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Victoria Real Estate Market Update - October 2025

As your trusted Victoria Realtor, I’m here to break down the latest market data released by the Victoria Real Estate Board (VREB). Whether you’re buying, selling, or keeping an eye on trends, here’s what’s happening in the Victoria real estate market this month.

Market Overview: What’s Happening in Our Market

  • In October 2025, 617 properties sold. That is 5.7% fewer than October 2024, but 11.4% more than September 2025.

  • While sales slowed slightly year-over-year, things actually picked up nicely from September. Overall, we’re in a healthy, balanced market — which can be great news for both buyers and sellers.

Single-Family Homes vs. Condos

  • Single-family homes remain strong: 350 sold this month, up 2.9% compared to October 2024.

  • Condominiums, though, are cooling off: 159 units sold in October, down 15% year over year.

What does this mean for you?

  • If you’re thinking of selling your home, this is encouraging — buyers are still very much out there and active. For condo sellers, this doesn’t mean it’s a bad time to sell — it just means we want to be more strategic with pricing, presentation, and marketing - and that’s exactly what I’m here to help with.

How Many Properties Have Sold?

In October 2025, a total of 617 properties were sold across the Victoria region. That’s 5.7% lower than October 2024 and 11.4% higher than September 2025.

This tells us we are sitting in a balanced market — where neither buyers nor sellers have a clear advantage. As your trusted Realtor in Victoria, I can tell you: balanced markets often create great opportunities for those who are strategic and well-prepared.

Single-Family Homes vs. Condos

  • 350 homes sold, marking a 2.9% increase over October 2024.

  • 159 condominium units sold, which is 15% fewer than October 2024.

For homeowners thinking of selling, these numbers show strong ongoing interest in detached properties. While condo activity is more relaxed right now, it can benefit buyers and gives sellers a chance to stand out with the right marketing. As your trusted Victoria real estate expert, I can help condo sellers highlight the strengths of their units so they rise above the competition.

What’s Available Now?

At the end of October 2025, there were 3,423 active listings across Greater Victoria, which is 7.3% fewer than September 2025 and 8.3% more than October 2024. This means buyers have more choice than last year, and sellers benefit from motivated fall purchasers who are still active in the market.

Price Trends (Home Price Index)

Here’s how prices in the Victoria real estate market are shifting:

While single-family prices softened slightly, they remain stable. Condo prices, on the other hand, rose modestly year over year. This is the kind of trends a knowledgeable Victoria Realtor can help you navigate.

What This Means for You

If You’re Selling

  • Single-family homes: Strong buyer interest makes fall a great time to list.

  • Condos: With slower sales, presentation, pricing, and marketing matter more than ever — this is where I can give you the competitive edge you need. Contact me today to get started!

If You’re Buying

  • More inventory means more negotiation power, especially for condos.

  • A balanced market allows you to make clear, informed decisions without pressure.

  • Recent interest rate adjustments may work in your favour, lowering your monthly payments.

If You’re Investing

  • Single-family homes continue to show long-term stability.

  • Condos may offer strategic entry points for new investors.

How I Help as Your Victoria Realtor

My mission as your Victoria realtor is simple: empowering you with clear, data-backed guidance so you can make confident real estate decisions.

Here’s what I offer:

  • Customized home valuations

  • Neighbourhood-specific market insights

  • Tailored listing strategies

  • Smart negotiation planning

  • Hands-on support from start to finish

When you work with me, you’re working with a dedicated Realtor who knows Victoria inside and out.

Ready to Make Your Move?

Whether you’re buying, selling, or exploring your options, I’m here to help you navigate the Victoria real estate market with clarity and confidence.

Let’s talk about your real estate goals — contact me today.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.