Looking for a trusted Victoria BC real estate agent who actually breaks down the numbers? Here's your August 2026 Victoria BC housing market update, covering single family homes, condos, townhouses, and waterfront properties across Greater Victoria, based on VREB (Victoria Real Estate Board) statistics.August 2026 Victoria BC Market at a Glance
In August 2026, Victoria BC saw 499 total residential sales across single family, condo, townhouse, and waterfront properties, up from 445 in August 2025. Sales rose in every category except townhouses, which held roughly steady. Condo prices climbed the most, up about 7% year over year, while single family, townhouse, and waterfront prices all eased slightly. Waterfront homes sold dramatically faster, in 63 days versus 105 a year earlier.- Single Family: 238 sales (up from 208), avg. $1,236,292, 46 days to sell, 378 active listings
- Condo/Apartment: 175 sales (up from 152), avg. $625,363, 54 days to sell, 325 active listings
- Row/Townhouse: 63 sales (down from 66), avg. $843,966, 53 days to sell, 159 active listings
- Waterfront: 23 sales (up from 19), avg. $2,016,413, 63 days to sell, 36 active listings
Victoria BC Single Family Home Market – August 2026
Single family homes remained the busiest segment for Victoria BC realtors this August, with 238 sales up from 208 a year earlier. Average price eased slightly to $1,236,292 from $1,255,148 in August 2025, and days on market held steady at 46 in both years. Active listings dropped from 406 to 378, giving buyers a bit less to choose from even as sales picked up.
Victoria BC Condo and Apartment Market – August 2026
Condos and apartments were the standout this month, with sales climbing to 175 units from 152 a year earlier. Average prices rose to $625,363 from $583,282, and it took a little longer to sell at 54 days versus 44 the year before. Listings also grew, from 291 to 325, so buyers had more options even in a market moving in sellers' favour.
Victoria BC Townhouse Market – August 2026
Row and townhouse sales softened slightly, dipping from 66 units to 63. Average prices came down to $843,966 from $870,978, and homes took a little longer to sell at 53 days versus 50 the year before. Listings jumped noticeably, from 112 to 159, giving buyers considerably more room to negotiate in this segment.
Victoria BC Waterfront Real Estate – August 2026
The waterfront market saw sales rise from 19 to 23 units, even as average prices eased to $2,016,413 from $2,113,789. The bigger story is speed: waterfront homes sold in just 63 days compared to 105 the previous August, with listings holding flat at 36. Well-priced waterfront properties are finding buyers much faster than they did a year ago.
Is Now a Good Time to Buy or Sell in Victoria BC?
Overall, August 2026 showed a market gaining momentum on the sales side, with single family, condo, and waterfront sales all up year over year, while townhouse sales held mostly steady. Condos were the one segment where prices and days on market both climbed, pointing to real demand for well-priced units. Elsewhere, buyers found a little more negotiating room, with listings up and prices flat to slightly lower for single family, townhouse, and waterfront homes. Whether you're buying your first home, upsizing, or selling a waterfront property, local pricing and days-on-market trends make a big difference to your strategy.
Frequently Asked Questions
What was the average home price in Victoria BC in August 2026?
The average single family home in Victoria BC sold for $1,236,292 in August 2026, slightly down from $1,255,148 in August 2025. Condos averaged $625,363, townhouses averaged $843,966, and waterfront properties averaged $2,016,413.
How many homes sold in Victoria BC in August 2026?
Victoria BC saw 238 single family home sales, 175 condo/apartment sales, 63 townhouse sales, and 23 waterfront sales in August 2026, according to VREB statistics.
How long does it take to sell a house in Victoria BC?
In August 2026, single family homes took an average of 46 days to sell, condos took 54 days, townhouses took 53 days, and waterfront properties took 63 days, down sharply from 105 days for waterfront homes in August 2025.