Victoria Real Estate Market Update – July 2025
The Victoria real estate market continued to show stability and opportunity this July, with moderate activity and steady pricing that offered both buyers and sellers a chance to make smart moves.
According to the Victoria Real Estate Board (VREB), 680 properties sold in July, which is up 4.6% from July 2024 but down from the busier spring pace in June 2025. Condo sales rose by 5.6% year-over-year, while single-family home sales dipped slightly by 0.3%.
So what does this mean if you’re planning a move?
For Buyers: A Stable Summer with Solid Choice
July’s numbers signal a great environment for buyers who are looking for selection and time to decide. With 3,703 active listings on the market, inventory has increased by over 10% compared to this time last year, giving buyers more breathing room and less urgency than in a competitive spring market.
Although some homes are still seeing multiple offers, the overall pace allows you to shop smarter, particularly if you're a first-time buyer or downsizing into a condo. Plus, condo prices remain slightly lower than last year—great news for affordability seekers.
For Sellers: Balanced Conditions, Motivated Buyers
While the spring rush has passed, summer buyers are still active—especially those relocating, upsizing, or timing a move around the school year. With stable pricing and solid demand, this is still a strong time to list, particularly if your home shows well in warm weather.
Benchmark prices in the Victoria Core reflect steady growth:
Single-family homes are up 3.3% year-over-year to $1,338,800
Condos saw a slight dip, down 0.8% to $563,300
If you're planning to sell, this market offers you the advantage of active buyers combined with predictable pricing—a recipe for realistic expectations and solid outcomes.
What’s Next for Late Summer and Fall?
The VREB notes that while the spring market has officially wrapped, we often see a pickup in sales as we move into the fall. With inventory levels remaining higher than in past years, and economic conditions settling, both buyers and sellers can enter the next season with confidence.
If you’re considering a move before the end of 2025, now is the time to get a strategy in place—before fall momentum builds and competition heats up again.
🔎 Thinking of buying or selling soon?
Let’s connect for a quick consult to review your goals and explore what makes sense based on today’s numbers.
Jacqueline Ross, REALTOR®
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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