Colby Village 2025 In Review
Colby Village Market Analysis
Sub-District Performance Report — January to December 2025
Executive Summary
The Colby Village area demonstrated steady market activity throughout 2025, with 136 completed transactions generating nearly $79.3 million in sales volume. The market maintained healthy absorption with an average of 21 days on market and properties generally achieving close to list price. However, the 5.4% termination rate (8 cancelled, expired, or withdrawn listings) signals that strategic pricing remains essential for successful outcomes.
Sub-District Comparison
| Sub-District | Sold | Avg Sale Price | Avg $/SqFt | Avg DOM | List-to-Sale | Failed |
|---|---|---|---|---|---|---|
| 16-A: Colby Village | 68 | $568,875 | $263 | 21 days | 100.6% | 2 (2.8%) |
| 16-B: Irishtown | 31 | $613,579 | $276 | 22 days | 99.5% | 3 (8.6%) |
| 16-C: Willowdale | 23 | $540,735 | $281 | 15 days | 100.3% | 2 (7.1%) |
| 16-D: Atholea Drive Area | 14 | $652,875 | $267 | 25 days | 99.0% | 1 (6.7%) |
Colby Village
District 16-AThe heart of the community with diverse housing stock
| Metric | Value |
|---|---|
| Highest Sale | $1,055,000 on Lakeridge Crescent |
| Lowest Sale | $400,000 on Hollyoake Lane |
| Avg Original List Price | $577,885 |
| Avg Final List Price | $566,869 |
| Avg Reduction to Sell | $9,010 (1.0%) |
Irishtown
District 16-BFamily-oriented with newer executive homes
| Metric | Value |
|---|---|
| Highest Sale | $940,000 on Bellbrook Crescent |
| Lowest Sale | $477,000 on Collingwood Court |
| Avg Original List Price | $622,932 |
| Avg Final List Price | $617,977 |
| Avg Reduction to Sell | $9,353 (1.3%) |
Willowdale
District 16-CEstablished neighbourhood with mature lots
| Metric | Value |
|---|---|
| Highest Sale | $875,000 on SOUTHAMPTON Drive |
| Lowest Sale | $374,500 on Huntingdon Drive |
| Avg Original List Price | $548,961 |
| Avg Final List Price | $540,270 |
| Avg Reduction to Sell | $8,226 (1.2%) |
Atholea Drive Area
District 16-DPremium homes along Astral Drive corridor
| Metric | Value |
|---|---|
| Highest Sale | $940,000 on Astral Drive |
| Lowest Sale | $420,000 on Astral Drive |
| Avg Original List Price | $677,632 |
| Avg Final List Price | $659,207 |
| Avg Reduction to Sell | $24,757 (3.6%) |
Terminated Listings Analysis
Key Finding: Of the 8 terminated listings in Colby Village, all were priced between $519,900 and $675,000 — well above the area's average sale price of $570,000. Extended days on market (averaging 67 days vs. 21 days for sold properties) indicate overpricing was the primary driver of these unsuccessful listings.
| Status | Location | Original Price | Final Price | Days on Market | Sq Ft |
|---|---|---|---|---|---|
| Cancelled | 16-C — Sherwood Street | $539,900 | $519,900 | 63 | 1,850 |
| Cancelled | 16-D — Caldwell Road | $569,000 | $549,000 | 123 | 2,000 |
| Cancelled | 16-B — Eagle Lane | $599,800 | $589,800 | 33 | 2,490 |
| Cancelled | 16-B — Surrey Way | $599,900 | $599,900 | 34 | 1,848 |
| Cancelled | 16-C — Wilton Crescent | $675,000 | $644,900 | 85 | 1,926 |
| Expired | 16-A — Caldwell Road | $569,900 | $549,900 | 101 | 1,586 |
| Expired | 16-B — Caldwell Road | $574,999 | $564,999 | 75 | 2,112 |
| Withdrawn | 16-A — Carisbrooke Lane | $589,900 | $569,900 | 19 | 2,630 |
Relist Activity: Lessons in Pricing Strategy
Strategic Insight: Three properties in this data set were cancelled and relisted at lower prices. All three required price reductions of 6.5–9.6% from their original asking prices before achieving a sale or conditional status. This pattern underscores the cost of initial overpricing — not just in time, but in final sale outcomes.
| Street | Original Price | Relist Price | Outcome | Total Reduction |
|---|---|---|---|---|
| Caldwell Road (16-D) | $569,000 | $529,900 | Sold at $525,000 | $44,000 (7.7%) |
| Sherwood Street (16-C) | $539,900 | $505,000 | Conditional Sale | $34,900+ (6.5%+) |
| Wilton Crescent (16-C) | $675,000 | $629,900 | Sold at $610,000 | $65,000 (9.6%) |
Current Market Activity
| Status | Sub-District | Street | List Price | Days on Market |
|---|---|---|---|---|
| Active | 16-A | Bissett Road | $399,900 | 68 |
| Active | 16-C | Astral Drive | $695,000 | 128 |
| Conditional | 16-C | Sherwood Street | $498,900 | — |
| Conditional | 16-B | Wexford Road | $599,900 | — |
| Conditional | 16-C | Pearl Drive | $644,999 | — |
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