As summer winds down, the Victoria real estate market followed a familiar seasonal trend—slowing slightly in August but maintaining overall stability. A total of 525 properties sold across the region, down 3.7% compared to August 2024 and 22.8% fewer than July 2025.

Condominium sales dipped by 16% year-over-year, with 152 units sold, while single-family homes saw a modest increase of 6.3%, with 268 sales.

The number of active listings at the end of August sat at 3,600, down slightly from July but up 12.8% compared to the same time last year. This boost in available inventory gives buyers more choice than they’ve had in years.

Price trends were relatively steady:

• Single-family home benchmark (Victoria Core): $1,308,100, up 1.6% year-over-year but down a bit from July.

• Condominium benchmark (Victoria Core): $551,300, down 1.4% year-over-year and from July’s value.

What This Means for Buyers

For buyers, this is a more balanced and less pressurized market than what we saw several years ago. With more inventory and stable interest rates, you have time to carefully evaluate homes, negotiate, and make decisions without the intense bidding wars of the past. Fall could bring fresh listings as sellers who prepared over summer enter the market, giving you new opportunities to explore.

What This Means for Sellers

If you’re selling, pricing strategically is key. While demand remains steady, buyers have more options and more time to compare. Homes that are well-prepared and marketed properly are still moving, but expectations around timelines should be realistic. With fall historically being a busier season than late summer, now is an excellent time to list if you’ve been waiting.

The Bottom Line

Victoria’s market is steady, balanced, and entering a season that traditionally sees more activity. Whether you’re considering buying or selling this fall, the conditions are favourable for making thoughtful, well-planned moves.

✨ Thinking about making a move this fall? Let’s connect—I’ll walk you through the numbers, help you understand where opportunities lie, and guide you toward your next home or sale.

👉 Start your fall home search or request a market evaluation here.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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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
Instagram | Facebook  
Get the newsletter!