Our market here in the Cowichan Valley continues to remain active and relatively balanced. Despite a 16.44 % drop in single family home new listings in June 2025 over June 2024, inventory has risen 4.61% overall in the last 12 months to date.  Both Average sell price and sales are up as well. Condo sales dropped 22.69% over the last 12 months to date while both the Average Sell Price and new unit Listings both rose slightly over the same time period.  Both the number of sales and the number of new listings for bare land dropped over the last year while the Average Sell price rose 10.48%

The Cowichan Valley Market remains robust, active and in line with the Vancouver Island Real Estate Board’s latest Market Update.  VIREB’s Chair, Olivier Naud indicates that “despite some oddities and anomalies in local markets, the Vancouver Island housing market is proving to be remarkably resilient. It continues to buck the trend of declining home sales experienced on the Lower Mainland”. 

Continued economic uncertainty makes predicting future market conditions challenging.  In BC it appears inventory is building while sales decline, indicating a possible shift to more buyer-friendly conditions.  On the Island, sales activity is down modestly from a year ago however the benchmark price for a detached single-family home is up in most areas, including here in the Cowichan Valley where our benchmark price thru June rose 1%, currently at $801,800.   Sales are still up and overall, we’re in good shape here with ample opportunities for both Buyers and Sellers to achieve their real estate goals.

Considering making a move?  Reach out and let’s chat about how we can maximize your investment in today’s market.