February of 2026 saw some dips over numbers reported in February of 2025 but overall our market continues to remain mostly balanced with prices and inventory holding steady.   All types of real estate in the Cowichan Valley saw drops in units reported sold thru February over those in February 2025.  Average sell price dipped for Single family homes and Condos in the same period however average sell price is up for all types of real estate over the last 12 months to date.

Inventory of Single-family homes listed over the last 12 months to date dropped 8.71% while at the same time, inventory for Condos and Townhomes rose 13.79% and 14.60% respectively.  Bare land units listed and reported sold saw big dips while the average sell price rose 11.27%.

The Vancouver Island Real Estate Board (VIREB) reported “rebounding single-family home sales over January”, noting 465 sales in February for all property types throughout the VIREB Board area, down 3% from a year ago. Active listings through the same period were up 4%.  Our benchmark in the Cowichan Valley was $756,800 in February 2026 & continues to measure in line with the Board wide average of $772,300.  

With spring just around the corner, we’re already seeing plenty of new inventory coming on the market and expect to see an increase in activity for both Buyers and Sellers as we head into sunnier days.  If you are thinking of hitting the market this spring, reach out for a free consultation now.  Advance planning will help you stand out and hit the ground running in a busy spring market!