The Greater Victoria real estate market has settled into a steady rhythm. Prices are holding firm, sales are healthy, and both buyers and sellers have room to make smart moves.
According to the Victoria Real Estate Board, 617 properties sold in October 2025 across the region. That’s 5.7% fewer than last October but 11.4% more than September. There were 3,423 active listings at the end of the month, a 7.3% decrease from September and an 8.3% increase compared with October 2024. This balance creates a market that rewards preparation and timing.
In the Victoria Core, the benchmark value for a single-family home was $1,276,500, a 1.8% drop compared with the previous year. The condo benchmark rose slightly to $551,000, up 0.6%. Townhomes in the Core held near $845,800, down just 1%.
Neighborhood activity remains diverse.
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Saanich East led October sales with 62 detached homes sold and $85 million in total volume.
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Oak Bay continued to attract high-end buyers, with luxury sales averaging over $2.2 million.
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Langford and Colwood remain strong options for buyers looking for newer homes and better value on the Westshore.
What This Means for You
Buyers:
Inventory is higher than last year, and the pace is calm enough for thoughtful decisions. Focus your search in Langford (V9B), Saanich East (V8N), or Vic West (V9A) to balance affordability with lifestyle.
Sellers:
Homes that show well and are accurately priced are still moving quickly. With motivated buyers and a balanced market, this is a strong window to list before the holidays.
For Both:
This late-fall stability gives you the chance to plan clearly. The key is preparation, positioning, and partnership with the right team guiding your timing and strategy.
Neighborhood Tip
If you own in Fairfield (V8V) or James Bay (V8V), steady pricing in the Core helps your property stand out when marketed well. On the Westshore, in Langford or Colwood, newer developments are attracting first-time buyers and investors who value space and convenience.
Your Next Step
The Greater Victoria market is calm, focused, and full of potential for those who act intentionally. Reach out to the Happy Homes Team for a personalized market snapshot. We’ll show you how your property or your purchase goal fits into today’s conditions and help you take your next step with confidence.