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Sunday, August 2, 2020
17.6 C
Victoria

Esquimalt

residential

Just 4km west of Victoria the township of Esquimalt offers varied residential neighbourhoods. It’s 17,000 residents enjoy amenities including beautiful parks and beaches, scenic waterfront walkways, and modern recreational facilities. Esquimalt is home to the Canadian Forces Base Naval Fleet and Department of National Defense making it a key economic driver of the region. 

Take a look at residential real estate sales

Interactive Sold Map

Map of VREB MLS® sales of detached single family homes for  2019. Clickon Google map viewer below to change layers for previous years.  For more information on any particular transaction, please contact Dustin Miller.

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Current Esquimalt Stats

Updated July 1, 2020 🇨🇦

$840,200
Single Family Home

Average sold home price Esquimalt.

0%
Sales Volume Increase

Compared to same month last year.

16
Active Listings

Single Family Detached, Victoria MLS®

Other neighbourhoods

RECORD: Avg. Sale Price Exceeds $1M+

We ended in remarkable positive territory, that nobody was predicting would happen so soon.

808 properties sold in June, which was 9.2% higher than the 740 sold in June of 2019!!

What’s even more astounding is that the average single family home prices reached an all time high of ~$1,015,000. It’s the first time we broke the $1M mark for single family homes in Greater Victoria, while the median price hovers around $865,000.

A total of 23 single-family homes sold last month for more than $2 million each. Of those, six were more than $3 million.

Unfortunately, if you’re a buyer in the 650 – 850 range, you are almost guaranteed to be in a multiple offer situation and have to give clean offers. Patience and discipline is required if you’re a buyer.

Additionally, CMHC announced some changes to their qualification ratios for insured mortgages. I made another video on this topic which you can watch by clicking here.

Make your next move

List of all residential sales

Knowledge is power. Search, browse, download, filter, and analyze the raw data.

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