Vancouver Island Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 434 unit sales board-wide (all property types) in January. 205 single-family homes (SF) sold, up 36 per cent from January 2024. Sales of condos came in at 46 units, the same as in January 2024. In the row/townhouse category, 43 units sold, up 10 per cent from 2024.
Inventory also continues to rise, with 888 (versus 807 in 2024) active listings of single-family homes and 293 (versus 258) of condo apartments. However, the region saw a decrease in row/townhomes to 219 from 282 year-over-year. This translated into healthy sales increases in January.
| SF MLS ® | Average Sale $ | $ Change |
| Comox Valley | $937,633 | +11% last January |
| Campbell River | $789.909 | +11% last Jan. |
| Port Alberni/West | $652,146 | +11% last Jan. |
| Powell River | $718,363 | +8% last Jan. |
Comparing January 2024 and January 2025, the number of single family homes that sold in Campbell River increased from 16 to 23, Comox Valley increased from 20 to 27, Port Alberni-West Coast increased from 16 to 22, and Powell River increased from 14 to 19.
Benchmark prices also continued to rise. The single-family home benchmark price increased 3 percent year-over-year to $774,600, while the average benchmark price for apartments was up one percent to $393,600, and townhouses increased slightly to $540,000.
Regionally, Campbell River’s benchmark price for a single family home was up four percent year-over-year to $691,900; Comox Valley rose by two per cent to $827,000; Parksville-Qualicum increased 5 percent to $888,200; Port Alberni saw a three percent increase to $523,300; and the North Island rose eight per cent to $448,800. Powell River’s benchmark price was $718,363 or an increase of 8.3 percent.
Source: VIREB and PRSCREB Monthly Stats
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