FAIR REALTY | Victoria BC
Artful Living.
Finding Spaces That Inspire
free buyers package
Serving Victoria B.C and surrounding area
Real estate, much like art, is about vision — imagining what could be, finding beauty in the details, and creating something uniquely your own. I believe in helping people discover homes that feel like an extension of themselves — spaces that inspire creativity, connection, and comfort.
VICTORIA MARKET DATA
A balanced Victoria real estate market continues to provide consumers with options
A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 per cent fewer than the 654 properties sold in October 2024 and 11.4 per cent more than in September 2025. Sales of condominiums decreased by 15 per cent from October 2024 with 159 units sold. Sales of single family homes increased by 2.9 per cent from October 2024 with 350 sold.
“The local real estate market remains reasonably balanced,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Single family homes are currently seeing the strongest demand, and this month we saw the highest number of October sales since 2020. However, condo sales were slightly more restrained than single family and townhome sales over the past month. We have not seen a significant decrease in prices as a result, but those shopping for condos will find a good variety to choose from with time to make decisions.”
There were 3,423 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2025, a decrease of 7.3 per cent compared to the previous month of September and an 8.3 per cent increase from the 3,161 active listings for sale at the end of October 2024.
“The Bank of Canada made another interest rate cut late in October,” notes Chair VanderWal. “It’s too early to determine if this will affect demand, but consumers are likely watching and waiting to see what will happen to fixed and variable mortgage rates. As we move toward winter, the housing market tends to cool off with the weather. The Victoria real estate market is dynamic, and can change course depending on consumer activity. For assistance selling or buying, connect with your favourite Victoria REALTOR® who can help you understand the trends and how your property fits in the current market.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2024 was $1,300,200. The benchmark value for the same home in October 2025 decreased by 1.8 per cent to $1,276,500, down from September’s value of $1,294,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2024 was $547,800, while the benchmark value for the same condominium in October 2025 increased by 0.6 per cent to $551,000, up from the September value of $547,500.
Overview of the Real Estate Market
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4,090,000 existing homes were sold in 2023, according to data from the National Association of REALTORS®. Sales of new single‐family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to the U.S. Census Bureau.
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There are over 360,000 real estate brokerage firms operating in the United States (Real Estate and Rental and Leasing: Summary Statistics for the U.S., States, and Selected Geographies: 2022).
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Preliminary results from the U.S. Energy Information Administration's Commercial Buildings Energy Consumption Survey (CBECS) show that there were 5.9 million commercial buildings in the United States in 2018, comprising 97.0 billion square feet of floor space.
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There are approximately 125.7 million occupied housing units in the United States, according to the 2022 American Community Survey.
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According to the 2023 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 10 years. The typical home size is 1,860 square feet. The typical The typical first-time buyer was 35 years old this year, slightly down from 36 last year, while the typical repeat buyer age fell to 58 years from an all-time high of 59 years.
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In 2022, 66.1% of families owned their primary residence, according to the Federal Reserve's Survey of Consumer Financespdf.
Home Buyer Statistics
First-Time vs. Repeat Buyers:
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First-time buyers: 24%
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Median age of first-time buyers: 28
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Median age of repeat buyers: 61
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Median household income of first-time buyers: $97,000
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Median household income of repeat buyers: $114,300
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The typical home purchased was 1,900 square feet in size, was built in 1994, and had three bedrooms and two bathrooms.
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Among those who financed their home purchase, buyers typically financed 74% of the home price.
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88% of buyers purchased their home through a real estate agent or broker.
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Buyers who would use their agent again or recommend their agent to others: 88%
Home Seller Statistics
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The typical home seller in 2024 was 63 years of age, had a median household income of $112,500, and lived in their home for 10 years.
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90% of sellers were assisted by a real estate agent when selling their home.
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Recent sellers typically sold their homes for 100% of the listing price, and 21% reported reducing the asking price at least once.
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The typical home sold was on the market for 3 weeks.
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38% of sellers who used a real estate agent found their agents through a referral by friends or family, and 28% used the agent they previously worked with to buy or sell a home.
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Sellers who definitely would use same agent again: 72%
Source: 2024 Profile of Home Buyers and Sellers (National Association of REALTORS®)
For Sale By Owner (FSBO) Statistics
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FSBOs accounted for 6% of home sales in 2024. The typical FSBO home sold for $380,000 compared to $435,000 for agent-assisted home sales.
Community Involvement:
I believe that volunteer work and being involved in the community is incredibly important. Giving back not only helps strengthen the place we live, but also creates real connections with the people around us. Contributing time and energy to community initiatives builds trust, support, and a sense of belonging that benefits everyone
Over the years, I’ve been fortunate to be involved in a variety of community spaces—from volunteering at Cedar Hill Recreation Centre teaching childresn pottery classes, to being active with the Moss Street Market. Today, I continue to support organizations that make a lasting impact, serving on the Board of Directors for the Greater Victoria Women’s Shelter and giving time each week to Habitat for Humanity. Each experience has deepened my commitment to building stronger, more connected communities
head to the form below to recieve a copy of my curated buyers guide, it contains all the information you'll need to get started! No catch, just a gift from me to you.
Why use a REALTOR®.?
To be a REALTOR®, an agent must be a member of The Canadian Real Estate Association (CREA). This means agents are duty bound to serve you to the best of their abilities, and follow a specific code. This code is the accepted standard of conduct for all real estate practitioners who are REALTORS® specifically. It’s our guarantee of professional conduct and quality service. Read more at CREA.ca
Referral options...
Not ready to buy yet?
But maybe you know someone that is...
I offer an EXCEPTIONAL referral bonus for all closed deals for both you and your friend/colleague/neighbour. Text or email me at 250-551-2250 / meganjayne.realestate@gmail.com and I'll send you all the exciting details.
Let your connections bring you closer to home ownership.
Jazz C - 2023
"Megan was an absolute pleasure towork with during the process of selling my home. She was proactive, communicative, and constantly went the extra mile. I always felt well-informed and supported as she stayed on top of every detail. I highly recommend Megan!"
Tyler S - 2024
"megan helped me buy my first home in Victoria. The house she found couldn't have been more perfect for my needs and she helped negotiate a price point that I could do. Her effort level is high and was able to think outside the box. Couldn't be more happy"
Oliver C - 2025
"Megan is a fantastic REALTOR®! She's very nice, communicates clearly, and really helped me find my perfect home at a great price."
