Waterfront living overlooking Esquimalt Lagoon and the Olympic Mountains
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 2 homes for sale at a median of $1.30M. Detached homes move in 44 days, with prices -6.1% 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.
Median sold prices in Lagoon are down 6.4% compared with a year ago, and homes trade at a median of $529 per square foot. By property type, Lagoon sees single-family homes around $1.30M, condos around $690K. Recently, 8% of sales closed above the asking price, with homes averaging 49 days on market. Sale prices have been running near 103% of BC Assessment value. Sales activity tends to peak around October and is quietest around July, a useful signal for timing a purchase or sale.
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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.
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 10 most recent home sales in Lagoon had a median sold price of $1,150,000. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.
