Homes for Sale in Cadboro Bay & Ten Mile Point
Sought after seaside properties in Saanich
2871 Sea View Rd
Saanich, British Columbia
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What makes Cadboro Bay & Ten Mile Point special?
For 8,000 years, Cadboro Bay was one of the villages of the Songhees Nation before moving to Victoria’s Inner Harbour. It was later renamed after the Hudson’s Bay Company’s European Vessel “Cadboro”, was the first of its kind to enter the Bay.
Ten Mile Point is the most easterly point on Vancouver Island and you will be hard pressed not to find the ocean if you walk in any direction for more than 10 minutes. It has many secret coves and beaches, one of which was infamous during prohibition. It was so infamous that the local pub is fittingly named after it (Smuggler’s Cove).
Location
The Eastern-most tip of the island has the best and most expansive sandy beach in the city. It is a quiet and private place to be, yet still just 15 minutes from downtown Victoria.
Community
Many of Caddy Bay and Ten Mile Point’s residents have lived and been a part of the community for decades. This stewardship means friendly neighbours and plenty of familiar faces.
The Village
Except on rare occasions, you could choose to never to set foot outside of Cadboro Bay Village. It has everything you need from groceries, to a good pint, to homewares, and everything in between.
Family Living and Retiree Bliss
I have a soft spot for the area, I grew up in the neighbourhood. But it is an amazing blend of indoor and outdoor living and community that you have to experience to understand.
Sales (past decade)
Sales 2M+ (past decade)
New Listings (Past Decade)
New Listings (2020)
RECENT HISTORY
These two neighbourhoods are not generally as active as others in Victoria’s core. A scarcity of active listings usually creates pressure on demand for homes in the area.
In the summer of 2020, a tremendous influx of buyer activity meant upward pressure on prices when inventory was failing to keep up. That climate of limited inventory and exceptional demand is even more representative of the story in 2021. Our inventory levels bottomed out at the end of July with only 1270 active listings on the Victoria Real Estate Board. The volume of sales has dropped partly because of this lack of supply but prices remain sky-high. Cadboro Bay’s average sale price in single family detached homes is $1,845,354 in 2021. The same metric for Ten Mile Point is $2,374,494. The luxury market is influencing both of these numbers as sales above $2,000,000 in 2021 have already eclipsed totals for 2020.
- Sale to Assessed Value Ratio – 127%
- Sale to List Price Ratio – 96%
- Sale to Original Price Ratio – 95.2%
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Connect
Phone
+1 250 889 9060
Email
alex.carroll@engelvoelkers.com
Mail
735 Humboldt Street, Victoria BC
V8W 1B1
Alex Carroll PREC*
Personal Real Estate Corporation*
Assisting Home Buyers and Sellers in Residential Real Estate in Victoria BC
Vancouver Island
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