A Mix of Home Types
Houses, condos and townhomes all trade here, and the occasional commercial listing appears too, so the overall numbers blend several markets. Look at the home type you are shopping for rather than the blended average.
Current Royal Oak Market Data
Royal Oak Housing Market Report
Track current Royal Oak housing market conditions in Saanich, including asking-price ranges, price per square foot, days on market and active inventory for this lake-side, well-connected neighbourhood. The figures below are generated from current MLS® data and update as properties are listed, sold or repriced.
Royal Oak market caution: This report combines condos from the mid $400,000s, townhomes, detached houses and the occasional commercial or land listing in one neighbourhood, so the overall average can swing with the mix. Read these figures as a snapshot of the active market rather than a valuation of any one home, and look at the home type that matches your search.
Search Royal Oak real estate Royal Oak condos Royal Oak townhomes
How to Read the Numbers
Understanding Royal Oak Market Data
Royal Oak is a mixed, well-located neighbourhood, and the statistics are most useful once you know what is driving them.
Condos Lead the Supply
Condos are the largest share of listings, so a busy month for apartments can pull the average down even when house and townhome values are steady.
Location Premium
Proximity to Elk Lake, Commonwealth Place and the highway supports demand across home types, and a good position within the neighbourhood can command a premium.
Active Listings, Not Sold Prices
These statistics describe current asking prices and days on market, not sold values. Valuing a specific home takes recent comparable sales and adjustments for that property.