Happy New Year and welcome to 2026! 🎉
As we close the door on 2025, I wanted to share a final market update for the year and offer a clear snapshot of how the Greater Victoria real estate market finished off December.
As expected, December brought a seasonal slowdown in activity, but the bigger picture shows a market that remained steady and balanced throughout the year.
📊 December 2025 Market Snapshot – Greater Victoria
In December, 367 properties sold across the Victoria Real Estate Board region. That’s 12.8% fewer sales than December 2024 and 18.6% fewer than November, which aligns closely with typical year-end trends.
By property type:
Single-family homes: 186 sold (down 2.6% year-over-year)
Condos: 106 sold (down 21.5% year-over-year)
Townhomes: Sales softened as well, tracking closely with the overall market slowdown and remaining below long-term averages
Despite the slower finish, 2025 ended with 6,918 total sales, slightly higher than 2024, making it another consistent year for our local market.
💰 Home Prices – A Mixed but Stable Picture
Price trends continued to vary by property type and location:
Single-family homes (Victoria Core):
Benchmark price ended December at $1,255,000, down 4.7% from last year and slightly lower than November.Condos (Victoria Core):
Benchmark price finished at $549,900, up 0.7% year-over-year, though relatively flat month to month.
In simple terms:
🏡 Detached homes softened slightly
🏢 Condo prices held steady overall
Townhomes continued to sit in the middle, offering strong value for buyers looking for space without detached-home pricing.
📦 Inventory & Market Feel
There were 2,544 active listings at the end of December — down from November due to the holidays, but still higher than this time last year.
This inventory level helped keep the market balanced:
Buyers had more choice and time to make decisions
Sellers benefited from realistic pricing expectations and steady demand for well-prepared homes
🚀 What This Means for You in 2026
Whether you’re thinking about selling, planning a purchase, or simply wanting to understand your home’s value, the right information makes all the difference.
🔹 If you’re considering selling this year, I can provide a custom pricing and timing strategy based on your specific neighbourhood and property type.
🔹 If you’re buying, we can review current opportunities, negotiation strategies, and financing options so you feel confident before making a move.
🔹 If you’re not planning anything immediate, a quick market check-in can still help you stay informed and prepared.
đź“ž Call or text me:
✉️ Email: KellyG@ComeSellWithMe.ca
Even a short conversation can help you decide your best next step — there’s no pressure, just honest advice and clear guidance.
Here’s to a successful and exciting year ahead 🥂
I look forward to helping you make 2026 a great one.