September 2025
Victoria real estate market has slowed slightly over the course of the summer, while listing inventory has increased over the last year, leaving more choice for Buyers while Sellers must price their properties correctly to attract interest.
Below are some of the statistics for August 2025
Listing Inventory:
There were 3,600 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2025, a decrease of 2.8 % compared to the previous month of July and a 12.8 % increase from the 3,191 active listings for sale at the end of August 2024. This increased inventory is putting some downward pressure on prices.
Sales:
A total of 525 properties sold in the Victoria Real Estate Board region this August, 3.7 % fewer than the 545 properties sold in August 2024 and 22.8 % fewer than in July 2025. Sales of condominiums decreased by 16 % from August 2024 with 152 units sold. Sales of single family homes increased by 6.3% from August 2024 with 268 sold. Condos are struggling the most in this market. Single family sales numbers have actually increased from a year ago.
Average Victoria Real Estate Prices:
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2024 was $1,287,400. The benchmark value for the same home in August 2025 increased by 1.6 % to $1,308,100, down from July’s value of $1,338,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2024 was $559,200 while the benchmark value for the same condominium in August 2025 decreased by 1.4 % to $551,300, down from the July value of $563,300. Overall prices are now only up 1.6% from one year ago and seem to have topped out in July as we are now seeing slight monthly drops in all sectors over the last month. The Bank of Canada is leaning towards dropping the overnight interest rate at the next meeting next week, so let’s hope this helps to prop up the market in the coming fall months.
For the full Victoria Real Estate Boards Statistical Package for 2025 click on the following link below
https://www.vreb.org/current-statistics#gsc.tab=0
The BC Tax Assessment Values are now out for 2025.
You can click on the link below to confirm your current assessed value. If you have any questions about these values, please reach out to me and I can do some research to verify if they are inline with the neighbourhood values.
Featured Listing:
1375 Neild Rd $699,800
| Stunning Metchosin location with panoramic Mountain & Ocean Views on this large 10.45 Acre lot nestled on a beautiful scenic mountainside with Complete Privacy, and views of both the rugged coastal terrain, Olympic Mountains and ocean views to the South. A true sanctuary, this property delivers total seclusion while still being within easy reach of town amenities, as it is only 10-15 minutes from Belmont Market and all local Langford amenities. The elevated setting ensures breathtaking sunrises, vivid sunsets, and an ever-changing vista of natural beauty. The gently sloping and level areas provide versatile building site options. Whether you envision a peaceful retreat, an outdoor adventure base, or a legacy property to enjoy for generations, this rare offering combines unmatched scenery, privacy, and potential. There is a drilled well on the property and Hydro on Neild Rd. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011124-1375-neild-rd-metchosin-v9c-4h4.106643248
96 2500 Florence Lake Rd $207,800
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View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.995065-96-2500-florence-lake-rd-langford-v9b-4h2.105265380
106 2049 Country Club Way $624,800
| Welcome to The Lofts, one of Bear Mountain’s most sought after residences. This spacious & light-filled industrial designed 1-bed, 1-bath ground level corner unit offers 957 sqft of living space plus a 270 sqft patio. Features include soaring 15 ft ceilings, powered blinds & modern concrete flooring throughout, styled to perfection with no detail overlooked. Kitchen features top of the line stainless appliances with gas range stove. Relax by the fireplace in the adjacent living room which seamlessly connects to the walk-out patio, ideal for year-round indoor/outdoor entertaining with gas BBQ outlet. The primary bedroom is cozy & well laid out, with plenty of storage & the bathroom features a double vanity, heated floor, and an oversized shower. Underground parking & storage included, 2 pets allowed. Offering both luxury & practicality, you are just steps away from all of the amazing amenities on Bear Mountain, including world-class golf courses, fitness centre with pool and restaurants |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1003729-106-2049-country-club-way-langford-v9b-0h8.106165778
6885 Laura’s Lane $769,800
| Well priced family home in a popular Family Neighbourhood in Sooke, only minutes to all local amenities in the town core. Quality built in 2015, this one level rancher styled home is elegantly designed with 3 bedrooms, 2 baths over 1600 sq.ft. The open-concept layout offers 10’ ceilings, bleached wood-style laminate flooring, bright living room with picture windows and a modern gas fireplace. Stylish kitchen with quartz counters, tile backsplash, stainless appliances & gas cooktop. Dining with slider to sunny back patio. Spacious bedrooms, including a primary with huge walk-in closet & spa-like 5pc ensuite. Hot water on demand, quality finishes throughout. Fully fenced, irrigated & beautifully landscaped with pear trees, grapevines & Japanese maple. Large over sized garage. A perfect blend of comfort & style! Well priced! Listed below BC Assessed value. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011348-6885-laura-s-lane-sooke-v9z-0p8.106706462
704 373 Tyee Rd $529,800
| This sought after Vic West location offers a spacious modern 1 bedroom, 1 bath Upper Harbour water view condo which blends comfort and sustainability in a well-maintained, eco-conscious building. Features include bamboo floors, modern cabinetry, granite countertops, Energy Star appliances, and low-e double-glazed windows. The open kitchen offers a gas range, stainless appliances, and a large eating island. Enjoy nice views towards the Upper Harbour/Gorge Waterway and west towards the mountains for lovely sunsets. Just a short walk to waterfront trails, public dock for swimming, kayaking or canoeing activities, and short walk to downtown Victoria via the Johnson St Bridge, and easy access to the Westside Village shops. Freshly painted and move-in ready. Includes 1 parking stall, separate storage, and pet-friendly bylaws. Low utility costs, great walkability, and a well run, proactive strata make this a smart, stylish choice. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008873-704-373-tyee-rd-victoria-v9a-0b3.106537624
3956 Long Gun Pl $949,800
| Welcome to this spacious family home in Saanich East, located in a nice family area, ideally located close to shopping, schools, transit, parks and everyday amenities. Almost 2500 sq.ft on 2 levels, built in 1971 with 6 bedrooms, 3 bathrooms. Upstairs is vacant and spacious with large living room with wood fireplace and vaulted ceiling, separate dining leading to a cozy sunroom, and to the rear entertaining deck. Spacious kitchen, 3 bedrooms, primary has 2 piece ensuite. Seller is in process of doing updates upstairs, so ideal property for those looking to add their personal touch and value through decorating or updating. Downstairs has a separate in-law and family room area, 3 versatile bedrooms, ideal for hobbies, office space, or guest use, full 4-piece bath, laundry and a workshop/storage area. Large 8200+ sq/ft lot, partially fenced, and huge side yard parking area. Priced to sell quickly. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1012126-3956-long-gun-pl-saanich-v8n-3a9.106735137
Lot A 265 Trans Canada Hwy $4,499,800
| Moon Water Lodge is a beautiful west coast designed boutique Hotel situated on a special 9.58acre parcel with spectacular panoramic ocean and mountain views of Finlayson Arm and Mt. Finlayson. The business is running very well and is quite self sufficient. 8400 sq/ft on 4 levels with 14 rooms with potential to expand as lowest level is unfinished. Sale includes the business, building and land. The large acreage has great potential as well. Hotel was built in 2002. The rooms are all positioned to take advantage of the views, with kitchenettes, propane fireplaces, soaker tubs. Real Estate and Business are included in sale. All Business equipment, supplies and web site are included. Serviced by septic treatment plant and drilled well. Located next door to the Malahat Chalet restaurant. Call for appointment. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008298-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.106458645
301 2706 Peatt Rd $449,800
| Great central Langford location, just a short walk to town centre with most city amenities. This well laid out 2 bed, 2 bath Northeast corner unit is flooded with natural light, thanks to large windows and 9-foot ceilings. Like a top floor suite as only a private deck is above the condo. The open-concept layout enhances the spacious feel creating a modern and luxurious place to call home. Enjoy year-round BBQs on the oversized private balcony, one of the standout features. Inside you’ll find thoughtful touches like stylish laminate flooring, in-suite laundry with storage area, spacious kitchen layout with eating bar, a relaxing soaker tub in bathroom, and a functional open floor plan perfect for both everyday living and entertaining. Pets allowed. Close to shops, cafes, restaurants, and more, offering the ultimate in walkable convenience. Whether you’re a first-time buyer, downsizer, or investor, this condo combines comfort, location, and style in one attractive package. |
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008272-301-2706-peatt-rd-langford-v9b-3v3.106484929
We closely monitor the Victoria BC real estate market. If you or any of your family or friends require related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com
