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Sunday, August 2, 2020
17.6 C
Victoria

Slide REAL ESTATE OAK BAY
SINGLE FAMILY
TRANSACTIONS
Oak Bay is globally renowned for its executive estate homes on wide streets often featuring dramatic coast lines, sandy beaches, and endless views of Juan de Fuca Strait.

The shopping villages of Oak Bay Avenue, Estevan and Cadboro Bay are reminiscent of the British high streets of days gone by. Find your space for home or business.
LOOKING TO BUY? VIEW PROPERTIES
OAK BAY
SINGLE FAMILY
TRANSACTIONS
Oak Bay is globally renowned for its executive estate homes on wide streets often featuring dramatic coast lines, sandy beaches, and endless views of Juan de Fuca Strait.

The shopping villages of Oak Bay Avenue, Estevan and Cadboro Bay are reminiscent of the British high streets of days gone by. Find your space for home or business.
LOOKING TO BUY? VIEW PROPERTIES
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OAK BAY

Interactive Sold Map

Map of VREB MLS® sales of detached single family homes for 

2020 sales

2019 sales

 Clickon Google map viewer below to change layers for previous years.  For more information on any particular transaction, please contact Dustin Miller

Area expert

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Other neighbourhoods

Current Oak Bay Stats

Updated July 1, 2020

$1,528,500
Single Family Home

Average sold price for Oak Bay.

0%
Sales Volume Increase

Compared to same time last year.

79
Current Inventory

Active listings, single family detached.

Record # of luxury sales in June

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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