06/13/2026
One of the most interesting things about this week's sales is how little assessed values are telling us about actual market value.
In the same week, we saw:
- A North Saanich property sell for $3,600,000 after more than 250 cumulative days on market.
- A Saanich home requiring significant work sell for $580,000 about 13% below assessment after four price reductions.
- A half duplex in Fernwood sell for $698,000, nearly 12% below assessment.
- An Oak Bay townhome sell for $1,250,000, almost 10% above assessment.
The common theme? There isn't one market right now.
Some properties are taking months and multiple price reductions to find a buyer. Others are still generating strong demand and selling above assessed value.
With 372 new listings, 170 pending sales, and nearly 200 price reductions in Greater Victoria this week alone, buyers have more choice than they've had in quite some time.
The opportunities are there but knowing where to look is becoming more important than ever.
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