Parcel Size Drives Price
A small city lot and a 20-acre rural parcel are both "land" on the MLS®. The average asking price says little until you compare lots of similar size, zoning and servicing.
Current Greater Victoria Land Data
Greater Victoria Lots & Land Market Report
Track the vacant land market across Greater Victoria's 13 municipalities, from city building lots in Saanich, Esquimalt and Langford to rural acreage in Metchosin, the Highlands and North Saanich, and forested parcels in the Sooke area. The figures below are generated from current MLS® data and update as lots are listed, sold or repriced.
Lots and land caution: Vacant land is the least uniform category on the MLS®. A serviced subdivision lot and a forested rural parcel sit in the same tables, and one estate-sized waterfront property can move the average asking price a long way. Read these figures as a picture of the active market, not as the value of any one lot.
Search Greater Victoria lots & land Lots under one acre Land over one acre
How to Read the Numbers
Understanding Greater Victoria Land Data
Land statistics behave differently from house statistics. These four points explain what the numbers can and cannot tell you.
Servicing Changes Value
Lots on municipal water and sewer are priced very differently from parcels that need a private well and an onsite septic system. Check which applies before comparing two listings.
Small Numbers, Big Swings
There are far fewer land listings than homes, so one large sale or a release of new subdivision lots can shift averages and days on market quickly.
Asking Prices, Not Values
The active table shows asking prices. Valuing a lot takes recent comparable land sales, the zoning, the cost of servicing and an idea of what can actually be built.