Vancouver Island Home Values in August 2025

Vancouver Island Real Estate Market Report: August 2025

Combined Zones: Vancouver Island Board Area

Source: Vancouver Island Real Estate Board

Homeowner check-in for August 2025: Did my home go up in value, and how many days would it take to sell? For the combined Board Area, average prices were higher than August 2024 for single family detached, condominiums, and townhomes. Typical time to sell in August 2025 was about 53 days for single family, 62 days for condos, and 51 days for townhomes.

Executive Snapshot

Single Family Detached: Avg price $894,567, ▲ 3.0% YoY. Pace: 53 days. Sales-to-active: 20.7%. Months of inventory: 4.8.
Condominiums: Avg price $440,382, ▲ 5.7% YoY. Pace: 62 days. Sales-to-active: 18.7%. Months of inventory: 5.4.
Townhomes: Avg price $606,669, ▲ 3.7% YoY. Pace: 51 days. Sales-to-active: 20.3%. Months of inventory: 4.9.
Listings trended lower year over year across all three segments, while sales were slightly higher, keeping conditions balanced to mildly seller-leaning in some niches.

Reference period: August 2025 versus August 2024 for year-over-year calculations. Month-over-month change is [missing] where prior-month data is not provided.

Market by the Numbers

Single Family Detached (Combined)

Metric	Current	MoM %	YoY %
Average Price	$894,567	[missing]	+2.9%
Median Price	$819,000	[missing]	N/A
Units Sold	423	[missing]	+6.6%
New Listings	647	[missing]	−12.9%
Active Listings	2,042	[missing]	−7.5%
Days to Sell	53	[missing]	−3.6%
Sale-to-List Price	97.22%	[missing]	−0.1%
Sales-to-Active Ratio	20.7%	[n/a]	[n/a]
Months of Inventory	4.8	[n/a]	[n/a]

Condominiums (Apartment)

Metric	Current	MoM %	YoY %
Average Price	$440,382	[missing]	+5.7%
Median Price	$427,000	[missing]	N/A
Units Sold	74	[missing]	+8.8%
New Listings	104	[missing]	−9.6%
Active Listings	396	[missing]	−9.4%
Days to Sell	62	[missing]	+3.3%
Sale-to-List Price	97.34%	[missing]	0.0%
Sales-to-Active Ratio	18.7%	[n/a]	[n/a]
Months of Inventory	5.4	[n/a]	[n/a]

Townhomes (Row/Townhouse)

Metric	Current	MoM %	YoY %
Average Price	$606,669	[missing]	+3.7%
Median Price	$597,500	[missing]	N/A
Units Sold	72	[missing]	+4.4%
New Listings	124	[missing]	−14.5%
Active Listings	355	[missing]	−2.5%
Days to Sell	51	[missing]	0.0%
Sale-to-List Price	97.81%	[missing]	−0.4%
Sales-to-Active Ratio	20.3%	[n/a]	[n/a]
Months of Inventory	4.9	[n/a]	[n/a]

Segment Highlights

Single Family Homes

Did my value go up? Yes: the average sale price rose to $894,567, up 2.9% compared with August 2024.

How many days will it take to sell? Typical time to sell was about 53 days in August 2025.

Sales outpaced last year’s level and new listings were lower, putting the sales-to-active ratio near 21%, consistent with balanced conditions bordering on seller-leaning in some sub-markets.

Condominiums

Did my value go up? Yes: the average sale price reached $440,382, up 5.7% year over year.

How many days will it take to sell? The median condo took roughly 62 days to sell in August.

Inventory eased year over year and pricing firmed. With a sales-to-active ratio of about 19%, condos remained in broadly balanced territory.

Townhomes

Did my value go up? Yes: the average sale price was $606,669, a 3.7% annual increase.

How many days will it take to sell? The typical townhome sold in about 51 days this August.

Fewer new listings and steady sales held months of inventory just under five, and sale-to-list prices remained tight at 97.81%.

Commentary

August 2025 delivered firmer pricing across all three major residential segments relative to August 2024, with the strongest annual gain in condominiums. Supply contracted year over year, and sales edged higher, keeping conditions balanced overall, with single family and townhomes hovering around the twenty percent sales-to-active threshold. Marketing times were roughly seven to nine weeks, which is consistent with a steady late-summer market. Sale-to-list price ratios near ninety-eight percent signal limited discounting when homes are properly priced.

What this means for homeowners

Price trend: Up year over year across single family, condo, and townhome segments, led by condos. Sales activity: Slightly higher than last year with fewer new listings, supporting stable to mildly competitive conditions.

Expected time to sell: Single family ≈ 53 days, Condos ≈ 62 days, Townhomes ≈ 51 days. Inventory and buyer behaviour: About 4.8 to 5.4 months of inventory suggests balanced conditions; well-priced homes are selling with modest negotiation room.