Lagoon Real Estate

Waterfront living overlooking Esquimalt Lagoon and the Olympic Mountains

Lagoon

Colwood

Waterfront living overlooking Esquimalt Lagoon and the Olympic Mountains
$940K
Median SOLD price
3 month
5
active now
28
avg. day on market
N/A
Yoy median price change
Explore all of
Colwood

Lagoon is a waterfront pocket of Colwood overlooking Esquimalt Lagoon and the Olympic Mountains across the strait. Lagoon real estate includes a mix of mid-century bungalows, custom waterfront builds, and a handful of newer infill homes. The migratory bird sanctuary, Coburg Peninsula causeway, and easy access to Fisgard Lighthouse and Royal Roads University define the setting in Colwood. There are 1 homes for sale at a median of $1.28M. Detached homes move in 43 days, with prices year-over-year. Browse every Lagoon listing below with sold data and live market stats. Explore the live Lagoon market dashboard for 24-month price trends, inventory and days-on-market.

Lagoon

Market Pulse

Live Data
$603
Avg Price per Sqft
Jun–Aug 2026
28
Avg. Days on Market
Jun–Aug 2026
108.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
98.9%
Avg. Sale-to-List Ratio
High demand · 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 Lagoon market is moving

Homes in Lagoon trade at a median of $526 per square foot. By property type, Lagoon sees single-family homes around $1.28M, condos around $709K. Recently, 10% of sales closed above the asking price, with homes averaging 48 days on market. Sale prices have been running near 108% of BC Assessment value. Sales activity tends to peak around October and is quietest around December, a useful signal for timing a purchase or sale.

Questions about

Lagoon

?

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

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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

Lagoon

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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

Lagoon homes by type

Lagoon Houses for Sale

1 for sale
median $1.28M

Lagoon houses sold prices & stats →
listings

Lagoon homes for sale & sold prices

9 homes for sale in Lagoon
explore

More Colwood neighbourhoods

All Colwood homes for sale →
questions & answers

Lagoon real estate FAQ

Is Lagoon a buyer's or seller's market right now?
Lagoon is currently a seller's market with 3 months of inventory (MOI). There are 5 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 Lagoon?
The current median home price in Lagoon is $1.08M. This is based on 49 sales over the past 12 months.
How should I price my home in Lagoon?
Homes in Lagoon are currently selling at 98.1% of their list price, with an average of 48 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 10% sold above list price and 78% sold below.
How long do homes take to sell in Lagoon?
Homes in Lagoon currently take an average of 48 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 Lagoon?
The median price per square foot in Lagoon is $526. This metric is useful for comparing value across different property sizes and types.
Are homes in Lagoon selling above or below assessed value?
Homes in Lagoon are selling at an average of 108.0% of their BC Assessment value (based on 3 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 Lagoon?
In the last 30 days, 2 homes sold in Lagoon. Over the past 12 months, 49 properties have sold. There are currently 5 active listings on the market.
Are real estate sales increasing or decreasing in Lagoon?
Sales volume in Lagoon has been stable over the last 3 months: Jun 2026 (2 sales), Jul 2026 (1 sales), Aug 2026 (2 sales). Over the full 12-month period, there were 49 total sales.
How many homes, condos, and townhomes are for sale in Lagoon?
There are currently 5 properties for sale in Lagoon, including 1 single family homes, 3 condos. Listings are updated daily from the MLS® system.
What is the single family home market like in Lagoon?
The median single family home price in Lagoon is $1.28M. The single family market is currently a seller's market with 1.5 months of inventory. Houses take an average of 43 days to sell. The median price per square foot is $465.
What is the condo market like in Lagoon?
The median condo price in Lagoon is $709K. The condo market is currently a seller's market with 3 months of inventory. Condos take an average of 56 days to sell. The median price per square foot for condos is $628. There were 18 condo sales in the past 12 months. There are 3 condos for sale in Lagoon right now.
What homes have recently sold in Lagoon and for how much?
There have been 49 homes sold in Lagoon over the past 12 months, with 2 selling in the last 30 days. The median sold price is $1.08M. Recent median sold prices: Jun 2026: $660K, Jul 2026: $678K, Aug 2026: $1.35M. 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 Lagoon?
30 houses have sold in Lagoon over the past 12 months, with 2 selling in the last 30 days. The median sold price for houses is $1.28M. Recent median prices: Aug 2026: $1.35M. Individual house sales are listed in the recently sold section on this page.
What condos have recently sold in Lagoon?
18 condos have sold in Lagoon over the past 12 months, with 1 selling in the last 30 days. The median sold price for condos is $709K. Recent median prices: Jun 2026: $660K, Jul 2026: $678K. Individual condo sales are listed in the recently sold section on this page.
5 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate