Are real estate sales increasing or decreasing in Florence Lake?

Accepted Answer

Sales volume in Florence Lake has been decreasing over the last 3 months: Mar 2026 (8 sales), Apr 2026 (4 sales), May 2026 (7 sales). Over the full 12-month period, there were 136 total sales.

Question 9

How many homes, condos, and townhomes are for sale in Florence Lake?

Accepted Answer

There are currently 38 properties for sale in Florence Lake, including 10 single family homes, 28 condos. Listings are updated daily from the MLS® system.

Question 10

What is the single family home market like in Florence Lake?

Accepted Answer

The median single family home price in Florence Lake is $1.06M (+15.5% year-over-year). The single family market is currently a buyer's market with 7.5 months of inventory. Houses take an average of 32 days to sell. The median price per square foot is $476.

Question 11

What is the condo market like in Florence Lake?

Accepted Answer

The median condo price in Florence Lake is $536K (-25.9% year-over-year). The condo market is currently a buyer's market with 6.5 months of inventory. Condos take an average of 48 days to sell. The median price per square foot for condos is $598. There were 81 condo sales in the past 12 months.

Question 12

What is the townhome market like in Florence Lake?

Accepted Answer

The median townhome price in Florence Lake is $739K. Townhomes take an average of 41 days to sell. The median price per square foot is $479. There were 13 townhome sales in the past 12 months.

Question 13

What homes have recently sold in Florence Lake and for how much?

Accepted Answer

There have been 136 homes sold in Florence Lake over the past 12 months, with 7 selling in the last 30 days. The median sold price is $604K. Recent median sold prices: Mar 2026: $548K, Apr 2026: $607K, May 2026: $536K. View all recently sold properties in Florence Lake with photos, sold prices, and days on market on the 8X Real Estate Florence Lake page.

Question 14

What houses have recently sold in Florence Lake?

Accepted Answer

42 houses have sold in Florence Lake over the past 12 months, with 1 selling in the last 30 days. The median sold price for houses is $1.06M (+15.5% year-over-year). Recent median prices: Mar 2026: $897K, Apr 2026: $855K, May 2026: $1.27M.

Question 15

What condos have recently sold in Florence Lake?

Accepted Answer

81 condos have sold in Florence Lake over the past 12 months, with 4 selling in the last 30 days. The median sold price for condos is $536K (-25.9% year-over-year). Recent median prices: Mar 2026: $531K, Apr 2026: $524K, May 2026: $408K.

Question 16

What townhomes have recently sold in Florence Lake?

Accepted Answer

13 townhomes have sold in Florence Lake over the past 12 months, with 2 selling in the last 30 days. The median sold price for townhomes is $739K. Recent median prices: May 2026: $738K.

Florence Lake

Florence Lake

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