Victoria Real Estate Market Sees Steady Growth in February
March 3, 2025 – A total of 528 properties were sold in the Victoria area last month, marking a 12.3% increase compared to February 2024 and a 25.1% jump from January 2025.
Condo sales saw a significant boost, rising 26.3% from last year, with 192 units sold. Sales of single-family homes also increased, up 4.5%, with 234 homes changing hands.
“February was another stable month for our local real estate market,” said Dirk VanderWal, Chair of the Victoria Real Estate Board. “With inventory gradually increasing and sales picking up slightly, the market remains well-balanced, offering good opportunities for both buyers and sellers. After nearly two years of steady prices and with interest rates remaining favorable, 2025 is shaping up to be a great year for real estate.”
Victoria Real Estate Stats for Condos and Apartments in February 2025
The real estate market for condos and apartments in February has made strong improvements since this time last year. With an extra 26% units being sold last month, the average selling price jumped up a healthy 10%. The average number of days to sell slipped down to 42 days from 44.
Victoria Real Estate Stats for Single Family Homes in February 2025
The single family home market did not enjoy the same level of success as the condos and apartments market in February. Although the average selling price did improve 5%, the number of units sold actually decreased and the average selling time jumped 13%.
Victoria Real Estate Stats for Townhomes and Duplexes in February 2025
The market for townhomes and duplexes is also looking flat in February compared to last year. The average selling price inched down 1% and the number of total units sold slid 13%. The bright spot was the average selling time, which improved from 40 to 33 days.
