VIREB Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales board-wide (all property types) in March, down one percent from one year ago. Active listings rose to 3,708 from 3,488 in March 2024.
That translated to 1,162 active listings for single family homes, 408 condo apartments, and 317 row/townhouses.
When looking at sales, 301 single-family homes sold in March, up four percent year-over-year; 87 condo apartments or nine percent increase year-over-year; and 74 row/townhouses or a decrease year-over-year of nine percent.
Board-wide benchmark prices also continue to rise. Single-family homes rose four percent to $791,200; condo apartments one percent to $407,600; and row/townhouses three percent to $548,600.
| SF MLS ® | Average Sale $ | $ Change |
| Comox Valley: | $947,064 | -4% last March |
| Campbell River: | $680,006 | -11% last March |
| Port Alberni/West: | $501,352 | -14% last March |
| Powell River: | $598,580 | -7% last March |
Comparing March 2024 and March 2025, the number of single-family homes that sold in Campbell River decreased from 24 to 17, Comox Valley increased from 48 to 51, Port Alberni-West Coast was consistent with 27, and Powell River decreased from 27 to 19.
Benchmark prices continue to rise in north island communities, with Campbell River up three percent to $706,000; Comox Valley one percent to $848,500; Port Alberni three percent to $519,700; and the North Island up 13 percent to $446,600.
Source: VIREB and PRSCREB Monthly Stats.
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