📈 April Activity Shows Spring Confidence—Even Amid Uncertainty
April saw 642 properties sold across Greater Victoria, a 4.7% increase over March, though 5.3% lower than April 2024. While sales volume is down slightly year-over-year, we’re seeing the kind of steady activity that signals buyer confidence returning.
Breakdown by property type:
Single-family homes: 335 sold (virtually flat YoY)
Condos: 187 sold (down 10.1% YoY)
Townhomes: 79 sold (down 3.7% YoY)
The takeaway? Well-priced detached homes in key neighbourhoods are still moving quickly, while the condo market continues to offer opportunity for buyers with more selection and negotiating room.
💰 Pricing Remains Steady
Despite the broader economic backdrop, prices are holding steady, which reflects balanced supply and demand. In fact, the benchmark price for a single-family home in the Victoria Core rose by 3.3% year-over-year to $1,344,800.
Benchmark prices:
Single-family homes: $1,344,800 (↑ 3.3% YoY)
Condos: $566,100 (↑ 0.9% YoY)
Townhomes: $853,700 (data updated for April; slight YoY softening)
That means sellers who take a strategic approach can still achieve top-dollar outcomes—especially in areas like Saanich East, Sidney, and North Saanich, where I continue to see strong interest from motivated buyers.
🏡 Inventory Has Risen—So Has Buyer Choice
There were 3,425 active listings at the end of April, a 13.3% increase from March and 13.5% higher than April last year. While this gives buyers more options, it also raises the bar for sellers.
The good news? We’re sitting in a “sweet spot” of inventory—enough to allow choice, but not enough to trigger downward pressure on prices. This is what a balanced market looks like.
🔍 What This Means for You
For Buyers:
Now is a good time to get serious. There’s more inventory, and homes aren’t flying off the shelves like they were during the pandemic highs. But make no mistake—the good ones are still going fast, especially in prime locations and price bands.
For Sellers:
You need more than just a sign on the lawn. With more competition, the right pricing strategy, compelling marketing, and polished presentation are essential. I’m currently helping sellers succeed even in more balanced conditions—multiple offers are still happening when listings are dialed in.
Let’s Talk Strategy
The April market proved that even in a climate of economic noise, Victoria real estate remains resilient. Whether you're considering selling, buying, or just watching for the right time, having the right advisor makes all the difference.
💰 Average Prices by Municipality – A Closer Look
To give you even more context, here’s a breakdown of average sale prices by municipality for April 2025. This shows how values vary across Greater Victoria—and helps both buyers and sellers understand what’s typical in their area or where they may want to move next.
🏡 Single-Family Homes:
Victoria/Victoria West: $1,395,823
Oak Bay: $2,010,700
Esquimalt: $1,131,900
View Royal: $1,227,600
Saanich East: $1,584,500
Saanich West: $1,181,200
Central Saanich: $1,175,100
North Saanich: $1,371,700
Sidney: $1,073,300
Colwood: $1,058,900
Langford: $1,047,900
Metchosin: $1,186,400
Sooke: $1,088,100
Gulf Islands: $1,039,600
🏘️ Townhomes:
Victoria/Victoria West: $815,600
Oak Bay: $1,160,000
View Royal: $607,500
Saanich East: $887,200
Saanich West: $818,300
Central Saanich: $687,000
Sidney: $855,600
Colwood: $857,100
Langford: $739,200
Sooke: $631,000
Gulf Islands: $661,100
🏢 Condos:
Victoria/Victoria West: $604,573
Esquimalt: $685,546
View Royal: $525,414
Saanich East: $618,363
Saanich West: $548,778
Central Saanich: $537,450
North Saanich: $725,000
Sidney: $741,000
Colwood: $596,340
Langford: $516,502
Gulf Islands: $656,000
📞 Thinking about your next move?
Let’s chat—no pressure, just good strategy.
Dan Juricic | 250.514.8261
Serving Victoria, Saanich, and the Peninsula