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Monday, September 28, 2020
19 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
FOLLOW US +FACEBOOK +TWITTER +YOUTUBE +INSTAGRAM 2020, 8X VENTURES INC.
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

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Slide Neighbourhoods Gonzales Estevan Uplands Henderson South Oak Bay North Oak Bay removeWhere will your Oak Bay be? With so many pockets of beauty and styles, there's an area suited for everyone.

Current Oak Bay Stats

Updated Aug 15, 2020

$1,033,700
Single Family Home

Average sold price Greater Victoria

+23.4%
Sales Volume Increase SFD

Compared to the same time last year.

2,653
Available Inventory

As of Aug 4, 2020.
All property types.

Unseasonably Busy! Record Highs

Sales activity was up 48% compared to last year! A total of 979 properties sold during the month, the exact same of July which was also unseasonably high. It’s clear that pent up demand from the lockdown months of March, April, and May are creating this strong market buzz. Approx 450 single family homes, 250 condos, and 150 townhomes sold in August.

Those looking to purchase a single family home are going to have the most struggles. I continue to face multiple offer situations, on nearly every home, even if they aren’t the most desirable. One in four single homes sold for over asking price. The median sales price hit an all-time high of $880,000 last month, up about 13.0% from last year. While the average home sale is sitting right at $1 million.

Condo pricing is a completely different story. Only about 1/20 condos go for over asking price. Prices have been flat all year. The median condo is going for $425,000 and the average at around $481,000.

Make your next move

Search Oak Bay single family home sales

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

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. 

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