Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 493 unit sales board-wide (all property types) in February, the same as one year ago. Active listings rose to 3,235 from 3,153 in February 2024.
Condo apartments and row/townhomes continued to show year-over-year increases. Condo apartments were up 12 percent year-over-year and 30 percent from January with 60 sales, while townhomes increased 5 percent year-over-year and 42 percent over January with 61 sales. Single family homes decreased by 4 percent but increased 17 percent from January with 239 sales.
Active listings were up 3 percent year-over-year with 975 single family homes, 376 condo apartments and 245 townhomes.
| SF MLS ® | Average Sale $ | $ Change |
| Comox Valley | $856,754 | -1.7% last February |
| Campbell River | $817,075 | +16% last Feb. |
| Port Alberni/West | $637,211 | 0% last Feb. |
| Powell River | $679,335 | +9% last Feb. |
Comparing February 2024 and February 2025, the number of single-family homes that sold in Campbell River increased from 21 to 26, Comox Valley increased from 36 to 37, Port Alberni-West Coast decreased from 26 to 18, and Powell River increased from 15 to 17.
Boardwide benchmark prices were up slightly year-over-year for single family homes at $773, 200 (2 percent), condo apartments at $404,600 (2 percent) and townhomes at $541,800 (1 percent). Regionally, Campbell River’s benchmark prices increased 3 percent to $682,400; the Comox Valley 1 percent to $824,300; Parksville- Qualicum 2 percent to $879,400; Port Alberni 3 percent to $523,100; and North Island 13 percent to $440,000.
Source: VIREB and PRSCREB Monthly Stats
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