January 2026 Victoria & Westshore Market Snapshot

January opened the year with 339 properties sold across the Victoria Real Estate Board region—19.7% fewer than January 2025 and 7.6% fewer than December. Condominium sales declined year-over-year, while single-family home sales also eased, reflecting typical seasonal slowdown.

Inventory continued to build, with 2,624 active listings at month-end—up 9.6% year-over-year—placing the overall market on the threshold between balanced and buyer-friendly conditions. Buyers benefitted from increased selection, while sellers saw more defined pricing and timelines.

Benchmark pricing softened modestly year-over-year. The MLS® HPI benchmark for a single-family home in the Victoria Core was $1,265,500 (down 2.5%), while condominiums benchmarked at $537,800 (down 1.5%). In the Westshore, pricing remains relatively resilient, particularly for well-presented homes in strong neighbourhoods.

As we move further into 2026, inventory levels and micro-market conditions across Langford, Colwood, Royal Bay, Bear Mountain, and Sooke will continue to shape outcomes.

COMPLETE UPDATE HERE

December 2025 Victoria Real Estate Market Snapshot

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December closed out 2025 with 367 properties sold across the Victoria Real Estate Board region—12.8% fewer than December 2024 and 18.6% fewer than November. Condominium sales declined year-over-year, while single-family home sales remained relatively steady.

Over the full year, 6,918 properties sold in 2025, a slight increase from 2024, reflecting a stable and consistent market despite broader economic uncertainty.

Inventory played a major role in shaping conditions. December ended with 2,544 active listings, down from November but up 11.1% year-over-year, giving buyers more choice while providing sellers with clearer pricing expectations.

Price trends varied by area and property type. Single-family benchmark values in the Victoria Core softened modestly in 2025, while the Westshore saw modest gains, and condominium values remained relatively flat overall.

As we move into 2026, inventory levels, pricing strategy, and presentation will continue to matter—particularly in Westshore micro-markets such as Langford, Colwood, Royal Bay, Bear Mountain, and Sooke.

COMPLETE UPDATE HERE

November 2025 Victoria Real Estate Market Snapshot

November 2025 Victoria Real Estate Market Snapshot

November saw a slower pace of sales across the Victoria Real Estate Board region, with 451 properties sold. While this is lower than both October and November last year, it’s important to note that 2025 experienced stronger activity earlier in the spring, unlike 2024, which saw sales pick up later in the year. Overall, sales activity remains in line with the past four-year average.

Inventory remains healthy. There were 3,152 active listings at the end of November, giving buyers more choice and time to make decisions, while sellers continue to see success when homes are priced and presented well.

The market tone can best be described as balanced and patient. Buyers aren’t feeling rushed, and sellers understand that strategy matters more than ever.

In terms of pricing, benchmark values for single family homes in the Victoria Core dipped slightly year-over-year, while condominium values showed modest growth. This highlights how different property types — and locations — are performing differently within the same market.

As always, understanding how your specific home or neighbourhood fits into today’s conditions is key. Local context matters.

COMPLETE UPDATE HERE

October 2025 Victoria Real Estate Market Snapshot

October 2025 Victoria Real Estate Market Update

October reflected a steady and balanced real estate market across the Victoria region. Sales increased from September, while remaining slightly lower than this time last year — a typical seasonal pattern as the market shifts toward late fall.

Single-family homes continued to see the strongest demand, while condominium activity was more measured. Buyers in the condo market benefited from greater choice and time to make decisions, while sellers across all property types saw the best results when homes were priced and presented thoughtfully.

Inventory levels remained healthy through October, reinforcing balanced conditions and providing consumers with options. While a late-October interest rate cut had many watching closely, it was too early to see a direct impact on buyer demand.

Overall, the market remained stable, with performance varying by property type and location. As always, understanding how a specific home fits within current conditions is key to making informed decisions.

COMPLETE UPDATE HERE

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.