The Cowichan Valley market stayed steady through October, showing balanced conditions and moderate price growth across most property types. Here’s how things shaped up last month:
🏠 Single-Family Homes
- Sales: 56 homes sold (down 8% from October 2024)
- Average Price: $817,844 (+5.4% year-over-year)
- Median Price: $732,500
- Days to Sell: 50 (slightly faster than 53 last year)
- Active Listings: 238 (down from 296 last year)
➡️ Takeaway: Despite slightly fewer sales, single-family home prices are holding strong, supported by limited inventory and healthy demand.
🏘️ Townhomes
- Sales: 11 units sold (down 35% from last year)
- Average Price: $529,718 (–10.9%)
- Median Price: $500,000
- Days to Sell: 36 (down sharply from 60 days last year)
➡️ Takeaway: Activity slowed this month, but quicker selling times suggest serious buyers are acting decisively on well-priced listings.
🏢 Condos
- Sales: 10 units sold (+25% year-over-year)
- Average Price: $389,940 (+12.4%)
- Median Price: $290,500
- Days to Sell: 93 (up from 37 last year)
➡️ Takeaway: Condo demand remains steady, with higher prices reflecting limited affordable options elsewhere in the market.
🌲 Land
- Sales: 7 parcels sold (down 22% year-over-year)
- Average Price: $486,071 (–12.1%)
- Median Price: $400,000
- Days to Sell: 61 (faster than 73 last year)
➡️ Takeaway: Land sales remain slower, though shorter selling times indicate continued interest from buyers planning ahead for 2026.
- Fewer new listings and tighter inventory are helping maintain price stability.
- Buyer activity is still healthy, especially for well-maintained single-family homes under $850K.
- Townhomes and condos continue to attract value-focused buyers, while land sales remain subdued.
As we head into November, the market typically cools in pace but not in potential. Motivated buyers remain active before the holidays, and sellers with move-in-ready homes often benefit from less competition.If you’re curious about how recent sales may have affected your home’s value — or planning a move for early 2026 — now is a great time to start the conversation.
