Westshore Real Estate Market

Five municipalities, and they could not disagree more about building.

Westshore real estate market activity accounts for most of the new housing built in Greater Victoria, and the five municipalities inside it take almost opposite positions on whether that is a good thing.

Westshore Real Estate Market Overview

The Westshore sits across the harbour from Victoria and it is where the region has done nearly all of its growing. Langford in particular has approved development at a pace no other municipality here has matched, and its population has climbed accordingly.

Beside it sit Metchosin and Highlands, both of which have deliberately stayed rural. Large lots, no sewer in much of it, and councils that have resisted the density their neighbours embraced. Colwood and View Royal fall somewhere between.

Five councils, two entirely different philosophies. A Westshore average blends new townhouses in Langford with five acre parcels in Metchosin. Those are not competing products and no single figure describes both.

Subscribe to the Market Update

With every chart here comes a Subscribe to the Market Update button. Set it up and these figures find their way to you without prompting. Save Snapshot switches it on.

How To Read the 30 Day Numbers

  • What it shows. A month of completed transactions, the prices reached and the time each spent available.
  • Why it matters. This is the busiest construction market in the region, so volume is high and the month means something. New completions can distort the average when a development closes several units at once.
  • Ask yourself. Is the Westshore still absorbing new supply?
Market Reports in the Westshore

Westshore is made up of the areas below and they do not price alike. Each keeps its own report.

How To Read the 12 Month Trend

  • What it shows. A full year of prices, sales and days on market.
  • Why it matters. The year smooths out the effect of large developments completing. It is also where you see whether new supply is keeping prices in check, which is the defining question here.
  • Ask yourself. Is new building holding prices down?

Westshore MLS® Activity Feed

IMAGE
ADDRESS
SOLD DATE
PROPERTY TYPE
CONFIGURATION
SOLD PRICE
4342 West Shore Pkwy #130,  Langford,  BC V9B 5Z1
4
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Commercial
*** bed
*** bath
*** SqFt

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How To Read the MLS® Activity Feed

  • What it shows. Sales, current listings and accepted offers as they are recorded.
  • Why it matters. New construction and rural acreage sit in the same regional figure. The feed is where the two separate, and the difference is substantial.
  • Ask yourself. What sold, and was it new or rural?

Questions About These Numbers

Can I have this emailed?

Yes. Any graph will send it at whatever frequency you choose.

Which municipalities are in the Westshore?

Colwood, Langford, Metchosin, View Royal and Highlands. Each has its own report above.

Is Sooke part of the Westshore?

Not as a market. It is served by the Westshore RCMP detachment, which causes confusion, but it trades separately and has its own report.

Why is there so much new building here?

Land availability and councils willing to approve it, Langford most of all. The rest of the region has far less room and far less appetite.

What Would Your Westshore Home Sell For?

A figure covering five municipalities with opposite approaches to building will not reach yours. Recent local sales and your own lot are what decide it. I don't guess your home's value. I prove it using actual market value and real market movement so you can protect your equity and move forward with confidence.

Jason Anson
Jason Anson

Agent License ID: 188385

+1(250) 252-7653 | sold@jasonanson.ca

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Ways To Search the Westshore

This is where buyers priced out of the core end up looking, and where families find newer housing with nothing needing doing.

Filter below on price and property type. The Westshore carries a large share of the region's listings so narrowing early saves real time.