January kicked off the year with lower numbers of sales and new listings over January of 2025 however average sale price for a single-family home in the Cowichan Valley remains relatively steady and level, up just 1.55% over January of last year.
Condo numbers were well up across the board over numbers in January 2025 but still holding steady, sales up just 0.97% and Average sale price up 1.26% in the last 12 months to date.
Townhome sales were up over January 2025 but down 1.36% over the last 12 months. Average sale price held steady, down just 0.60% over the last year. Listings saw a 6.03% bump up in the same period.
The latest Vancouver Island Real Estate Board (VIREB’s) media release reported a 10% drop in recorded sales thru January over those recorded in January 2025 while active listings saw a 6% increase in the same period, throughout the VIREB Board area.
VIREB reports the benchmark price for a single-family home in the Cowichan Valley at $751,800, well in line with the board-wide average reported at 768,900. Overall, our markets both here in the Cowichan Valley and throughout the VIREB board area remain balanced, continuing to hold steady and compare favourably with markets on the mainland. The calm and balanced market conditions we saw throughout 2025 are anticipated to carry on thru 2026.
That said, Spring is just around the corner! Sellers thinking of hitting the market should start preparing now. Buyers planning to take advantage of increased inventory typical of spring should be talking with their mortgage broker and getting pre-approved now. Need help getting your plans underway? Reach out for a free consultation. I’d love to chat!
Get more information 👉 check out the latest VIREB media release Here
