The Victoria real estate market wrapped up the summer with a steady but quieter month, according to the latest statistics from the Victoria Real Estate Board (VREB).
📊 Market Snapshot – August 2025
Total Sales: 525 properties
– Down 3.7% compared to August 2024 (545 sales)
– Down 22.8% compared to July 2025Single Family Homes Sold: 268 (+6.3% YoY)
Condominiums Sold: 152 (–16% YoY)
Active Listings: 3,600
– Down 2.8% from July 2025
– Up 12.8% compared to August 2024Benchmark Sale Price – Single Family Homes (Victoria Core):
$1,308,100 (+1.6% YoY, down from $1,338,800 in July)Benchmark Sale Price – Condominium Homes (Victoria Core):
$551,300 (–1.4% YoY, down from $563,300 in July)
What This Means for You
For Buyers:
Inventory is higher than last year, providing you with more options and more time to make informed decisions.
For Sellers:
Detached homes remain strong with year-over-year price growth. The fall market may present the best opportunity to list your property.
Featured Market Update Video
For a visual breakdown of these stats, watch this month’s featured market update video:
Stay Connected
The Greater Victoria real estate market is evolving, but opportunities remain strong for both buyers and sellers. If you’d like a personalized home valuation or to explore listings in your neighborhood, let’s connect.