Question 1

Is Gorge Vale a buyer's or seller's market right now?

Accepted Answer

Gorge Vale is currently a seller's market with 3.9 months of inventory (MOI). There are 9 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.

Question 2

What is the median home price in Gorge Vale?

Accepted Answer

The current median home price in Gorge Vale is $730K. This is based on 49 sales over the past 12 months.

Question 3

How should I price my home in Gorge Vale?

Accepted Answer

Homes in Gorge Vale are currently selling at 98.4% of their list price, with an average of 33 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 12% sold above list price and 76% sold below.

Question 4

How long do homes take to sell in Gorge Vale?

Accepted Answer

Homes in Gorge Vale currently take an average of 33 days to sell, which is at a moderate pace. Pricing, condition, and location all affect individual sale timelines.

Question 5

What is the price per square foot in Gorge Vale?

Accepted Answer

The median price per square foot in Gorge Vale is $572. This metric is useful for comparing value across different property sizes and types.

Question 6

Are homes in Gorge Vale selling above or below assessed value?

Accepted Answer

Homes in Gorge Vale are selling at an average of 104.0% 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.

Question 7

How many homes are selling in Gorge Vale?

Accepted Answer

In the last 30 days, 2 homes sold in Gorge Vale. Over the past 12 months, 49 properties have sold. There are currently 9 active listings on the market.

Question 8

Are real estate sales increasing or decreasing in Gorge Vale?

Accepted Answer

Sales volume in Gorge Vale has been decreasing over the last 3 months: May 2026 (3 sales), Jun 2026 (2 sales), Jul 2026 (2 sales). Over the full 12-month period, there were 49 total sales.

Question 9

How many homes, condos, and townhomes are for sale in Gorge Vale?

Accepted Answer

There are currently 9 properties for sale in Gorge Vale, including 3 single family homes, 4 condos, 1 townhomes. Listings are updated daily from the MLS® system.

Question 10

What is the single family home market like in Gorge Vale?

Accepted Answer

The median single family home price in Gorge Vale is $1.15M. The single family market is currently a seller's market with 3 months of inventory. Houses take an average of 31 days to sell. The median price per square foot is $641. Browse all 3 houses currently for sale in Gorge Vale to see what is on the market.

Question 11

What is the condo market like in Gorge Vale?

Accepted Answer

The median condo price in Gorge Vale is $645K. The condo market is currently a seller's market with 2.4 months of inventory. Condos take an average of 35 days to sell. The median price per square foot for condos is $599. There were 21 condo sales in the past 12 months. There are 4 condos for sale in Gorge Vale right now.

Question 12

What is the townhome market like in Gorge Vale?

Accepted Answer

The median townhome price in Gorge Vale is $785K. The townhome market is currently a seller's market with 1.5 months of inventory. Townhomes take an average of 30 days to sell. The median price per square foot is $496. There were 14 townhome sales in the past 12 months.

Question 13

What homes have recently sold in Gorge Vale and for how much?

Accepted Answer

There have been 49 homes sold in Gorge Vale over the past 12 months, with 2 selling in the last 30 days. The median sold price is $730K. Recent median sold prices: May 2026: $708K, Jun 2026: $798K, Jul 2026: $750K. Every sale is listed in the recently sold section on this page, with photos, sold prices, and days on market.

Question 14

What houses have recently sold in Gorge Vale?

Accepted Answer

11 houses have sold in Gorge Vale over the past 12 months, with 2 selling in the last 30 days. The median sold price for houses is $1.15M. Recent median prices: Mar 2026: $1.13M, Apr 2026: $1.10M. Individual house sales are listed in the recently sold section on this page.

Question 15

What condos have recently sold in Gorge Vale?

Accepted Answer

21 condos have sold in Gorge Vale over the past 12 months, with 1 selling in the last 30 days. The median sold price for condos is $645K. Recent median prices: May 2026: $708K, Jun 2026: $775K, Jul 2026: $681K. Individual condo sales are listed in the recently sold section on this page.

Question 16

What townhomes have recently sold in Gorge Vale?

Accepted Answer

14 townhomes have sold in Gorge Vale over the past 12 months, with 1 selling in the last 30 days. The median sold price for townhomes is $785K. Recent median prices: Jun 2026: $820K, Jul 2026: $819K. Individual townhome sales are listed in the recently sold section on this page.

Gorge Vale Real Estate

Gorge Vale

Market Pulse

Months of Inventory (MOI)

How the Gorge Vale market is moving

Questions about

Gorge Vale

?

Active Listings

Recently Sold in

Gorge Vale

Gorge Vale homes by type

Gorge Vale Houses for Sale

Gorge Vale Condos for Sale

Gorge Vale Townhomes for Sale

Gorge Vale homes for sale & sold prices

More Esquimalt neighbourhoods

Gorge Vale real estate FAQ