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Oak Bay Luxury Home Market Report

Search having price between $3,000,000 and $50,000,000

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Oak Bay luxury home market report for Uplands estates and waterfront residences in Oak Bay BC
CURRENT OAK BAY LUXURY HOME LISTING DATA

Oak Bay Luxury Home Market Report

Track active Oak Bay luxury homes, Uplands estates, Beach Drive waterfront residences, ocean-view homes, renovated character estates and modern custom houses by asking price, price per square foot and days on market.

REPORT SCOPE

Active Oak Bay Luxury Inventory

This report is an active-listing snapshot rather than a completed-sales price index. It covers the same luxury listings as the Oak Bay Luxury Homes hub, so the hub's map, six statistics and the charts below all describe the same upper-tier Oak Bay inventory.

Small-sample caution: Oak Bay luxury inventory is limited, and a single Uplands estate or major waterfront listing can move averages dramatically. Read the average price and price per square foot together with the charts and individual MLS® records.
ACTIVE LISTING ANALYSIS

Oak Bay Luxury Home Market Charts

Explore the asking-price distribution, market time and price per square foot of the active luxury listings displayed in this report.

Luxury Homes by Price Range

Current Oak Bay luxury homes grouped by asking price.

Days on Market Distribution

How long the current luxury listings have been exposed to the market.

Luxury Home Price per Square Foot

Current asking-price-per-square-foot distribution where usable living-area data is available.

Asking Price vs. Market Time

Each point compares one current luxury asking price with its days on market.

Charts use the active listings displayed in the market-report table below. Figures change as listings are added, removed or repriced and do not represent completed-sale statistics. Luxury inventory is small and wide-ranging, so one exceptional estate or waterfront property can materially move Oak Bay averages.

HOW TO READ THE DATA

Luxury Home Prices Are Not Uniform

A renovated South Oak Bay character estate, a large Uplands property on a park-like lot, a Beach Drive waterfront residence, an Anderson Hill view home and a newly built modern custom house can all fall within Oak Bay's luxury segment while occupying very different price levels. Compare lot quality, privacy, architecture, renovation standard, frontage, views and exact location before relying on a municipality-wide average.

01

Land, Privacy & Setting

Lot size, usable garden area, mature landscaping, orientation and privacy often drive value as much as the house itself, especially in the Uplands and near the water.

02

Waterfront & Views

Legal frontage, shoreline condition, exposure and the quality and permanence of ocean or mountain views can separate otherwise similar homes by a wide margin.

03

Architecture & Renovation

Distinguished period architecture, thorough permitted renovations and high-performance new construction command premiums; dated systems or unpermitted work can offset location strength.

04

Neighbourhood & Street

The Uplands, South Oak Bay, Beach Drive, McNeill Bay, Anderson Hill and King George Terrace each produce a different luxury profile. Exact street, traffic exposure and walkability to Oak Bay Village matter.

OAK BAY LUXURY HOME PRICES

Luxury Home, Estate & Waterfront Market Data

This report is designed for buyers tracking Oak Bay luxury home prices, Uplands estate prices, Beach Drive waterfront homes, Oak Bay ocean-view homes and prestige properties in Oak Bay. Use the active-listing charts together with individual MLS® records rather than treating the municipal average as a valuation model.

For current inventory, return to the Oak Bay Luxury Homes for Sale hub. For broader detached-house pricing, compare the Oak Bay Houses for Sale page and the Oak Bay Houses Market Report.

Regional comparison: For luxury homes outside Oak Bay, compare Greater Victoria Luxury Homes, the Oak Bay Waterfront Homes hub and the Oak Bay View Homes Market Report.
Luxury-home due diligence: High-end Oak Bay properties may require closer review of permits for past renovations, perimeter drainage, foundations, seismic work, former oil tanks, protected trees, shoreline and sea-wall condition, heritage status, title charges and the ongoing cost of maintaining large gardens and building systems.

Market at a glance

Where the market stands

All homes in this report, by status.

29homes
Active29 · 100%

Average price by status

Active$5.03M

Average days on market

Active77 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 29
Average list price $5,032,582
Avg. days on market 77 days
Avg. price per ft² $1,049
Avg. living area 4,722 ft²
Avg. beds / baths 4.8 / 5.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$30M$20M$10M$0

Price vs. living area: 29 homes plotted, up to $30M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 7 homes in this status.

3175 Beach Dr$1,913
309 King George Terr$1,714
587 Oliver St$1,614
30 Beach Dr$1,496
121 Denison Rd$1,284
231 Hidden Pt$1,262
318 Newport Ave$1,208

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
736 Falkland RdOak Bay, BC V8S 4L8 543,268$3,250,000$9944 days
2835 Lincoln RdOak Bay, BC V8R 6A8 755,620$3,490,000$6205 days
3280 Ripon RdOak Bay, BC V8R 6G7 555,241$5,980,000$1,14116 days
3190 Exeter RdOak Bay, BC V8R 6H6 553,951$3,450,000$87319 days
430 St. Patrick StOak Bay, BC V8S 4X3 463,055$3,399,000$1,11221 days
318 Newport AveOak Bay, BC V8S 5C5 333,226$3,899,000$1,20826 days
261 King George TerrOak Bay, BC V8S 2J8 556,061$5,745,000$94733 days
2168 EsplanadeOak Bay, BC V8R 2W1 844,248$3,300,000$77639 days
30 Beach DrOak Bay, BC V8S 2L2 432,372$3,549,000$1,49648 days
2655 Shady LaneOak Bay, BC V8R 6T6 554,529$3,499,000$77250 days
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