Victoria’s real estate market is known for its year-round activity, but summer brings a unique rhythm—and a lot of opportunity for both buyers and sellers. With longer days, lush landscapes, and balanced market conditions, this season can offer some of the smoothest and most strategic timing for making a move.

☀️ Why Summer is a Smart Time to Sell

Your Home Looks Its Best
Landscaping is in full bloom, patios and decks feel like extra living space, and natural light floods every room. These details make for beautiful listing photos and strong first impressions during showings.

Buyers Are Motivated
Many buyers aim to move before the fall, especially families trying to settle in before the new school year. That sense of urgency can work in your favour.

More Eyes on Your Listing
With longer days, open houses and evening showings are easier to schedule. People are also more likely to browse online listings during the relaxed pace of summer holidays.

Balanced Market Conditions
This year, we’re seeing a healthy supply of new listings, giving buyers more choice—and sellers a real shot at finding serious, qualified buyers without the chaos of bidding wars.

🏡 Why Summer Works for Buyers Too

Inventory Is High
According to the May 2025 stats, we’ve seen the highest number of new listings since May 2008. That’s a big deal—it means more options, less pressure, and a greater chance of finding your ideal match.

Interest Rates Are Holding Steady
With rate hikes off the table (for now), buyers have a clearer picture of what they can afford—and more predictability when budgeting for the long term.

Less Competition in Some Areas
While popular family neighbourhoods may still see strong demand, other micro-markets—like downtown condos or rural properties—may have softer activity, which could create room to negotiate.

You Can Take Your Time
More daylight, fewer weather-related delays, and flexible summer schedules make it easier to book showings, walk the neighbourhood, and really feel into a home before you buy.

🛠 Pro Tip: Know Your Micro-Market

Whether you’re buying or selling, it's important to remember: Victoria isn’t one market—it’s many. Your experience in Fairfield will be different than in Langford, and a downtown condo plays by different rules than a family home in Cordova Bay.

As I’m a REALTOR® who lives and works here, I can help you understand your exact slice of the market, and build a strategy that makes sense for your goals.

🌿 Thinking of Making a Move This Summer?

I’d love to help you navigate this season with confidence and clarity. Whether you’re planning to list soon, casually exploring what’s out there, or just want to stay informed, let’s chat about what makes sense for you.

📩 Reach out anytime for a personalized summer market snapshot.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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Victoria Real Estate Market Stable in the Face of Uncertainty
The Victoria real estate market demonstrated resilience in March 2025, maintaining a stable and balanced state despite ongoing global economic uncertainties. According to the Victoria Real Estate Board, a total of 613 properties changed hands in the region this past March, marking a 4.3 per cent increase compared to the 588 sales recorded in March 2024 and a significant 16.1% jump from February 2025.

Here's a quick look at the average prices in the Victoria Core:
* Single Family Detached Homes: $1,283,842
* Townhomes: $804,796
* Condos: $642,059

Breaking down the sales by property type, condominiums saw a notable surge in activity, with 202 units sold, representing a 14.1% increase from March of the previous year. The single-family home market also experienced positive growth, with 292 sales, a 2.1% rise compared to March 2024.

"The economic uncertainty the world faces right now certainly colours our local real estate market," commented 2025 Victoria Real Estate Board Chair Dirk VanderWal. "In spite of this, our market remains as it has in recent months - stable and balanced. Inventory levels this past month held steady at over three thousand listings, which meant that there was a good amount of selection for buyers, while relatively flat pricing meant more predictability for sellers and buyers."

The number of active listings on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2025 stood at 3,023. This represents a substantial increase of 14.9% from the 2,631 listings in February and a 14.2 per cent rise from the 2,647 active listings available at the end of March 2024.

Chair VanderWal further noted, "As in past months, the balanced market in March softened the demand-side pressures of markets we've seen in recent years. There is more time for decision making, which is a positive aspect for both sellers and buyers. Thoughtfully priced and presented homes are selling well and we do see instances of multiple offers, which is often a hallmark of the spring market. For the best outcomes in your property search or sale, connect with your favourite local REALTOR® to navigate the current market."

Looking at benchmark pricing in the Victoria Core, the Multiple Listing Service® Home Price Index benchmark value for a single-family home in March 2025 reached $1,335,300, a 3.6% increase from the $1,288,400 recorded in March 2024 and up from February's $1,309,500. The benchmark value for a condominium in the Victoria Core area saw a more modest increase, reaching $560,400 in March 2025, a 0.4% rise from $558,200 in March 2024 and an increase from February's $551,900.

Local Market Activity
Across southern Vancouver Island, we've seen great turnouts at open houses for single-family detached and townhomes in the $900,000 to $1.3 million range. Many of these sales were competitive due to multiple bids on listings. The recent decrease in interest rates has made this segment of the market very attractive to buyers, especially for properties that could provide rental income.

Navigating the Victoria Real Estate Market
The current stability of the Victoria real estate market presents both opportunities and considerations for buyers and sellers. With a healthy inventory and more balanced conditions, now is an opportune time to make informed decisions. 

Whether you're looking to buy your dream home or sell your property for the best possible price, having expert guidance is crucial. Contact me today to discuss your real estate goals and navigate the Victoria market with confidence.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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