Victoria Real Estate Market Update, July 2025

The Victoria real estate market in July 2025 has shown strong activity and stable pricing, making it an important time for buyers and sellers alike. Working with a top realtor in Victoria BC, like Brad Maclaren, ensures you have the expertise needed to navigate this evolving market.

Key Market Numbers for July 2025

According to the Victoria Real Estate Board (VREB), a total of 680 properties sold this July across the region. That’s a 4.6% increase compared to July 2024, though 10.6% fewer than in June 2025, reflecting the usual seasonal slowdown as families shift into summer routines.

Breaking down the numbers:

• Condominiums: 225 units sold, a 5.6% increase year-over-year

• Single Family Homes: 318 sold, holding steady with only a 0.3% decrease from July 2024

• Active Listings: 3,703 at the end of July 2025, 2% fewer than June 2025, but a 10.6% increase from July 2024

This increase in available listings compared to last year provides today’s buyers with more choice than they’ve had in several years.

Expert Insights from the Victoria Real Estate Board

“Typically, as the school year wraps up and summer holidays begin, our housing market relaxes somewhat,” explains 2025 VREB Chair Dirk VanderWal. “However, we did see a good pace of sales in July, and listing inventory remained at a stable level.”

This stability suggests that while some homes may attract multiple offers, buyers also benefit from having more time to carefully consider their options, a welcome balance after years of high-pressure markets.

Pricing Trends: What Buyers and Sellers Should Know

The MLS® Home Price Index shows that values continue to hold steady with only modest fluctuations:

• Single Family Homes (Victoria Core)

  • July 2024 Benchmark: $1,296,100

  • July 2025 Benchmark: $1,338,800 (+3.3%)

  • June 2025 Benchmark: $1,325,400

• Condominiums (Victoria Core)

  • July 2024 Benchmark: $567,800

  • July 2025 Benchmark: $563,300 (-0.8%)

  • June 2025 Benchmark: $562,800

For single family homes, the steady upward trend indicates continued demand, while condo buyers may find opportunities with slightly more competitive pricing.

What This Market Means for You

For Buyers:

• More active listings compared to last summer means greater choice in neighborhoods and price points.

• With pricing relatively stable, buyers can take advantage of less frenzied conditions to negotiate confidently.

• Condos may offer especially good value for first-time buyers or downsizers.

For Sellers:

• Single family homes continue to show healthy appreciation, making it a good time to consider listing.

• Strategic pricing and professional marketing are key to standing out in a balanced market.

• With fall typically seeing increased activity, preparing now can help you maximize exposure.

If you want more stats you can visit the BC Stats here.

Why Work with a Top Realtor in Victoria BC

Navigating the Victoria real estate market requires more than just watching the numbers, it demands a proven expert with deep local knowledge.

That’s where Brad Maclaren comes in. A trusted Realtor® since 2005, Brad has built his reputation as one of the Top 3 Best Real Estate Agents in Victoria (2014–2025, ThreeBestRated.ca). He has earned over 125 five-star reviews, reflecting years of delivering exceptional results for clients across the region.

Brad’s commitment to personalized service, combined with his in-depth understanding of Victoria’s neighborhoods and market trends, makes him the ideal guide whether you’re buying your first condo, upgrading to a family home, or preparing to sell.

Looking Ahead

With the busy spring market behind us and the fall season approaching, conditions are set to remain healthy and balanced. Buyers can expect continued variety in listings, while sellers will benefit from steady demand and an active pool of motivated purchasers.

If you’re considering a move, now is the time to plan your next steps. Partnering with an experienced Realtor ensures you’re not only up to date with the latest data but also equipped with strategies to make the most of today’s market.

Contact Brad Maclaren today for tailored advice, professional guidance, and the local expertise you need to achieve your real estate goals.