October 2026
The Greater Victoria real estate market is typically quite active in the fall, but with several elections approaching and the ongoing trade war with the US, we’re experiencing a slower-than-normal market. September sales were down considerably, and October appears to be following the same trend. The Victoria Real Estate Board has indicated that we are now in a buyer’s market, with average home prices remaining relatively stable but continuing to edge downward. For homeowners wondering when to sell a home in Victoria, understanding these changing conditions is especially important. Buyers have plenty of choice, making accurate pricing and a strong marketing strategy essential. A professional Victoria home evaluation can help sellers understand their property’s current value and position it competitively. As an experienced Victoria Realtor for sellers, I know that even in a slower market, well-priced properties can attract serious buyers.
Below are some statistics for September 2026 throughout the Greater Victoria region.
Listing Inventory:
There were 3,811 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2026, an increase of 4.1 % compared to the previous month of August and a 3.2 % increase from the 3,694 active listings for sale at the end of September 2025. This increased listing inventory gives Buyers greater choice and allows them more time to make their Buying decisions.
Sales:
A total of 463 properties were sold in the Victoria Real Estate Board region this September, 16.4 % fewer than the 554 properties sold in September 2025 and 21.7 % fewer than August 2026. Sales of condominiums decreased by 11 % from September 2025, with 137 units sold. Sales of single-family homes decreased by 17.3 % from September 2025, with 239 sold. The higher listing inventory combined with the low sales numbers have created excess supply, and only 12% of homes are selling per month at this time, or 1 in 8 listings are selling. Therefore, Sellers must price sharply if they want to attract serious Buyer interest.
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 2025 was $1,306,500. The benchmark value for the same home in September 2026 decreased by 2 % to $1,280,100, down from August’s value of $1,301,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2025 was $542,200, while the benchmark value for the same condominium in September 2026 increased by 1 % to $547,800, down from the August value of $553,600. The market conditions have resulted in price drops in most sectors of the market. This trend may continue over the coming months due to the current economic and political climate in our region and globally. Let’s hope it is short lived.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,609 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market
For the full Victoria Real Estate Boards Statistical Package for 2026 click on the following link
🌐 Visit: https://www.vreb.org/current-statistics#gsc.tab=0
The BC Tax Assessment Values for 2026.
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/
If you or any of your family or friends require any real estate related information, feel free to contact me
📞 Call me at 250-744-0844
Featured Listings:
312-1535 Pandora Ave, $399,800
Stadacona Centre is a sought after condo/commercial complex located in the heart of Fernwood, only minutes to downtown Victoria. Spacious 2 bed, 2 bath condo, almost 1000sq/ft, with a large east facing balcony, ideal to take advantage of the morning sun. Large primary bedroom with 2 piece ensuite. Cozy living room, separate dining area and nice functional kitchen. Long list of amenities include Indoor Pool, Sauna, Hot Tub, Recroom, Hobby Room, Gym, Reading Room, Bike area, Courtyard and a Common Garden. unit comes with 1 Secure underground Parking and a separate storage locker. Large shared laundry room. Local commercial stores on lower level. On bus route, and short walk to amenities, close to Oak Bay Village, and across from Stadacona Park with tennis courts. Easy access to UVic, Camosun, Royal Jubilee Hospital, and Downtown.
View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1043228-312-1545-pandora-ave-victoria-v8r-6r1.109320611
1161 Newport Ave, $1,949,800
Desirable South Oak Bay location, across the street from Windsor Park, and a block from the ocean. Rarely does a C-2 commercial opportunity like this come up for sale. Original character home built in 1911, is nicely updated and has 3 bedrooms. The commercial section at the front facing Newport Ave was built later with great visibility. Lower level of home has 1 bedroom suite. Total size is approximately 4300 sq/ft. Commercial space currently leased to one tenant and is approximately 3550 sq/ft. which includes the original home and the front Commercial office space. The lower level suite is not part of the lease, and is about 760 sq/ft. Large 7200 sq/ft lot. Nice updates throughout the commercial space and house. Great future potential for a work/live arrangement as house could be separated from commercial building at front, and it has it’s own address and separate side entrance. Also a great future redevelopment property.
View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1048129-1161-newport-ave-oak-bay-v8s-5e6.109742107
1518 Dallas Rd, $1,849,800
Sought after Dallas Rd location in Fairfield. Almost waterfront with beautiful sweeping ocean views from this quality built 1/2 duplex built in 2009. Perfectly positioned directly across from the seawall and famous waterfront walkway. This sunny south-east-facing home has a nice front porch and features large windows enhancing the expansive views of the Juan de Fuca Strait and stunning Olympic Mountains. Highlights include a single-car garage, two spacious upstairs bedrooms with vaulted ceilings, large ensuite and view balcony in primary bedroom. Spacious walk-out basement with 3-piece bathroom and a large family room which could be a 3rd bedroom area. Features include Pella windows, fir doors, radiant floor heating, and a Rumford wood-burning fireplace. Enjoy outdoor living in the private northwest-facing backyard with relaxing patio and mature fruit trees. Large single garage. Located in highly desirable Fairfield close to Cook Street Village—an exceptional location and lifestyle!
View Listing here:https://dalesheppard.com/search-listings/featured-listings/#!listing.1047193-1518-dallas-rd-victoria-v8s-1a3.109651021
644 Fernhill Rd Esquimalt BC, $1,324,800
Welcome to 644 Fernhill Road, a unique mid-century 3-bedroom and Den, 2.5-bathroom split-level home on a generous .33-acre lot, located on one of the nicest streets in Rockheights, Esquimalt. Mature oak trees frame the sweeping front lawn, while the sunroom and large deck showcase beautiful mountain views plus some ocean views. The level and fully fenced rear yard area features gardens and fruit trees, perfect for kids, pets and entertaining. Inside, enjoy wood floors, a newer kitchen with stainless steel appliances and granite counters, relaxing sunroom and living/entertaining room. The walk-out basement offers excellent suite potential. Solar panels help reduce electrical costs, and a portion of the perimeter drains has been updated. Plenty of storage, driveway parking and a bonus one-car garage. Steps to shopping, restaurants, schools, parks, DND, library, transit and recreation. A rare opportunity in a fabulous central location!
View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1049577-644-fernhill-rd-esquimalt-v9a-4y9.109807437
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 me at 250-744-0844, or email me through my website: www.dalesheppard.com
