March 2019 Oak Bay Real Estate Statistics

As of March 31st, 2019 there were 2 new completed sales in Oak Bay. Average Sales price of the 2 was $1,856,500.00 at 126 Days on market and 13% above assessed value. There were 10 other properties unconditional but yet to close with an average sale price of $1,350,838.00 and 3% above assessed value. Total average of all sales transactions was $1,435,115.00 and 55 days on the market and 2606 square foot average of homes. compared to February at $1,425,615.00 and 20 days on market and 2623 square foot average per home.

ESTEVAN
-No sales in Estevan
-There were 6 homes available for purchase in the Estevan area at the end of March ranging from $965,000.00 to $2,499,000.00. Average list price of the 6 was $1,592,666.00 and 63 average days on market. Average list to assessed ratio is 25% above assessed value.

GONZALES
-No sales in Gonzales
-There were 6 active listings in the Gonzales area at the end of March ranging in prices from $1,675,000.00 to $2,198,000.00 and an average list price of $1,935,333.00. 97 average days on market with 46 King George Terrace dragging that average up at 320 days on market. Without King George the average days on market is 53. Average list price to assessed value ratio is 1% below assessed value.

HENDERSON
-No sales in Henderson but 2 unconditional sales-Average Price-$859,941.00-118 Days on market-average sales price was 5% over assessed value.
-There were 10 homes available for purchase in the Henderson area at the end of March ranging from $999,000.00 to $2,299,999.00. Average list price of the 10 was $1,374,399.00 and 43 average days on market. Average list price to assessed value ratio is 5% above assessed value and the 2 unconditional sales were 5% above assessed value.  

NORTH OAK BAY
-No sales in North Oak Bay
-There were 4 homes available for purchase in the North Oak Bay area at the end of March ranging from $1,789,000.00 to $5,595,000.00. Average list price of the 4 were $2,928,475.00 and 79 average days on market. Average list price to assessed value ratio is 17% above assessed value.

SOUTH OAK BAY
-1 sale in South Oak Bay-Price-$1,888,000.00- 43 Days on market-sold 9% over assessed value. There were 8 unconditional sales with an average sales price of $1,473,562.00 and sold on an average of 3% over assessed value.
-There were 26 homes available for purchase in the South Oak Bay area at the end of March ranging from $900,000.00 to $3,000000.00. Average list price of the 26 was $1,768,519.00 and 44 average days on market. Average list price to assessed value ratio is 9% above assessed value. 

UPLANDS
-1 sale in the Uplands-Price-$1,825,000,00-36 Days on market-average 9% above assessed value.
-There were 14 Uplands homes currently listed at the end of March with an average price of $3,979,214.00-average days on market of 52 and average list to assessed value of 30% above assessed value. Actual list price to assessed value removing two anomalies* is 9%.

*There are 2 homes (pre-construction) listed for sale in Uplands at $5 million dollars. There has only ever been one non-waterfront sale in greater Victoria for a single-family home. These two homes drag the average list to assessed value ratio up by 21%. 

There are currently 66 Available homes in Oak Bay 3 are Waterfront and two waterfront lots. They range from $900,000.00 on Orchard to $13,888,000.00 on Humber Road. 

There are 4 Townhomes available from $875,000.00 to $1,095,000.00.

There are 16 Condominiums available from $299,000.00 to $2,780,000.00.

Please contact us for more detailed information anytime.