December 2025

December is here, and the holiday season is rapidly approaching. I wish you and your family all the best over the holidays, and a prosperous New Year!
The Victoria Real Estate market has remained stable over the last few months. Sales numbers dropped in November but that is typical as we near the end of the year. While interest rates are poised to remain unchanged in the coming months, and listing inventory on the higher side, prices continue to remain stable, which shows the resilience of the Victoria market. Not much is expected to change in the Greater Victoria market for the remainder of the year, and into 2026.

Below are some statistics for November 2025 throughout the Greater Victoria region

Listing Inventory:

There were 3,152 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2025, a decrease of 7.9 % compared to the previous month of October and an 11.1 % increase from the 2,836 active listings for sale at the end of November 2024. Today’s elevated inventory is giving buyers exceptional selection, but it also puts pressure on sellers to price sharply to stand out. With roughly one in seven properties selling each month, proper pricing is essential for Sellers to attract viewings and offers.

Sales:

A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 % fewer than the 551 properties sold in November 2024 and 26.9 % fewer than in October 2025. Sales of condominiums decreased by 36 % from November 2024 with 119 units sold. Sales of single-family homes decreased by 8.4 % from November 2024 with 241 sold. The sales numbers decreased considerable in November. Declining numbers towards the end of a year are not unusual, but with interest rates lower today than in 2024, this is unusual. The effects of the global and Canadian economic picture might be catching up with our local markets. The coming months should remain relatively unchanged, but it is hard to predict outcomes in these uncertain times.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index* benchmark value for a single family home in the Victoria Core in November 2024 was $1,313,900. The benchmark value for the same home in November 2025 decreased by 2.8 % to $1,276,700, down from October’s value of $1,280,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2024 was $542,100, while the benchmark value for the same condominium in November 2025 increased by 2 % to $553,100, up from the October value of $549,000. Single-family home prices are not only lower than in 2024, but they also dipped slightly compared to October of this year. With inventory remaining high, sellers need to price accurately to capture buyer interest. Condo prices saw a small month-over-month increase, but condos continue to be more challenging to sell due to oversupply. Overall, prices across Greater Victoria have been relatively stable and are expected to remain this way for the foreseeable future.

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 neighborhoods values.

https://www.bcassessment.ca/

Featured Listings:

113 1201 Nova Crt $749,800

 Step into contemporary elegance with this beautifully appointed 3-bedroom, 2-bath modern townhome — a perfect blend of design, comfort, and functionality. The open-concept layout is filled with natural light, featuring a sleek fireplace as the centerpiece of the living area. 14′ vaulted ceilings, quartz counters in kitchen, wide plank ,aminate flooring, natural gas stove and tankless hot water heater. Primary bedroom has ensuite and large walk-in closet. Enjoy seamless indoor-outdoor living with a private balcony and a spacious 267 sq/ft roof top deck with electrical, water and gas hookup, perfect for morning coffee or evening entertaining with sweeping forest and mountain views. The large carport offers convenient covered parking for 2 vehicles, and additional storage. Bonus 4’10” full crawlspace for storage. Thoughtfully designed with quality finishes throughout, this home delivers effortless modern living in a desirable location close to shopping, parks, and vibrant local amenities.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1018597-113-1201-nova-crt-langford-v9b-0t7.107266465

216-1375 Bear Mountain PKWY  $529,800

OPEN HOUSE SAT, DEC 13TH, 10:00AM-11:30AM. Located on Bear Mountain in the popular St. Andrew’s Walk. Quietly tucked away overlooking the 9th fairway, this beautifully updated 2 bed condo offers a rare blend of privacy and effortless living. Covered south-facing deck invites you to unwind as the afternoon sun shines bright into the suite, and enjoy the tranquil golf course views & the gentle flutter of hummingbirds. The gourmet kitchen, featuring granite counters & a comfortable eating island, flows effortlessly into the Living and Dining areas, creating a bright, open-concept space with a cozy electric fireplace. Updates includes quality wood floors, newer appliances, built-in cupboard organizers that maximize function and style, Murphy bed in 2nd bedroom. Lots of storage, bike area, and secure underground parking. A truly inviting home in a peaceful natural setting. Just Steps away from the Village, Westin Hotel & Spa, Athletic Club, & restaurants. Secure parking, Pets allowed

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1020510-216-1375-bear-mountain-pkwy-langford-v9b-0c9.107348919

1954 Polo Park Crt  $849,800

OPEN HOUSE SUNDAY, DECEMBER 14TH, 1-3PM. Impeccably presented and thoughtfully designed, this three-bedroom residence offers over 1,600 sq ft of refined living in one of Saanichton’s most convenient & desirable settings. Soaring ceilings & abundant natural light create an airy sense of space throughout. The gourmet kitchen features a corner island & breakfast area, perfect for casual mornings, while the spacious living and dining areas open seamlessly and lead to a private garden patio. The main-floor primary bedroom offers a spa-inspired ensuite with a soaker tub and separate shower and walk-in closet. Upstairs has two more spacious bedrooms and a main bathroom. A double garage and private driveway for 2 more cars complete the package. Lots of storage. Located just steps from shopping, cafés, and local amenities, and centrally located for easy commute to both Sidney and Victoria, this exceptional home blends comfort, lifestyle, and location in perfect harmony.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1020418-1954-polo-park-crt-central-saanich-v8m-2k1.107348968

 Lot A 265 Trans Canada Hwy  $3,999,800

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.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-December 2025 appeared first on Dale Sheppard.

November 2025

The Victoria Real Estate market continues to remain in a balanced state with great options for Buyers in most sectors of the market. The small interest rate drop by the Bank of Canada was welcomed by the industry and should allow a few more first time Buyers to enter the market.

Below are some statistics for October 2025 throughout the Greater Victoria region

Listing Inventory:

There were 3,423 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2025, a decrease of 7.3 % compared to the previous month of September and an 8.3 % increase from the 3,161 active listings for sale at the end of October 2024. Inventory usually starts to drop as we near the end of the year, but there is still a healthy supply of homes and condos on the market

Sales:

A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 % fewer than the 654 properties sold in October 2024 and 11.4 % more than in September 2025. Sales of condominiums decreased by 15 % from October 2024 with 159 units sold. Sales of single family homes increased by 2.9% from October 2024 with 350 sold. The October sales numbers were down from 2024, but up from last month, which shows there is still strength in the market.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2024 was $1,300,200. The benchmark value for the same home in October 2025 decreased by 1.8 % to $1,276,500, down from September’s value of $1,294,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2024 was $547,800, while the benchmark value for the same condominium in October 2025 increased by 0.6 % to $551,000, up from the September value of $547,500. Prices in all sectors of the market in Victoria have remained stable over the last few months, with small fluctuations up and down, leaving a strong balanced market for the coming 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 neighborhoods values.

https://www.bcassessment.ca/

Featured Listing:

627 Rason Rd  $1,149,800

Great Thetis Heights family area in Langford. Spacious 5 Bedroom, 4 Bathroom family home with 2 bedroom legal suite. Featuring hardwood floors, stainless steel appliances, and a stunning double-sided fireplace, this home blends comfort and style. Both living areas are bright and welcoming, with plenty of room for family gatherings. Upstairs offers generous bedrooms, walk in closet and ensuite with jetted tub, Ample cabinet space and lots of natural light, while the lower-level suite—with its own private entrance—provides excellent flexibility for extended family or rental income. Enjoy outdoor living with a sunny deck, shaded sitting areas, and a fully fenced yard. Heat pumps for air conditioning in the summer. The crawl space is full height with room for more development and great storage, an office area is set up in this space. A double garage plus ample parking make this property ideal for families on the go. Conveniently located near schools, parks, and amenities.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1014390-627-rason-rd-langford-v9b-6c3.106983061

113 1201 Nova Crt $784,800

 Step into contemporary elegance with this beautifully appointed 3-bedroom, 2-bath modern townhome — a perfect blend of design, comfort, and functionality. The open-concept layout is filled with natural light, featuring a sleek fireplace as the centerpiece of the living area. 14′ vaulted ceilings, quartz counters in kitchen, wide plank ,aminate flooring, natural gas stove and tankless hot water heater. Primary bedroom has ensuite and large walk-in closet. Enjoy seamless indoor-outdoor living with a private balcony and a spacious 267 sq/ft roof top deck with electrical, water and gas hookup, perfect for morning coffee or evening entertaining with sweeping forest and mountain views. The large carport offers convenient covered parking for 2 vehicles, and additional storage. Bonus 4’10” full crawlspace for storage. Thoughtfully designed with quality finishes throughout, this home delivers effortless modern living in a desirable location close to shopping, parks, and vibrant local amenities.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1018597-113-1201-nova-crt-langford-v9b-0t7.107266465

3638 Ridge View Terr  $1,399,800

Elevation Pointe is a quality luxurious subdivision in Colwood with nice Mountain & Ocean views, located close to Royal Bay, Olympic View Golf & Colwood Lagoon. This modern contemporary open-concept executive home features expansive floor-to-ceiling windows, white oak engineered wood floors, chef’s kitchen, granite surfaces, Bespoke cabinetry, large island, premium appliances, dual ovens, a warming drawer & gas cooktop. Open dining and living areas anchored by a striking stone-clad gas fireplace, automated blinds, large office with built-ins. Upstairs has 3 bdrms, main bath & laundry, primary bedroom has it’s own terrace, a spa-inspired ensuite & large walk-in closet. The lower level hosts a legal self-contained one-bedroom suite with own hydro meter, laundry & private patio, great rental income or extended family. Constructed with silent floors & rebar-reinforced. Double garage, heat pump, backs onto a private green space. Well Priced for this Market!

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1015709-3638-ridge-view-terr-colwood-v9c-0m3.107125141

1124 Colville Rd  $849,800

 Great Esquimalt location, backing onto the Gorge Vale Golf Course. Zoning is RS-6, but Esquimalt indicated Small Scale Multi Family (RSM-2) Medium Density is permitted in this area. Charming 3 Bedroom rancher with loads of potential! This cozy home offers comfortable one-level living with a bright, functional layout. The inviting living room features a woodstove for warmth and character, while the kitchen with pantry provides plenty of space for your ideas. 3 bedrooms plus a potential 4th bedroom make this a great fit for families, downsizers, or investors. Step outside to enjoy the private, part fenced yard – perfect for kids, pets, or gardening with a huge entertaining deck with hot tub. Single garage plus parking in driveway for 2 cars. Conveniently located close to schools, parks, shopping, and transit. Only 10 minutes to downtown Victoria.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1014997-1124-colville-rd-esquimalt-v9a-4p7.106959610

 Lot A 265 Trans Canada Hwy  $3,999,800

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.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-November 2025 appeared first on Dale Sheppard.

The post Saanich Home Selling Guide appeared first on Dale Sheppard.

September 2025

As we enter the fall season, the Victoria real estate market continues to remain in balance. September’s numbers reveal a steady flow of activity, with both sales and inventory adjusting to seasonal and economic trends. Prices must be sharp to attract Buyers, as there are more homes currently for sale than in previous fall markets.

Below are some of the statistics for September 2025

Listing Inventory:

There were 3,694 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2025, an increase of 2.6 % compared to the previous month of August and a 9% increase from the 3,361 active listings for sale at the end of September 2024. The increase in listings is making it harder to sell homes, so Sellers must price their homes well to attract Buyers.

Sales:

A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 % fewer than the 571 properties sold in September 2024 and 5.5 % more than in August 2025. Sales of condominiums decreased by 18.5 % from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 % from September 2024 with 289 sold. Condo sales numbers continue to trail single family sales.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2024 was $1,279,700. The benchmark value for the same home in September 2025 increased by 1.2 % to $1,294,800, down from August’s value of $1,308,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2024 was $553,400, while the benchmark value for the same condominium in September 2025 decreased by 1.1 % to $547,500, down from the August value of $551,300. Prices softened slightly in September, and mostly as a result of the increased listing inventory at this time.

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.

https://www.bcassessment.ca/

Featured Listing:

1375 Neild Rd  $499,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011124-1375-neild-rd-metchosin-v9c-4h4.106643248

627 Rason Rd  $1,229,800

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1014390-627-rason-rd-langford-v9b-6c3.106983061

106 2049 Country Club Way $624,800

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  $749,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011348-6885-laura-s-lane-sooke-v9z-0p8.106706462

1124 Colville Rd  $899,800

 Great Esquimalt location, backing onto the Gorge Vale Golf Course. Zoning is RS-6, but Esquimalt indicated Small Scale Multi Family (RSM-2) Medium Density is permitted in this area. Charming 3 Bedroom rancher with loads of potential! This cozy home offers comfortable one-level living with a bright, functional layout. The inviting living room features a woodstove for warmth and character, while the kitchen with pantry provides plenty of space for your ideas. 3 bedrooms plus a potential 4th bedroom make this a great fit for families, downsizers, or investors. Step outside to enjoy the private, part fenced yard – perfect for kids, pets, or gardening with a huge entertaining deck with hot tub. Single garage plus parking in driveway for 2 cars. Conveniently located close to schools, parks, shopping, and transit. Only 10 minutes to downtown Victoria.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1014997-1124-colville-rd-esquimalt-v9a-4p7.106959610

2744 Forbes Rd $949,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1015742-2744-forbes-st-victoria-v8r-4c3.107100194

 Lot A 265 Trans Canada Hwy  $3,999,800

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-October 2025 appeared first on Dale Sheppard.

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.

https://www.bcassessment.ca/

Featured Listing:

1375 Neild Rd  $699,800

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

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

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

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

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

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

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

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-September 2025 appeared first on Dale Sheppard.

The post View Royal Home Selling Guide appeared first on Dale Sheppard.

August 2025

Victoria real estate market offers good options for Buyers over the summer months as inventory is up while sales and prices remain stable. The Bank of Canada left interest rates unchanged again, so not much should change in the market over the next few months.

Below are some of the statistics for July 2025

Listing Inventory:

There were 3,703 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2025, a decrease of 2 % compared to the previous month of June and a 10.6 % increase from the 3,348 active listings for sale at the end of July 2024. Inventory is at a great level for Buyers, as there is a lot of choice on the market.

Sales:

A total of 680 properties sold in the Victoria Real Estate Board region this July, 4.6 % more than the 650 properties sold in July 2024 and 10.6 % fewer than in June 2025. Sales of condominiums increased by 5.6% from July 2024 with 225 units sold. Sales of single family homes decreased by 0.3 % from July 2024 with 318 sold. Sales were up from 2024, but down slightly from last month, which is typical for the summer months.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2024 was $1,296,100. The benchmark value for the same home in July 2025 increased by 3.3% to $1,338,800, up from June’s value of $1,325,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2024 was $567,800 while the benchmark value for the same condominium in July 2025 decreased by 0.8 % to $563,300, up from the June value of $562,800. Overall prices are very stable, with a slight increase in prices in July for single family homes and condos. The next Bank of Canada meeting is September 17th, so we will see what happens at that time. If rates drop, then the market may pick up for the fall months. A very interesting market to say the least.

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-August 2025 appeared first on Dale Sheppard.

July 2025

The Victoria real estate market remains stable as we enter the summer months. Sales were up slightly from the previous month and have remained stable so far in July. Listing inventory has increased over the last few months, but prices remain relatively unchanged, with some slight drops in certain sectors of the market. Not much should change over the next few months.

Below are some of the statistics for June 2025

Listing Inventory:

There were 3,778 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2025, an increase of 1.7 % compared to the previous month of May and an 9.2 % increase from the 3,460 active listings for sale at the end of June 2024. Increased choice for buyers is good for the market, but sellers need to list at a competitive price to attract offers.

Sales:

A total of 761 properties sold in the Victoria Real Estate Board region this June, 15.1 % more than the 661 properties sold in June 2024 and 0.4 % more than in May 2025. Sales of condominiums increased by 23.3 % from June 2024 with 249 units sold. Sales of Single-Family homes increased by 17.5 % from June 2024 with 402 sold. While sales were up in June, single family homes lead the way, while condo sales have remained sluggish with all of the increased inventory on the market.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June 2024 was $1,295,500. The benchmark value for the same home in June 2025 increased by 2.3 % to $1,325,400, down from May’s value of $1,326,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2024 was $567,900 while the benchmark value for the same condominium in June 2025 decreased by 0.9 % to $562,800, down from the May value of $564,100. While overall prices of Single-Family homes are up slightly from 1 year ago, the trend over the last few months has seen a stable pricing environment, which is mostly due to the higher listing inventory, and the lack of drops in interest rates from the Bank of Canada. Condo prices are down from a year ago and have continued to drop slightly over the last few months. These trends should continue until the interest rates drop, and political climates stabilize.

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

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June 2025

The Victoria BC real estate market remains stable as we enter the summer. Sales and listing inventory was higher in May compared to the previous month, but prices dropped slightly in May. However, the first half of June has been quite busy for sales, so overall, the market is steady and should not change much over the summer months.

Below are some of the statistics for May 2025

Listing Inventory:

There were 3,716 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2025, an increase of 8.5 % compared to the previous month of April and an 11.3 % increase from the 3,338 active listings for sale at the end of May 2024. Homes must be well priced to attract interest in this market as only about 1 in 5 homes are selling per month at this time.

Sales:

A total of 758 properties sold in the Victoria Real Estate Board region this May, 0.7 % fewer than the 763 properties sold in May 2024 but 18.1 % more than in April 2025. Sales of condominiums decreased by 6 % from May 2024 with 221 units sold. Sales of single-family homes increased by 0.5 % from May 2024 with 401 sold. May is traditionally the strongest month for sales in Victoria, and while the overall numbers remain stable, they are not as high as a typical hot spring market, resulting in higher levels of listing inventory. However, the last few weeks have seen an increase in sales, so June should be a decent month for sales.

Compare with our recent sales numbers.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2024 was $1,309,700. The benchmark value for the same home in May 2025 increased by 1.3 % to $1,326,600, down from April’s value of $1,345,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2024 was $569,500 while the benchmark value for the same condominium in May 2025 decreased by 0.9 % to $564,100, down from the April value of $566,300. Prices dropped slightly in May, and with the increased listing inventory, lower overall sales and the Bank of Canada holding interest rates steady, the market could soften this summer if June sales numbers do not improve. So far June has been quite strong, so it is definitely hard to predict where things are going from month to month.

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-June 2025 appeared first on Dale Sheppard.