Summer is in full swing here in Greater Victoria, and the July market numbers tell a story of steady activity with a few surprises. While things naturally slow down a little as people enjoy vacations, condos and townhomes are seeing renewed interest, and overall sales remain above last year’s pace. Here’s a breakdown of what happened in July.

Key Numbers at a Glance

• Total Sales: 680

  • Up 4.6% compared to July 2024

  • Down 10.6% compared to June 2025

• Active Listings: 3,703

  • Up 10.6% from July 2024

  • Down 2% from June 2025

Sales by Property Type (Year-over-Year)

• Single Family Homes: 318 sales (↓0.3%)

• Condominiums: 225 sales (↑5.6%)

• Townhomes: 97 sales (↑19.8%)

Benchmark Prices – Victoria Core

• Single Family Home: $1,338,800 (↑3.3% from July 2024)

• Condominium: $563,300 (↓0.8% from July 2024)

• Townhouse: $849,200 (↑3.3% from July 2024)

Market Insights

While sales activity eased from June’s busier pace, year-over-year numbers show condos and townhomes gaining momentum. Inventory levels remain higher than in recent years, giving buyers more choice and time to make decisions. Detached home prices saw a modest lift, while condo prices are still slightly under last year’s levels, which could mean opportunities for buyers looking for value in the core.

If you’d like to talk about how these trends might affect your buying or selling plans, I’d be happy to share my thoughts and help you make a confident move in this market.