Oak Bay Luxury Home Market Report

or Create your own market report
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.

Browse Luxury Homes All Oak Bay Houses Oak Bay Houses Market Report
REPORT SCOPE

Active Oak Bay Luxury Inventory

This report is an active-listing snapshot rather than a completed-sales price index. It should contain the same luxury population used on 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 native Real Geeks 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.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1033 Monterey Ave 4 4 3,275 $3,000,000 $916 1 day
30 Beach Dr 4 3 2,372 $3,549,000 $1,496 2 days
2655 Shady Lane 5 5 4,529 $3,499,000 $772 4 days
3395 Weald S Rd 5 8 6,638 $6,988,000 $1,052 7 days
1307 Transit Rd 5 5 4,511 $3,890,000 $862 7 days
3055 Beach Dr 4 4 3,716 $3,589,000 $965 8 days
1244 Beach Dr 2 3 2,573 $3,229,000 $1,254 9 days
3475 Upper Terrace Rd 6 7 5,878 $6,500,000 $1,105 9 days
987 Beach Dr 3 3 3,030 $3,250,000 $1,072 11 days
3085 Southdowne Rd 5 8 8,329 $6,995,000 $839 14 days
1387 St. David St 4 4 4,350 $3,500,000 $804 15 days
532 Beach Dr 3 3 2,790 $3,245,000 $1,163 15 days
121 Denison Rd 4 7 5,055 $6,995,000 $1,383 15 days
3075 Devon Rd 6 6 5,555 $3,495,000 $629 17 days
231 Hidden Pt 4 6 4,236 $5,349,000 $1,262 30 days
100 King George Terr 5 3 3,583 $3,549,900 $990 36 days
2777 Dewdney Ave 5 6 4,779 $3,390,000 $709 46 days
141 Denison Rd 3 3 3,996 $3,600,000 $900 49 days
2179 Crescent Rd 4 4 3,710 $3,199,000 $862 51 days
2168 Esplanade 8 4 4,248 $3,495,000 $822 60 days
1043 St. Patrick St 5 5 4,166 $3,050,000 $732 74 days
587 Oliver St 3 3 1,920 $3,100,000 $1,614 92 days
3565 Beach Dr 6 6 6,780 $3,590,000 $529 96 days
1027 Hampshire Rd 4 6 5,246 $4,200,000 $800 98 days
2114 Marne St 6 4 4,201 $3,795,000 $903 100 days
318 Newport Ave 3 3 3,226 $4,249,000 $1,317 106 days
374 Sunset Ave 5 7 5,789 $4,949,900 $855 116 days
309 King George Terr 2 3 2,129 $3,650,000 $1,714 149 days
2835 Lincoln Rd 7 5 5,620 $4,135,000 $735 155 days
1256 Oliver St 4 5 3,782 $3,595,000 $950 158 days
2096 Falkland Pl 5 4 4,198 $3,937,500 $937 167 days
261 King George Terr 5 5 6,061 $5,745,000 $947 170 days
3175 Beach Dr 12 10 14,629 $27,999,000 $1,913 239 days
1175 Beach Dr Unit #505 2 3 2,129 $4,300,000 $2,019 256 days
2086 Marne St 4 3 2,495 $4,750,000 $1,903 359 days
Average: 4.6 4.8 4,557 $4,838,637 $1,078 79 days
Viewing 1 - 35 of 35
Viewing 1 - 35 of 35
Advanced Search

NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.