Vancouver Island Luxury Homes Market Report

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Current Vancouver Island Luxury Home Data

Vancouver Island Luxury Homes Market Report

Track the top of the Vancouver Island market north of the Malahat: houses, condos and townhomes listed at $2 million and above through the Vancouver Island Real Estate Board, with asking-price ranges, price per square foot, days on market and active inventory. The figures below are generated from current MLS® data and update as properties are listed, sold or repriced.

Island luxury market caution: The $2 million line captures oceanfront estates in Nanoose Bay, Lantzville and Qualicum Beach, large acreage and equestrian properties, new custom builds in the Comox Valley and Campbell River and the occasional resort home on the west coast, plus some farms and multi-unit holdings that list as residential. A handful of trophy listings can move the average by hundreds of thousands of dollars. Read the range and the middle of the table, not the average alone.
Luxury home for sale on Vancouver Island
Vancouver Island Luxury Home Market Homes listed at $2 million and above, from Oceanside waterfront to Comox Valley and Campbell River estates
How to Read the Numbers

Understanding Vancouver Island Luxury Home Market Data

At the top of the market, land, shoreline and scarcity drive price far more than square footage, and the usual averages need care.

01

Where the $2M+ Homes Are

Luxury inventory follows the shoreline: Nanoose Bay, Lantzville, Parksville and Qualicum Beach, the Comox Valley and Campbell River supply much of it, with acreage estates in the Cowichan and Alberni valleys, Gulf Island waterfront and resort homes at Tofino and Ucluelet making up the rest.

02

Land Is Often the Value

Many Island luxury listings are large acreages, farms or multi-building properties where the house is a fraction of the price. Price per square foot of living area overstates the house and understates the land, so compare on frontage, acreage, outbuildings and location as well.

03

Thin Comparables, Long Market Times

With a limited number of active listings spread along hundreds of kilometres of coastline, true comparables are scarce and a luxury home can take many months to sell. Expect days on market in this report to run longer than in the general market.

04

Active Listings, Not Sold Prices

These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
8033 Greendale Rd 24 8 6,920 $2,395,000 $346 1 day
7393 Sunbury Rd 7 5 3,772 $2,674,900 $709 4 days
312 Roland Rd 4 4 3,958 $2,698,000 $681 5 days
2279/2281 Clark Rd 8 9 3,872 $2,499,999 $645 5 days
1045 Ravensbourne Lane 5 4 3,993 $2,200,000 $550 6 days
977 Grandview St 3 4 4,164 $3,150,000 $756 6 days
3230 Huntington Pl 3 3 3,234 $2,800,000 $865 8 days
3349 Creekside Pl 6 5 4,065 $2,249,900 $553 7 days
Frank Island 2 1 1,236 $3,750,000 $3,033 15 days
990 View Rd 4 5 3,455 $2,888,000 $835 9 days
2144 Angus Rd 5 5 4,218 $2,799,000 $663 13 days
2070 Cooper Rd 5 5 5,109 $2,940,000 $575 15 days
177 Sunningdale E Rd 4 5 3,776 $2,050,000 $542 15 days
2080 Rolston Pl 3 4 3,266 $2,495,000 $763 18 days
3553 Winn Rd 3 5 3,798 $2,299,000 $605 20 days
1845 Craig Dr 4 4 3,632 $2,398,000 $660 19 days
1063 Kincora Lane 4 4 3,936 $2,185,000 $555 20 days
2065 Sanders Rd 4 8 6,522 $2,999,000 $459 20 days
2023 Seahaven Rd 4 5 4,131 $5,900,000 $1,428 21 days
3079 Jameson Rd 4 4 3,138 $2,150,000 $685 21 days
3838 Fearn Way 3 3 2,170 $2,599,000 $1,197 26 days
218 Sunningdale E Rd 2 1 1,654 $2,750,000 $1,662 23 days
2450 Ainsley Pl 4 4 5,690 $4,499,000 $790 23 days
6480 Eagles Dr 4 6 6,589 $4,950,000 $751 26 days
859 Andreef Rd 5 5 4,356 $4,350,000 $998 27 days
846 Foskett Rd 5 5 5,126 $3,950,000 $770 28 days
1292 Hudson Rd 3 3 3,060 $2,375,000 $776 29 days
6181 Chase Dr 4 3 3,899 $2,195,000 $562 29 days
6009 Genoa Bay Rd 3 4 2,931 $2,350,000 $801 30 days
6495/6499 Doumont Rd 7 6 4,618 $2,799,000 $606 30 days
7545 Copley Ridge Dr 3 3 3,396 $2,990,000 $880 32 days
319 Chemainus Rd 4 4 4,239 $2,500,000 $589 33 days
3875 Discovery Dr 4 6 4,111 $4,750,000 $1,155 33 days
2600 Randle Rd 4 3 3,479 $2,750,000 $790 33 days
4718/4720 Shell Beach Rd 6 5 2,033 $2,798,000 $1,376 33 days
3973 Cove Rd 5 6 6,019 $4,399,900 $731 34 days
6371 Genoa Bay Rd 4 4 2,865 $2,495,000 $870 35 days
1724 Oak Leaf Dr 4 6 5,250 $6,249,000 $1,190 36 days
3610 Outrigger Rd 3 4 2,501 $3,180,000 $1,271 36 days
863 Cavin Rd 3 3 3,516 $2,989,000 $850 40 days
2550 Quennell Rd 3 2 2,400 $2,099,000 $874 42 days
191 Cilaire Dr 5 5 4,431 $2,498,000 $563 42 days
5265 Cassidy Rd 8 7 5,328 $2,895,000 $543 43 days
2185 Widgeon Rd 4 6 4,788 $2,495,000 $521 48 days
1730 Oak Leaf Dr 4 4 5,181 $5,295,000 $1,022 48 days
6002 Icarus Dr 5 4 4,774 $2,375,000 $497 55 days
661 Cains Way 3 4 3,266 $2,199,999 $673 55 days
3029 Meadow Dr 5 5 4,768 $2,375,000 $498 58 days
4005 Rowe Rd 3 3 1,436 $2,100,000 $1,462 62 days
3300 Ferguson Rd 4 6 4,565 $4,195,000 $918 58 days
Average: 4.9 4.7 4,110 $3,433,972 $972 129 days
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Viewing 1 - 50 of 161

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