Victoria Real Estate in September: Stability, Shifts & Your Opportunity 🍂


Posted on Oct 03, 2025

🍁 Market in Balance: September’s Story


September’s real estate market in Greater Victoria hit a sweet spot. Not too fast, not too slow. A total of 554 properties sold, just 3% fewer than last year but up 5.5% from August. This shows that despite shifting interest rates and seasonal trends, demand remains steady.
Here’s what stood out:
  • Single-family homes: Sales climbed 6.3% year-over-year with a benchmark price of $1,294,800. Prices are holding fairly steady, just a touch lower than August.
  • Condos: Softer month, with sales down 18.5% year-over-year. The benchmark condo price dipped slightly to $547,500, which may open the door for first-time buyers as rates ease.
  • Townhomes: Quietly strong — sales up 9.1% compared to last year, with a benchmark of $854,300.
  • Inventory: We’re sitting at 3,694 active listings, up nearly 10% from last year. That’s good news for buyers who now have more choice and time to make decisions.
What does this mean for you?
We’re officially in what’s called a balanced market 
 neither sellers nor buyers hold all the cards. Sellers still benefit from solid demand (especially for well-presented, correctly priced homes), while buyers have breathing room to be thoughtful in their decisions. Translation: no more frantic bidding wars, but still plenty of movement.
With interest rates on the way down, we may see renewed energy in the months ahead — especially in the condo segment as affordability improves.

Rick’s Take 👋

“I love where the market is right now. It’s steady, it’s balanced, and it’s giving both buyers and sellers a chance to breathe. If you’re selling, presentation and pricing are more important than ever
 no shortcuts. If you’re buying, you actually get time to think (and maybe even sleep on it!) before making a move. That’s a rare gift compared to the frenzied markets we’ve seen in the past. Personally, I see this as a great season for smart, strategic decisions.”If you’re curious about what this all means for your home’s value or your next move, I’d be happy to chat. Whether it’s a quick check-in or a full strategy session or complimentary home evaluation, I’m here to help.
Let’s stay connected,
Rick
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