I hope you’ve been enjoying the beautiful fall weather and cozy season vibes! 🍂
As we head toward the end of the year, the Victoria real estate market is showing steady balance — with opportunities for both buyers and sellers depending on your timing and goals.
📈 October Market Highlights – Victoria Real Estate Board
617 properties sold across Greater Victoria
That’s 5.7% fewer than October 2024, but 11.4% more than September 2025
Single-family homes: up 2.9% year-over-year
Condos: down 15% year-over-year
Active listings: 3,423, up 8.3% from last year
The market continues to hold steady, and we even saw the strongest October for single-family home sales since 2020. Buyers have more choice than in recent years, while sellers are still finding success with well-presented, well-priced listings.
🏠 What’s Happening in the Market
Single-family homes and townhomes continue to draw the most attention. Demand remains strong, and while prices have softened slightly, motivated sellers who price smartly are the ones seeing results.
Townhomes remain a sweet spot for many buyers, especially newer builds that offer space, function, and good value.
On the condo side, things are a bit quieter — sales are down compared to last year, and properties are taking longer to sell. Rather than flood the market, many condo sellers are simply pausing or holding off for better conditions. That said, buyers looking for a condo will find a wide variety of options and time to make decisions.
💰 Prices at a Glance – Victoria Core
Single-family homes: $1,276,500 (↓ 1.8% from last year)
Condos: $551,000 (↑ 0.6% from last year)
🏦 Interest Rates & What’s Next
The Bank of Canada made another rate cut in late October, which could spark more activity as buyers adjust to changing borrowing costs. We’ll likely see a typical seasonal slowdown heading into winter, but with balanced conditions and stable prices, it’s still a great time to plan your next move.
💡 Thinking About Your Next Step?
If you’re considering selling or buying this fall or winter, let’s connect to talk strategy.
Even in a balanced market, timing, pricing, and presentation can make all the difference.
📞 Call/Text: 250-893-9185
📧 Email: KellyG@ComeSellWithMe.ca
🌐 Visit: www.ComeSellWithMe.ca