Victoria’s real-estate market posted its first month of higher year-over-year sales in April since July of 2025, while average prices for condominiums and townhomes jumped compared to 12 months ago, according to the latest data from the Victoria Real Estate Board.

 

April’s 643 sales were one unit higher than last April, a small but meaningful win for 2026 which started off with a marked monthly sale reduction compared to early 2025, following a slower fall compared to 2024.

 

Victoria Real Estate Board (VREB) data for Multiple Listings Service (MLS) sales shows 331 single-family homes sold in April for a 2% lower average than in 2025, at $1,361,015 with a median at $1,170,000. Last year, 335 houses sold at an average of $1,389,467, the year’s peak monthly price point, which had an annualized average of $1,305,083. The median last April was also higher than this April, at $1,200,000. So far in 2026, the January through April average is $1,353,478.

 

Despite the single-family segment’s slight April down-tick in price and sales, Victoria real-estate agent Ryan Cook (see website) of brokerage Remax Camosun says the single-family-home market continues to see significant buyer interest, particularly for homes with a legal suite priced in the $1 million to $1.2 million range.

 

“One of my most recent listings that featured a single-family-home with a suite generated dozens of showings its first weekend and multiple offers, and had an accepted offer that Sunday at $1.2 million,” Cook says. “Based on feedback from my colleagues, homes in that price range within Victoria’s urban core and even some suburban areas are a real sweet spot, and can lead to competing bids. Similar listings have been a market driver since last year.”

 

The condominium market had strong turn-out in April with 198 MLS sales averaging $644,260 with a median at $545,000. Last year, 187 sales averaged $604,573 with a median of $547,000, giving this year’s average a lift of 6.5%. So far in 2026, condominiums are averaging $645,208 compared to an annual average in 2025 of $609,243.

 

The townhome segment saw 78 deals via MLS at an average price of $822,166 and a median at $752,500, a 3.2% increase for the average over April of 2025’s $795,421 over 79 sales, although the median dropped this year by 2.9% from $775,000. So far in 2026, townhomes are averaging $831,704 compared to a 2025 average of $830,125.

 

Cook says that success for sellers in the current market is primarily a price decision, with sellers that over-estimate the value of their property experiencing difficulty with attracting offers, and often facing prolonged sales programs that can include re-lists.

 

“Quite a number of properties that hit the market last fall have returned to the market this spring, often at lower price points, and more in-line with where the market actually is compared to where sellers may have initially thought it was,” Cook notes, adding that “it can be confusing for sellers to see rising averages month over month and such a strong start to 2026, while also being told that their property should be priced somewhat aggressively to generate interest. But as the averages and medians may be increasing, so too is competition among sellers, meaning buyers continue to leverage more power by virtue of so much competition among sellers, and if a home is not unique or likely to appeal to a broad range of buyers, its sales success is strongly associated to value.”

 

Cook cites one of his recent sold listings as an example of a property priced in alignment with market conditions, listed for $1.99 million and selling for $1.94 million in just over two weeks.

 

"The inclination for this seller may have been to price at over $2 million, however, at below that major threshold, the listing generated much more interest and an offer for the seller in a relatively short amount of time," Cook said.

 

In April, VREB data shows that 1,740 new listings appeared on MLS, the highest so far in 2026, and 111 units more than last year. Total listings on the market reached 3,710 units, the highest for April since 2015. In March, there were 3,261 listings.

 

In light of growing seller competition, the value proposition is particularly important in the condominium segment, Cook says, where lingering inventory particularly in downtown Victoria, has weighed on sellers.

 

“Your best foot forward on price particularly matters in the condominium market, which has undergone a lengthy softening in the city centre, and regionally, buyers are responding more favourably to some layouts compared to others and that means some listings can accumulate days-on-market,” Cook says. “My advice to condominium sellers is to be realistic with price expectations and to take to heart advice from their real-estate professionals, as this segment of the market is experiencing multiple challenges.”

 

Another factor Cook suggests, is for sellers not landing traction with their listing to work with the first offer they receive, even if it doesn’t align with their price expectation.

 

“The first offer on a property that isn’t immediately generating buyer interest is usually considered the best offer, and more often than not, it is representative of where the market is. Sellers caught in a lengthy sales program may instinctively object to that offer, but so often, it turns out to have been the best offer.” C

 

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