Question 1

What is the median sold price in Oakes Bay Estates?

Accepted Answer

The median sold price in Oakes Bay Estates is $512,500 based on 2 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the price range for homes in Oakes Bay Estates?

Accepted Answer

Home prices in Oakes Bay Estates range from $315,000 to $710,000 based on recent sales data. This $395,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 3

Are homes in Oakes Bay Estates selling above or below asking price?

Accepted Answer

On average, homes in Oakes Bay Estates are selling at 95.4% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 4

How long do homes take to sell in Oakes Bay Estates?

Accepted Answer

Homes in Oakes Bay Estates are selling in an average of 16 days. This indicates a hot seller's market where homes sell very quickly. Well-priced homes often receive offers within the first week of listing.

Question 5

What is the price per square foot in Oakes Bay Estates?

Accepted Answer

The average price per square foot in Oakes Bay Estates is $268. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $536,000.

Question 6

Is Oakes Bay Estates a buyer's or seller's market?

Accepted Answer

Based on current data, Oakes Bay Estates is a balanced market. Homes are selling in 16 days on average and at 95.4% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 7

What percentage of homes sell above asking price in Oakes Bay Estates?

Accepted Answer

In Oakes Bay Estates, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 8

What size homes are selling in Oakes Bay Estates?

Accepted Answer

Homes selling in Oakes Bay Estates range from 1,239 to 2,523 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 9

How much do home prices vary in Oakes Bay Estates?

Accepted Answer

Oakes Bay Estates shows relatively consistent pricing with a standard deviation of $197,500 around the average price of $512,500. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 10

How do I find out how much a house sold for in Oakes Bay Estates?

Accepted Answer

Simply search our Oakes Bay Estates sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 11

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Oakes Bay Estates will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 12

Do you show all MLS® sold listings for Oakes Bay Estates?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Oakes Bay Estates. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Houses Sold in Oakes Bay Estates — What Buyers Paid

Oakes Bay Estates Sold Data Overview

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2-Year Market Trends: All Property Types

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