2025 didn’t bring wild swings — it delivered something far more valuable: stability.
Across Greater Victoria, a total of 6,918 properties sold in 2025, slightly ahead of 2024’s 6,893 sales — a modest 0.36% increase year-over-year. In a market shaped by economic uncertainty, that’s a strong signal of resilience.
More Inventory = Better Decisions
One of the defining features of 2025 was inventory.
By the end of December there were 2,544 active listings, up 11.1% from December 2024. Buyers had more choice, more time, and more negotiating power. Sellers, meanwhile, benefitted from clearer pricing expectations and fewer emotional surprises.
Price Trends: A Tale of Two Markets
The numbers tell a nuanced story:
Victoria Core Single-Family Homes
Benchmark price ended the year at $1,255,000, down 4.7% year-over-year.Victoria Core Condos
Benchmark price edged up to $549,900, a 0.7% increase from 2024.Westshore
While the Core softened, the Westshore quietly outperformed with modest gains, reinforcing the appeal of communities like Langford, Colwood and Sooke for value-driven buyers.
The Market Stayed… Balanced
The Sales-to-Active-Listings Ratio hovered between 17% and 28% throughout the year, the range defined as a balanced market — meaning neither buyers nor sellers held a decisive advantage.
This balance kept prices from spiking or collapsing — a healthy sign for long-term homeowners.
What This Means for 2026
2025 proved that preparation matters more than timing.
Buyers succeeded when they acted decisively on well-priced homes.
Sellers who focused on presentation, pricing strategy and local trends still achieved strong results — even in softer segments.
If inventory remains elevated into 2026, the winners will be the ones who approach the market with clarity, not guesswork.
I specialize in helping homeowners in Langford, Colwood and the Westshore understand how local price trends, inventory levels and buyer demand affect their property value — not just what’s happening across Greater Victoria.
If you’d like a neighbourhood-specific breakdown for your home or condo, feel free to reach out.
Cheryl Barnes
Westshore Real Estate Specialist
Macdonald Realty
📞 250-413-7943