As we move along in December, the Victoria real estate market shows a clear shift in pace. Sales slowed in November, inventory remained healthy, and the overall tone of the market leaned toward patience — offering more breathing room for buyers and a steady, balanced environment for sellers.
Here’s what you need to know.
Home Sales Down Compared to Last Year
A total of 451 properties sold across the Victoria Real Estate Board region in November 2025. This reflects:
18.1% fewer sales compared to November 2024 (551 sales)
26.9% fewer sales than October 2025
Yet still higher activity than November 2022 and 2023, when sales dipped below 400
Sales varied by property type:
Condo sales: 119 units sold (down 36% year-over-year)
Single-family homes: 241 sold (down 8.4% year-over-year)
The Board notes this year-over-year comparison looks dramatic only because 2024 experienced an unusual late-year sales rally, which is not the norm for Victoria.
Inventory Eases, But Choices Remain Strong
At the end of November, there were 3,152 active listings, representing:
7.9% fewer listings than October 2025
11.1% more listings than November 2024
Buyers still have plenty of selection, but inventory is tightening slightly as we enter the winter season — a typical trend for Victoria.
Market Tone: Balanced, Patient, and Price-Sensitive
2025 VREB Chair Dirk VanderWal describes the November mood as “one of patience.”
Buyers are taking their time.
Sellers who price accurately and present their homes well are still seeing results.
The market remains balanced, without the urgency of the early 2020s.
Different neighbourhoods and property types perform differently, so understanding where your home sits on the buyer–seller spectrum is key.
Benchmark Home Prices: Stable With Mild Movement
Single-Family Homes (Victoria Core)
November 2024: $1,313,900
November 2025: $1,276,700 (-2.8% year-over-year)
Slight dip from October’s benchmark of $1,280,100
Condominiums (Victoria Core)
November 2024: $542,100
November 2025: $553,100 (+2% year-over-year)
Up from October’s benchmark of $549,000
Condo values continue to hold steady, while single-family pricing shows mild softening — a trend aligned with broader affordability patterns.
What This Means for Buyers
You have time and choice, especially compared to recent years.
Well-priced homes still move quickly, particularly in the Core, Sidney, and Saanich East.
If you're planning to buy in early 2026, now is a great moment to start conversations and get pre-approved before the January uptick.
What This Means for Sellers
Presentation and pricing matter more than ever in a patient market.
Buyers are thoughtful and selective — staging, photography, and market positioning are essential.
A complimentary home evaluation can help you understand where your home sits in today’s balanced conditions.
I Can Help You Navigate This Market
Whether you’re planning to buy or sell in 2026, I’d love to walk you through what this market means for your specific plans.
➡️ Reach out anytime for a personalized market review or home evaluation 250-415-5656.
Jacqueline Ross
REALTOR® | Coldwell Banker Oceanside Real Estate
(250) 415-5656
jac@yourvanislehome.com
www.YourVanIsleHome.com
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