Houses for sale in Oak Bay

Timeless tree-lined streets on Vancouver Island’s South Coast

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For sale $795,000
408 1159 Beach Dr, oak bay, British Columbia

408 1159 Beach Dr

Oak Bay, British Columbia

2 Bedroom 2 Bathroom 1190 sqft
Newport Realty Ltd.
For sale $5,750,000
999 Beach Dr, oak bay, British Columbia

999 Beach Dr

Oak Bay, British Columbia

4 Bedroom 3 Bathroom 4459 sqft
Newport Realty Ltd.
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What makes Oak Bay special?

Place a mixture of heritage homes, custom built homes, generational properties, and quiet, tree lined streets on Victoria’s South-East shoreline and you’ve created Oak Bay.  It has long been heralded as one of Victoria’s most attractive areas, and for good reason.

Charm

Sometimes tough to put your finger on or formulate into words: The combination of seaside streets, hundred year old houses, and mature trees are unmistakably Oak Bay

Value

Being one of Victoria’s best neighbourhoods means demand and value retention have always been high. Oak Bay maintains the highest average sale price of any of the core neighbourhoods

Community

Great neighbourhoods are usually the result of great people.  Many families have lived in the area of decades. Why would you want to move away?

quintissental victoria living

 

The storybook charm of Oak Bay can be felt in all of its neighbourhoods.  It features tightknit communities close to the sea with some of Victoria’s best schools, parks, and amenities.

Sales (past decade)

Sales 2M+ (past decade)

New Listings (Past Decade)

New Listings (2020)

RECENT HISTORY

Oak Bay has long been some of the most attractive real estate in Victoria. Slight adjustments in 2019 turned to a very active 2020, despite the COVID-19 slowdown.

From 2018 to 2019, the average sale price of a single family detached home in Oak Bay dropped from $1,604,593 to $1,469,636. This dip is consistent with the most recent BC Assessment Values that reached homeowners in the first week of January, 2020. 2020 was off to a blazing start until the COVID-19 pandemic brought sales and listings to a standstill. There were 5 sales of Single Family Homes in April 2020 compared to 55 in April 2016. From that lull, tremendous activity resumed in mid-May which led to more than 30 sales in each consecutive summer month.

  • Sale price to assessed value ratio (2019) – 97.7%
  • Sale price to list price ratio – 98.0%
  • sale price to original price ratio – 97.4%

For property evaluations, market trends, and other insights.

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*

Representing Buyers and Sellers in the sale of Residential Homes in Victoria BC. Licensed with Engel & Volkers Vancouver Island

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