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Cowichan Valley Real Estate Market Update — December 2025

As we close out 2025, the Cowichan Valley real estate market continues to show signs of stability, even in the face of broader economic uncertainty. According to the Vancouver Island Real Estate Board (VIREB), one word best defined the regional housing market this past year: resilience.

A Steady Year Despite Headwinds

Across Vancouver Island, total home sales in 2025 edged slightly higher compared to 2024, with 7,620 properties sold board-wide. While December activity slowed seasonally, the overall market held up well compared to other parts of British Columbia, particularly larger urban centres on the Lower Mainland.

In the Cowichan Valley specifically, December saw fewer sales than the same time last year, which is typical for this time of year. However, prices remained relatively steady, highlighting the region's underlying housing demand.

Home Prices in the Cowichan Valley

The benchmark price for a single-family home in the Cowichan Valley stood at $752,700 in December 2025, up modestly 1% year-over-year. This stability is notable given ongoing concerns around interest rates, inflation, and global economic uncertainty.

Condo apartments and townhomes across the broader board area experienced more variability, with some price softening in certain regions and modest gains in others. Overall, these segments continue to offer opportunities for buyers looking for alternatives to single-family homes.

Inventory and Market Balance

Active listings across Vancouver Island increased slightly from last year, giving buyers more choice than during the tighter markets of 2021 and 2022. In the Cowichan Valley, this balanced level of inventory has helped prevent sharp price swings while allowing well-priced, well-presented homes to continue attracting interest.

For sellers, this means pricing and preparation matter more than ever. For buyers, it means there is time to make informed decisions without the intense pressure seen in past years.

Looking Ahead to 2026

While interest rate cuts are not guaranteed in the near term, the Cowichan Valley continues to benefit from strong lifestyle appeal, long-term population growth, and steady demand from retirees, families, and move-up buyers. These factors help insulate the local market from more dramatic fluctuations seen elsewhere.

As we head into 2026, the local real estate market appears positioned for continued stability rather than sharp growth or decline.

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New property listed in Vi Oaklands, Victoria

I have listed a new property at 2969 Cedar Hill Rd in Victoria. See details here

Welcome to 2969 Cedar Hill, a 1914 home that offers flexibility, functionality, and a legal 2-bedroom suite. Located in a central area near Cedar Hill Golf Course, schools, and shopping, it’s a great opportunity for multi-generational living or added income. A substantial renovation in 2010 addressed the big-ticket items, including the foundation, roof, perimeter drains, windows, 200-amp electrical, plumbing, insulation, gutters, and skylights. The upper suite includes two bedrooms on the main level, plus a finished attic currently used as a primary bedroom, and a bright dining room that opens onto a south-facing deck. The lower suite features a spacious primary bedroom, a second room that can be used as a bedroom or office, and a practical, open-concept living and kitchen area. The fenced backyard offers room to play, garden, or expand your outdoor living. Whether you're looking for a character home with strong bones or a smart investment, this one checks all the boxes.

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I have sold a property at 8102 Bertha St in Crofton

I have sold a property at 8102 Bertha St in Crofton on Nov 27, 2025. See details here

Congratulations to my clients on the sale of their duplex in Crofton, BC. Thank you for trusting me to help you in your journey, and all the best with your future endeavour!

Welcome to this 3-bedroom plus den townhome located on a quiet street in charming Crofton. The main level features a spacious kitchen and dining area with a large island and built-in pantry, perfect for entertaining or keeping an eye on the kids while you cook. Morning light pours in through the front windows, while the ocean view serves as a daily reminder of how close you are to the coast. Upstairs you'll find two bedrooms, while the lower level offers a large primary bedroom with its own ensuite and walk in closet, along with a den ideal for a home office, guest room, or play space. Out back, enjoy a fully fenced yard with a storage shed and gravel pad with room for your trampoline, pool, or garden. Just steps away, the Crofton Seawalk offers stunning waterfront views, fresh ocean air, and a peaceful boardwalk for your daily unwind. Whether you're starting out, growing your family, or settling into a relaxed seaside lifestyle, this home is the perfect place to call your own.

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Cowichan Valley Real Estate Market Update — October 2025

Dave Hall | Cowichan Valley Realtor

The latest VIREB market statistics are in for October 2025, and the Cowichan Valley continues to show the steady, balanced performance we’ve seen throughout most of the year. While activity has cooled from the spring and summer, pricing across our region remains stable, supported by consistent demand and fewer homes entering the market.

Below is a clear breakdown of what happened in the Cowichan Valley last month — and what it means for both buyers and sellers heading into winter.

Single-Family Prices Remain Steady

The benchmark price for a single-family home in the Cowichan Valley reached:

📍 $803,700

Up 5% year-over-year

This benchmark reflects the typical home in our region and is one of the strongest indicators of underlying market stability. Even with slower sales, prices are holding firm — a sign that the Valley continues to be a desirable, resilient place to live.

The average sale price for the month came in at:

📍 $817,844

Up 5.37% compared to October 2024

This average aligns closely with the benchmark price, showing that the market has remained consistent and that higher-end or outlier sales aren’t skewing the numbers.

Sales Slow Slightly — A Typical Fall Pattern

There were 56 single-family home sales across the Cowichan Valley in October.
This is:

  • Down from 61 sales last year

  • Down slightly from 62 sales in September

This matches our usual seasonal trend: activity softens as we enter fall and winter, but does so without major price disruptions.

This year is following a normal cycle — something buyers and sellers should find reassuring after several years of unusual market conditions.

Inventory Levels Support a Balanced Market

Across Vancouver Island, VIREB describes the current landscape as a balanced market, with roughly six months of inventory. That’s a healthy place to be — neither favouring buyers nor sellers strongly, and reducing the frantic pace that characterized the last few years.

For Cowichan Valley homeowners, this means:

  • Well-presented, well-priced homes will still sell

  • Multiple offers are less common, but not impossible

  • Buyers are active, but more selective

  • Pricing accuracy is more important than ever

For buyers, the balanced conditions offer:

  • Less competition compared to spring/summer

  • More time to evaluate homes

  • Stable pricing without sudden jumps

It’s a calmer environment — which, for many, is exactly what they prefer.

What This Means Heading Into Winter

As we move deeper into November and toward the year’s end, we can expect:

✔ Continued balanced market conditions

Listings tend to taper off heading into December, which keeps supply at moderate levels.

✔ Stable, slightly increasing year-over-year prices

Cowichan Valley pricing has resisted downward pressure and continues to show steady growth.

✔ A good window for serious buyers

With fewer competing buyers, motivated purchasers can take their time and secure favourable terms.

✔ Sellers benefit from accurate pricing

Homes that are priced correctly and show well are still getting strong attention — even in the late fall.

Thinking About Buying or Selling?

If you’re considering a move or simply want a clearer idea of your home’s value in today’s market, I’m always happy to help.

Feel free to reach out anytime for:

  • A neighbourhood-specific pricing update

  • A buying plan for the winter market

  • A free home evaluation

  • A simple check-in about what’s happening in your area

I’m here to help make the process clear and steady, start to finish.

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I have sold a property at 2175 Baron Rd in Cobble Hill

I have sold a property at 2175 Baron Rd in Cobble Hill on Sep 15, 2022. See details here

Your private gated oasis awaits! From the moment you pull up, you feel at home. The beautiful custom three bed two full bath rancher sits on nearly an acre and features a super functional open plan, perfect for entertaining. The kitchen boasts loads of storage, an island and stainless appliances. The massive patio makes it easy to blend your indoor and outdoor living enjoying year round bbq’s. The large primary suite includes a big walk-in closet and ensuite with glass shower and tub. Two additional bedrooms and main bathroom, plus dining room round out the home. New heat pump has you covered for the summer sun and winter temps. The fun doesn’t stop there, in addition to an attached two car garage, there is also a large detached garage with office or recreational space above, and two car ports. Fully fenced for your two and four legged kids! This property truly is the hobbyists dream.

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I have sold a property at 2969 Cedar Hill Rd in Victoria

I have sold a property at 2969 Cedar Hill Rd in Victoria on Jun 29, 2022. See details here

1914 character home with revenue generating LEGAL 2 bedroom mortgage helper in a central location close to schools, shopping and Cedar Hill Golf Course. Major renovation done in 2010 with permits took care of the expensive items most older homes need including foundation, roof, perimeter drains, water and sewer service, windows, 200 amp electrical, plumbing, separate meters, gutters, skylights and attic insulation. The house has been a solid rental for 11 years and is ready for the new owner to put just a little polish on this well built home. The upper suite offers 2 bedrooms on the main floor with a huge attic level presently used as the primary suite. Well defined living/dining spaces with south facing deck off the dining room. Lower level has lovely open living space with great natural light, very large primary bedroom as well as another bedroom presently used as an office. Dishwashers and laundry in both units. Good sized back yard is great for kids, pets, a shed or greenhouse?

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I have sold a property at 114 3248 Sherman Rd in Duncan

I have sold a property at 114 3248 Sherman Rd in Duncan on Jul 14, 2023. See details here

Welcome to Moonlight Ridge! This complex boasts low density layout and high quality finishing. Features including all Samsung appliances, quartz countertops, soft closing cabinet doors, Aldes heat& energy recovery system, and high end bathroom fixtures, to name just a few. The crawlspace can accommodate your storage need, and the private backyard is garden lover's dream. The floor plan is ideal for elders and families, as the living space is on the main level, and two generous size bedrooms are on the upper level, both equipped with a bathroom and a lot of closet space. This complex is situated in a family oriented neighbourhood in Duncan, where all amenities are at doorstep, and all levels of schools are within walking distance. All measurements are approximate & should be verified if important.

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I have sold a property at 5 6175 Marsh Rd in Duncan

I have sold a property at 5 6175 Marsh Rd in Duncan on Jan 16, 2023. See details here

Nice and roomy 1524 sq.ft. 3 bedroom 2 bath townhome in Marsh Meadows Duncan BC - Walking distance to schools and shopping this home has lots of room - Nice open concept floorplan up - Kitchen with ample cupboards - newer appliances and backsplash detail large dining living room combo - Also on this floor is large primary bedroom and second bedroom as well as 4pce bathroom - downstairs is a large entrance with storage and then a huge family room with access to the fenced rear yard - another good sized bedroom and a 2 pce bath and laundry room complete the downstairs - Newer windows, enclosed carport with garage door, located close toparks and trails and in a well taken care of comples. Super first time home or investment property - lots of guest parking and pets allowed

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I have sold a property at 3127 Moorfield Rd in Duncan

I have sold a property at 3127 Moorfield Rd in Duncan on Feb 21, 2023. See details here

A wonderful family home walking distance to Drinkwater & Mt. Prevost schools. This lovely family home has seen several upgrades over the past few years including, New windows, Fireplace Inserts , Luxury vinyl flooring,Main entry door, Kitchen, bathrooms, rear deck , & Fir wood floors. On the main level you've generous sized living & dining rooms, Kitchen, 3 bedrooms and a 4-piece bathroom. Downstairs you'll find a beautifully renovated 3-piece bathroom, laundry room, and plenty of storage, The kids can hang out in the spacious Family room. The owners converted a bonus room into a cozy 4th primary bedroom with a wood insert fireplace. The large back yard is level, fully fenced, a laid out as a large vegetable garden including Apple,Cherry, & Pear trees, Blueberry, raspberry, grape & Strawberry plants. The deck off the main level leads down to a very spacious patio covered by a large pergola. Next to the property is Moorfield Neighborhood Park & playground for your family’s enjoyment.

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I have sold a property at 476 Ypres St in Duncan

I have sold a property at 476 Ypres St in Duncan on Sep 30, 2022. See details here

Great 1.5 storey character home close to downtown on a dead end street. Well landscaped yard with an older single garage. 2 bedrooms on main level with 4 piece bath. Newly finished loft up stairs that runs the length of the building with 3 piece bath. Newer kitchen. Dining area and living room with new fireplace insert. Enjoy the air conditioning with the one year old heat pump. Newer metal roof. Please allow notice as young family. Possession very flexible. Property also possible for redevelopment with multi family zoning in Duncan. Great investment property for living renting or developing.

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I have sold a property at 21 2785 Wallbank Rd in Shawnigan Lake

I have sold a property at 21 2785 Wallbank Rd in Shawnigan Lake on May 24, 2024. See details here

Indulge in modern comfort without compromise with Knightway Modular Homes. This affordable yet contemporary residence offers a perfect fusion of style and practicality. With 3 bedrooms and 2 baths across 1300 sqft, experience an intelligently designed floor plan seamlessly connecting the kitchen and living room. Vaulted ceilings and ample windows flood the living space with natural light, creating an inviting atmosphere. Outside, the 300sqft porch and meticulously landscaped yard add to the comfort this home brings. With the interior currently undergoing renovations, each purchase includes a complete appliance package, affording you some choice in finishes and colors. Welcome to a new era of contemporary living with Knightway Modular Homes

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I have sold a property at 5859 Auburn Cres in Duncan

I have sold a property at 5859 Auburn Cres in Duncan on Dec 20, 2023. See details here

Peace, privacy and tranquility here! Situated on a quiet rural cul-de-sac, just minutes to town, is where you’ll find this 4 bedroom, 3 bath, 2,254 sq.ft, two level family home. The .23 acre parcel features a large & level fenced back yard, mountain views and it’s surrounded by farmland. There’s a welcoming tiled front entrance, a feature fireplace in the living & cozy wood stove in the basement for those cold winter months, a double carport with attached garden/storage shed, big basement family room for the kids & a big deck off the kitchen for BBQs and entertaining. The primary bedroom on the main level features a 4pc ensuite and slider access to the deck. 2 more bedrooms on the main for younger children & a 4th on the lower level for teens or guests. Loads of space here for a growing family and with a partly finished basement, there’s lots of opportunity for you to add your finishing touches. Don’t wait, see it today!

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.