The Sooke Region’s November real-estate market showed a healthy year-over-year price gain, while sales remained relatively flat despite Victoria's broader market seeing a significant sales drop, according to the latest data from the Victoria Real Estate Board for transactions via the Multiple Listings Service.

 

24 residential sales across the three main categories of single-family, townhome and condominium units collated for November showed a slight drop from 26 sales in November of 2024, and an expected seasonal slide from October of 2025’s 35 cross-market sales.

 

This November, however, no condominium transactions made the cut as part of the 24-sale total, while last year, one condominium sale was recorded for the month.

 

MLS data shows 20 single-family homes were sold in the Sooke Region last month, which for the purposes of this market update, includes purchases within the Capital Region’s District of Sooke, East Sooke, and the communities of Otter Point through Jordan River.

 

The average price paid in the Sooke Region for a single-family-home was $1,042,282, a 7.8% jump over last November’s $966,690 average, and a significant lift of over 20% compared to October of this year, which saw an average of $865,705 across 28 transactions. The median this November was $890,000, while last November $859,000 was set. October’s median was $832,000.

 

South Island real-estate agent Ryan Cook (see website), of Victoria-based brokerage Remax Camosun, says Sooke’s relative sales and pricing stability compared to a broader market slow-down and downward price trajectory speaks to the desirability of the Sooke Region’s more modestly priced home offerings.

 

“Sooke remains a key entry point for first-time and entry level homebuyers in the Capital Region, and while it is not a dominant player within Greater Victoria’s real-estate market, it offers a significant value proposition for buyers across all three main housing categories,” Cook says.

 

Cook notes that in the price range of $1 million, a buyer in Sooke can step into a modern, well appointed home on a larger property and a high likelihood of a mortgage helper suite, whereas in the city centre and Victoria’s core, the same price point typically presents buyers with a fixer-upper, is unlikely to include a suite, and may require internal and/or external upgrades to meet current market trends.

 

 

“As is the case with any suburb, buyers will often balance factors like proximity to employment or proximity to amenities that urban living can offer. In a suburban market like Sooke's, the lower prices often include more house, more land, and a much newer home for a competitive price. This is a worthwhile trade-off for many buyers.”

 

In November, the broader Victoria market saw a single-family-dwelling average of $1,243,194 and a median of $1,133,000, significantly higher than Sooke’s prices for the month. Victoria’s property market also saw an 18% drop in sales to 451 from last year’s 551. Prices were just a touch higher year-over-year with a 1.8% lift for 2025.

 

As mentioned earlier in this article, there were no condominium sales recorded in Sooke for November, although in October, two units sold for $385,000 and $515,000. It should be noted, that the Sooke Region has a peculiarly small volume of condominiums relative to other housing types. Low sales volumes are typical month-to-month.

 

Townhomes, which number in greater frequency than condominiums, saw four sales in November at an average of $612,500. Last November there were also four sales, averaging $672,250. October of this year had five sales, averaging $688,925.

 

Looking towards the New Year, the Sooke Region is expecting further highway investments along the single route to and from the community via the Capital Region, known as Sooke Road or Highway 14. The Province is expected to proceed this winter on a new highway intersection in the community of Saseenos east of Sooke’s town centre. A second project will deliver right-hand turn lanes for westbound Highway 14 traffic in Sooke’s town centre, between Phillips Road and Church Road. The timing for the latter project is expected some time in 2026, although this timeline may have been pushed to 2027.

 

The District’s internal road network has been a point of resident contention for a number of years, due to its lack of cross-town connectivity and reliance on only a single route through the entire municipality. New road works are planned within the District of Sooke, including a highway bypass project along Throup Road that parallels Highway 14 between Phillips and Church roads. Known as the Throup Road Connector, the District is currently undertaking design work for the investment, with a potential borrowing referendum is planned for the 2026 municipal election in October. The scope of the project may or may not necessitate the referendum, however.

 

In other transportation news, BC Transit is expected to roll out new transit routes and commuter route improvements for connections between Sooke and downtown Victoria, and within Sooke. Timing and details of the expansion is expected in the coming weeks. C

 

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