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Oak Bay

Why you'd want to live in Oak Bay

We are a picture perfect, welcoming pocket of Victoria known for its spectacular seaside, vibrant villages, tree lined boulevards and exquisite Edwardian architecture. Unhurried and tranquil, Oak Bay is the perfect place to relax and explore at your own pace. via oakbaytourism.com

Oak Bay Market Report

$2,533,281

AVERAGE PRICE OF 81 HOMES

$3,092,605

AVERAGE PRICE OF 63 MULTI-MILLION DOLLAR HOMES

$4,492,557

AVERAGE PRICE OF 7 NEWLY BUILT HOMES

$1,966,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

$1,112,000

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $2,533,281
Avg Bedrooms 3.48 beds
Avg Bathrooms 3.12 baths

Average Price by Bedrooms

1 bedroom $461,300
2 bedrooms $968,651
3 bedrooms $2,080,711
4 bedrooms $2,432,360
5 bedrooms $3,682,308
Oak Bay Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 93 94 97 95 87
Average Price $2,540,254 $2,787,795 $2,997,195 $3,059,270 $3,092,626
Avg Price Change -9.74% -7.51% -2.07% -1.09% +5.34%
Median Price $1,966,517 $2,174,350 $2,421,150 $2,532,200 $2,711,317
Med Price Change -10.57% -11.35% -4.59% -7.07% +15.67%
Avg Bedrooms 3.43 beds 3.71 beds 3.84 beds 3.84 beds 3.69 beds
Avg Bathrooms 3.09 baths 3.41 baths 3.56 baths 3.59 baths 3.59 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 81 $2,533,281 56 days
Multi-Million Dollar Homes 63 $3,092,605 57 days
Newly Built Homes 7 $4,492,557 57 days
Homes with a Pool 2 $1,966,000 62 days
Reduced Price Homes 2 $1,112,000 153 days

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