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Royal Bay Real Estate

Colwood's newest oceanfront community with shops, schools, and beaches

Royal Bay

Colwood

Colwood's newest oceanfront community with shops, schools, and beaches
$864K
Median SOLD price
3 month
41
active now
65
avg. day on market
-11.0%
Yoy median price change
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Royal Bay is Colwood's newest oceanfront community, where shops, schools, and beaches share the same masterplan along the Strait of Juan de Fuca. Royal Bay real estate ranges from new-build single-family homes on tree-lined streets to townhomes and low-rise condos surrounding the Commons retail village in Colwood. Latoria Walk, the seawall trail above the bluffs, and Royal Bay Secondary anchor daily life. There are 12 homes for sale at a median of $1.30M. Detached homes sell in 48 days, with prices +5.0% year-over-year. Condo inventory sits at 10 with a median of $663K. Browse every Royal Bay listing below with sold data and live market stats. Explore the live Royal Bay market dashboard for 24-month price trends, inventory and days-on-market.

Royal Bay

Market Pulse

Live Data
$529
Avg Price per Sqft
-7.1% YoY · Jun–Aug 2026
65
Avg. Days on Market
+40.2% YoY · Jun–Aug 2026
100.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
97.9%
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 Royal Bay market is moving

Median sold prices in Royal Bay are down 1.4% compared with a year ago, and homes trade at a median of $572 per square foot. By property type, Royal Bay sees single-family homes around $1.30M, condos around $663K, townhomes around $790K. Recently, 37% of sales closed above the asking price, with homes averaging 51 days on market. Sale prices have been running near 100% of BC Assessment value. Sales activity tends to peak around May and is quietest around January, a useful signal for timing a purchase or sale.

Questions about

Royal Bay

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

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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

Royal Bay

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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

Royal Bay homes by type

Royal Bay Houses for Sale

12 for sale
median $1.30M · +5.0% YoY

Browse 12 Royal Bay houses for sale →Royal Bay houses sold prices & stats →

Royal Bay Condos for Sale

10 for sale
median $663K

Browse 10 Royal Bay condos for sale →Royal Bay condos sold prices & stats →

Royal Bay Townhomes for Sale

19 for sale
median $790K · +1.6% YoY

Browse 19 Royal Bay townhomes for sale →Royal Bay townhomes sold prices & stats →
listings

Royal Bay homes for sale & sold prices

12 homes for sale in Royal Bay
explore

More Colwood neighbourhoods

Colwood CornersHatley ParkLagoonLatoriaOlympic View, ColwoodRoyal RoadsSun RidgeTriangleWishart North, Colwood
All Colwood homes for sale →
questions & answers

Royal Bay real estate FAQ

Is Royal Bay a buyer's or seller's market right now?
Royal Bay is currently a seller's market with 3.2 months of inventory (MOI). There are 41 active listings and approximately 6 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 Royal Bay?
The current median home price in Royal Bay is $945K. This is down 1.4% compared to the same period last year. This is based on 317 sales over the past 12 months.
How should I price my home in Royal Bay?
Homes in Royal Bay are currently selling at 100.2% of their list price, with an average of 51 days on market. Homes are selling at or above asking price, suggesting strong demand. Competitive pricing may attract multiple offers. Of recent sales, 37% sold above list price and 40% sold below.
How long do homes take to sell in Royal Bay?
Homes in Royal Bay currently take an average of 51 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 Royal Bay?
The median price per square foot in Royal Bay is $572. This metric is useful for comparing value across different property sizes and types.
Are homes in Royal Bay selling above or below assessed value?
Homes in Royal Bay are selling at an average of 100.0% of their BC Assessment value (based on 15 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.
How many homes are selling in Royal Bay?
In the last 30 days, 6 homes sold in Royal Bay. Over the past 12 months, 317 properties have sold. There are currently 41 active listings on the market.
Are real estate sales increasing or decreasing in Royal Bay?
Sales volume in Royal Bay has been decreasing over the last 3 months: Jun 2026 (17 sales), Jul 2026 (15 sales), Aug 2026 (6 sales). Over the full 12-month period, there were 317 total sales.
How many homes, condos, and townhomes are for sale in Royal Bay?
There are currently 41 properties for sale in Royal Bay, including 12 single family homes, 10 condos, 19 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Royal Bay?
The median single family home price in Royal Bay is $1.30M (+5.0% year-over-year). The single family market is currently a seller's market with 2.6 months of inventory. Houses take an average of 48 days to sell. The median price per square foot is $498. Browse all 12 houses currently for sale in Royal Bay to see what is on the market.
What is the condo market like in Royal Bay?
The median condo price in Royal Bay is $663K. The condo market is currently a buyer's market with 7.5 months of inventory. Condos take an average of 40 days to sell. The median price per square foot for condos is $789. There were 58 condo sales in the past 12 months. There are 10 condos for sale in Royal Bay right now.
What is the townhome market like in Royal Bay?
The median townhome price in Royal Bay is $790K (+1.6% year-over-year). The townhome market is currently a seller's market with 2.9 months of inventory. Townhomes take an average of 58 days to sell. The median price per square foot is $549. There were 128 townhome sales in the past 12 months. See the 19 townhomes for sale in Royal Bay on the market today.
What homes have recently sold in Royal Bay and for how much?
There have been 317 homes sold in Royal Bay over the past 12 months, with 6 selling in the last 30 days. The median sold price is $945K. Recent median sold prices: Jun 2026: $919K, Jul 2026: $800K, Aug 2026: $866K. 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 Royal Bay?
131 houses have sold in Royal Bay over the past 12 months, with 1 selling in the last 30 days. The median sold price for houses is $1.30M (+5.0% year-over-year). Recent median prices: Jun 2026: $1.31M, Jul 2026: $1.35M, Aug 2026: $1.45M. Individual house sales are listed in the recently sold section on this page.
What condos have recently sold in Royal Bay?
58 condos have sold in Royal Bay over the past 12 months, with 2 selling in the last 30 days. The median sold price for condos is $663K. Recent median prices: Jun 2026: $517K, Jul 2026: $566K. Individual condo sales are listed in the recently sold section on this page.
What townhomes have recently sold in Royal Bay?
128 townhomes have sold in Royal Bay over the past 12 months, with 5 selling in the last 30 days. The median sold price for townhomes is $790K (+1.6% year-over-year). Recent median prices: Jun 2026: $787K, Jul 2026: $730K, Aug 2026: $735K. Individual townhome sales are listed in the recently sold section on this page.
41 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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