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homes for sale under $1.5M in Royal Bay, Colwood

52 homes for sale under $1.5M in Royal Bay, Colwood, median asking $811,950 ($474,900 to $1,425,000). That's about $541 per square foot. The typical home has been listed 25 days; 8 came on in the last 7 days. Townhouses make up 46% of what's for sale.

Currently, there are 52 homes for sale under $1.5 million in Royal Bay and Colwood, with new listings adding pace to the market: 8 in the last week and 31 in the past 30 days. The median asking price is $811,950, ranging from $474,900 to $1,425,000, and the median days on market is 25. The median price per square foot is $541, and the median year built is 2025, indicating a modern inventory. The mix includes 24 townhouses (median $792,450), 14 condos (median $659,000), and 14 houses (median $1,287,500). Listings are spread across bedroom counts, with 18 two-bedroom homes (median $739,900) and 15 three-bedroom homes (median $869,900) making up the majority. The largest concentrations of listings are at ECHO (8), Origin at Beachlands (4), Poetry at Royal Bay (4), and Quarry (3).
52
homes
$811,950
median asking
$475K to $1.43M
$541
median per sq ft
25 days
median on market
8
listed this week
29 in 30 days
2025
median year built

asking prices

2
17
18
15
<$500K
$500–750K
$750K–1M
$1–1.5M
$1.5–2M
$2–3M
$3M+

on the map

by type

typehomesmedian
townhouses24$792,450
condos14$659,000
houses14$1,287,500

questions buyers ask

What do homes under $1.5M in Royal Bay, Colwood cost?

Median asking price is $811,950 across 52 active listings, ranging from $474,900 to $1,425,000, or about $541/sq ft.

How fast are homes selling here?

The median active listing has been on the market 25 days. 8 homes were listed in the last week and 29 in the last 30 days.

How much more is a 3-bedroom than a 2-bedroom?

Median asking is $739,900 for 2 bedrooms (18 listings) and $869,900 for 3 bedrooms (15 listings).

What types of homes are for sale?

24 townhouses (median $792,450), 14 condos (median $659,000), 14 houses (median $1,287,500).

How old are the homes?

Median year built is 2025 across the listings with a recorded build year.

Statistics are computed from the 52 active MLS® listings matching this page at render time and refresh hourly with the feed. Medians, not averages, so one outlier can't move them.