Our Cowichan Valley Market remained mostly level and balanced thru this past August with minimal changes to numbers over those reported thru August 2025. New listings for Single Family Homes dropped -1.06%, Average Sale Price was up +6.08% and Units Sold dropped -3.39%. Over the last 12 months to date, the Average Sale price for a single family home here saw just a slight increase of 2.72%.
Despite Sales being up +8.79% overall in the last 12 months, the sale of Condos in the Cowichan Valley dropped by -41.67% thru August over Sales reported in August 2025. Average Sale Price was down -1.56% & Units Listed drop -31.25% in the same period. Average Sale Price was reported up a marginal +0.08% over the last 12 months.
Townhouses Units Listed in August were exactly on par with those reported in August 2025. Sales were up +14.29% and the average sale price dropped -5.00% in the same period. Viewed over the last 12 months, New Listings were up +8.93%, Sales were up +12.00% & the Average Sale Price remained relatively unchanged, up just +0.59%.
Bare land continues to be in short supply with Units Listed down -50% over those in August 2025 (down -7.30% overall in the last 12 months). Average Sale price was up 8.54% over last August numbers (up more than +23.00% over the last 12 months).
Although August saw double those reported last year, Sales dropped by -26.15% over the last 12 months to date. The Vancouver Island Real Estate Board (VIREB) reported 651 Sales for all property types in August 2026, down -4% from a year ago. Active listings for all types were reported at 4,498, up +2% in the same period.
Here in the Cowichan Valley, our Benchmark price for a single family home was $779,300, just slightly lower that the Board wide Benchmark at $788,100, but up +1% from August 2025.
School is back in session & Autumn is definitely in the air. As we shift into our fall market, Buyers are still active but are carefully weighing options before making their moves. New Sellers are benefiting from recent sales data and are entering the market with a competitive edge if they are prepared to price accordingly. Homes that have been on the market for some time should be carefully reviewing and adjusting ensure they are still in line with market conditions. Although its worth noting that sales for some types of Real Estate are taking a little longer than they may have a year ago.
Thankfully the impact of trade uncertainty affecting other areas of B.C.’s economy has been limited in our housing market. That said, attracting the right buyer still requires calculated pricing and a proven marketing strategy. Choosing the right property requires precise planning & prudent due diligence. Whether buying or selling, expert Real Estate guidance is your safeguard! Thinking of making a move? Real Estate is what I do, reach out for a free consultation.
Get more information 👉 check out the latest VIREB Media release.
