Oak Bay, British Columbia
As of September 27, 2026, the median asking price in Oak Bay is $2,074,500, across 96 active MLS® listings.
Those listings have been on the market an average of 62 days.
41 new listings came to market in Oak Bay in the last 30 days.
Asking prices work out to about $921 per square foot, based on the 96 listings that report floor area.
Detached homes in Oak Bay are listed at an average of $3,404,477 across 62 active listings.
Condos in Oak Bay are listed at an average of $1,158,350 across 18 active listings.
Townhouses in Oak Bay are listed at an average of $1,454,925 across 16 active listings.
Heritage streets, salt air calm
Oak Bay sits just east of downtown Victoria, but it feels like a different tempo altogether—quieter, leafier, and deliberately unhurried. Grand early-20th-century homes, tucked behind hedges and mature Garry oaks, line streets that seem designed for evening strolls. The shoreline is never far: from the sailboats at Oak Bay Marina to the wide sands at Willows Beach, the neighbourhood’s daily rhythm is shaped by tides, dog walkers, and the soft clink of halyards.
There’s a distinctly village-like core along Oak Bay Avenue, where independent cafés, bakeries, and long-running local shops keep the sidewalk lively without tipping into bustle. Residents skew older and established, with many long-time owner-occupiers who care deeply about streetscapes, gardens, and the area’s heritage character—one reason change here tends to be incremental. The result is a place that feels polished but not flashy, with a strong sense of continuity from one block to the next.
Real estate in Oak Bay is defined by scarcity and stability: low-density zoning, limited turnover, and a premium placed on location—especially near the waterfront, schools, and the Avenue. Buyers typically weigh classic character homes, renovated family properties, and occasional luxury builds, while condos and townhomes are more limited and often tightly held. With a Walk Score around 66, errands are convenient near the village core, while many households still rely on a car for cross-town trips—yet the everyday experience remains distinctly walkable-by-choice and anchored in calm coastal living.
Oak Bay’s current for-sale market shows 96 active listings with a median asking price of $2,074,500, averaging $923/sqft and 62 days on market so far, pointing to a premium-priced city where buyers generally have time to be selective. With 41 new listings in the past 30 days, inventory is being replenished across the city’s mix of waterfront and established interior streets, creating meaningful variation by pocket—from top-end coastal homes to smaller character properties and condos—while keeping overall pricing firmly upscale.
AI-written commentary on the active MLS® listing snapshot as of September 27, 2026. Not financial advice.
Walk Score 66 · Bike Score 80
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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