The Cowichan Valley real estate market held steady through September 2025, showing a balanced pace of activity across single-family homes, townhomes, condos, and land. Here’s a closer look at what happened last month:
🏡 Single-Family Homes
- Sales: 63 homes sold (flat compared to September 2024)
- Average Price: $781,769 (down slightly from $787,809 last year, -0.77%)
- Median Price: $755,000
- Days to Sell: 45 days (faster than last year’s 58 days, -22%)
- Inventory: 274 active listings, down from 331 last year
➡️ Takeaway: Prices are stable, but homes are selling more quickly with fewer listings available, signaling healthy demand.
🏘️ Townhomes
- Sales: 19 units sold (up 46% from last year)
- Average Price: $555,918 (+1.4% year-over-year)
- Median Price: $573,500
- Days to Sell: 88 days (longer than last year’s 54 days)
➡️ Takeaway: Townhomes are in higher demand, though buyers are taking more time before finalizing purchases.
🏢 Condos
- Sales: 12 units sold (up 33% year-over-year)
- Average Price: $359,983 (+16.2% from last year)
- Median Price: $355,500
- Days to Sell: 77 days (up slightly from 74 last year)
➡️ Takeaway: Condo prices have jumped, reflecting affordability pressures and strong buyer interest in entry-level housing.
🌲 Land
- Sales: 4 parcels sold (down 43% year-over-year)
- Average Price: $416,652 (down 10.5% from last year)
- Median Price: $280,000
- Days to Sell: 92 days, down from 144 last year
➡️ Takeaway: Land sales are slower, with fewer listings and lower prices, suggesting buyers are prioritizing move-in-ready homes.
📊 Overall Market Snapshot
- Demand for homes remains steady, with sales keeping pace with last year.
- Fewer listings mean buyers face more competition, especially in the single-family and townhome markets.
- Condos are seeing strong price growth, making them an increasingly popular choice for affordability.
- Land sales continue to cool, reflecting caution around building costs and timelines.
What This Means for You
- Sellers: Well-priced homes are moving faster — especially single-family homes under $800k.
- Buyers: Competition is healthy but not overheated. You’ll want to be prepared with financing and act quickly on desirable properties.