Downtown Real Estate

Waterfront condos, heritage charm, and the heart of the capital

Downtown

Victoria

Waterfront condos, heritage charm, and the heart of the capital
-
Median price
-
active listings
-
avg. day on market
-
Yoy median price change
Explore all of
Victoria

Downtown Victoria is the heart of the capital, where waterfront condos, heritage charm, and the working inner harbour share a few walkable blocks. The Empress Hotel, Bastion Square, Chinatown's Fan Tan Alley, and the seawall along the harbour set the everyday backdrop, with restaurants and theatres on every corner. Downtown real estate is overwhelmingly condo-driven, ranging from heritage loft conversions in Old Town to glass-and-steel towers along Yates and Wharf. Single-family homes are scarce. There are 2 houses for sale at a median of $1.38M, moving in 70 days, with prices year-over-year. There are also 185 condos at a median of $509K. Browse every Downtown listing below with sold data and live market stats. Explore the live Downtown market dashboard for 24-month price trends, inventory and days-on-market.

Downtown

Market Pulse

Live Data
Avg Price per Sqft
Avg. Days on Market
Avg. Sale-to-Assessed Ratio
Avg. Sale-to-List Ratio

Months of Inventory (MOI)

The time it would take to sell all current listings at the current sales pace. Responsive to filters.

— MOI
Seller's (< 4) Balanced (4-6) Buyer's (> 6)
Current Status
From live data
Sales Volume 12 months
22 Sales · Apr 2025
Monthly Sales Trend
12-month rolling · Updated live
22 Sales · Apr 2025
Median Sale Price 12 months
$1.2M Median · Apr 2025
Median Price Trend
12-month rolling · Updated live
$1.2M Median · Apr 2025
market analysis

How the Downtown market is moving

Median sold prices in Downtown are down 3.9% compared with a year ago, and homes trade at a median of $748 per square foot. By property type, Downtown sees single-family homes around $1.38M, condos around $509K, townhomes around $788K. Recently, 6% of sales closed above the asking price, with homes averaging 49 days on market. Sale prices have been running near 96% of BC Assessment value. Sales activity tends to peak around June and is quietest around January, a useful signal for timing a purchase or sale.

Questions about

Downtown

?

Get the inside scoop on off-market listings and upcoming inventory from our local specialist.

778.678.9815
DUSTIN MILLER
Contact Me
on the market

Active Listings

Browse current properties for sale in this municipality

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.

transaction history

Recently Sold in

Downtown

log out (VOW Account)

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.

by property type

Downtown homes by type

Downtown Houses for Sale

2 for sale
median $1.38M

Downtown houses sold prices & stats →

Downtown Condos for Sale

185 for sale
median $509K · -3.7% YoY

Downtown condos sold prices & stats →

Downtown Townhomes for Sale

6 for sale
median $788K · -20.3% YoY

Downtown townhomes sold prices & stats →
listings

Downtown homes for sale & sold prices

The 10 most recent home sales in Downtown had a median sold price of $487,000. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.

12 homes for sale in Downtown
10 recent sales in Downtown
explore

More Victoria neighbourhoods

All Victoria homes for sale →
questions & answers

Downtown real estate FAQ

Is Downtown a buyer's or seller's market right now?
Downtown is currently a buyer's market with 6.2 months of inventory (MOI). There are 195 active listings and approximately 28 sales in the last 30 days, indicating higher inventory giving buyers more negotiating power. A MOI below 4 indicates a seller's market, 4–6 is balanced, and above 6 is a buyer's market.
What is the median home price in Downtown?
The current median home price in Downtown is $514K. This is down 3.9% compared to the same period last year. This is based on 751 sales over the past 12 months.
How should I price my home in Downtown?
Homes in Downtown are currently selling at 96.8% of their list price, with an average of 49 days on market. Homes are selling below asking price, typical of a buyer's market. Pricing competitively from the start is important to avoid extended time on market. Of recent sales, 6% sold above list price and 86% sold below.
How long do homes take to sell in Downtown?
Homes in Downtown currently take an average of 49 days to sell, which is at a slower pace, giving buyers more time to negotiate. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in Downtown?
The median price per square foot in Downtown is $748. This metric is useful for comparing value across different property sizes and types.
Are homes in Downtown selling above or below assessed value?
Homes in Downtown are selling at an average of 96.0% of their BC Assessment value (based on 77 recent sales). Homes are selling below their BC Assessment values, which can occur in a softening market or when assessments haven't been adjusted down.
How many homes are selling in Downtown?
In the last 30 days, 28 homes sold in Downtown. Over the past 12 months, 751 properties have sold. There are currently 195 active listings on the market.
Are real estate sales increasing or decreasing in Downtown?
Sales volume in Downtown has been decreasing over the last 3 months: Mar 2026 (41 sales), Apr 2026 (25 sales), May 2026 (28 sales). Over the full 12-month period, there were 751 total sales.
How many homes, condos, and townhomes are for sale in Downtown?
There are currently 195 properties for sale in Downtown, including 2 single family homes, 185 condos, 6 townhomes. Listings are updated daily from the MLS® system.
What is the condo market like in Downtown?
The median condo price in Downtown is $509K (-3.7% year-over-year). The condo market is currently a buyer's market with 6.1 months of inventory. Condos take an average of 49 days to sell. The median price per square foot for condos is $753. There were 727 condo sales in the past 12 months.
What is the townhome market like in Downtown?
The median townhome price in Downtown is $788K (-20.3% year-over-year). The townhome market is currently a buyer's market with 9 months of inventory. Townhomes take an average of 64 days to sell. The median price per square foot is $650. There were 16 townhome sales in the past 12 months.
What homes have recently sold in Downtown and for how much?
There have been 751 homes sold in Downtown over the past 12 months, with 28 selling in the last 30 days. The median sold price is $514K. Recent median sold prices: Mar 2026: $484K, Apr 2026: $566K, May 2026: $488K. View all recently sold properties in Downtown with photos, sold prices, and days on market on the 8X Real Estate Downtown page.
What condos have recently sold in Downtown?
727 condos have sold in Downtown over the past 12 months, with 27 selling in the last 30 days. The median sold price for condos is $509K (-3.7% year-over-year). Recent median prices: Mar 2026: $476K, Apr 2026: $566K, May 2026: $487K.
What townhomes have recently sold in Downtown?
16 townhomes have sold in Downtown over the past 12 months, with 1 selling in the last 30 days. The median sold price for townhomes is $788K (-20.3% year-over-year). Recent median prices: Feb 2026: $1.18M, Mar 2026: $775K.
195 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate