If you’re wondering how the Comox Valley real estate market is shaping up this spring, May 2025 brought some notable changes — and some consistent trends. Whether you’re thinking of buying, selling, or just staying in the loop, here’s your breakdown of what’s happening in our beautiful corner of Vancouver Island.
Single-Family Homes Still Reigning
In May, single-family detached homes in the Comox Valley saw an average sale price of $951,203, up 6.33% from May 2024. Despite a slight dip in monthly sales volume (68 homes sold, down 12.82%), overall sales for the past 12 months are up over 11%.
Key Stats:
- Average Days to Sell: 32 days (down from 48 – homes are moving faster!)
- Sell-to-List Price Ratio: 98.43%
- Year-over-Year Price Increase: 6.33%
Condos: Cooling Sales, Steady Prices
Condo sales took a bit of a breather this May, with a 43% drop in units sold compared to last year. However, the average sale price still ticked up 4%, landing at $400,021.This might be the opportunity buyers have been waiting for — more choice, slower pace.
Townhomes: Lower Listings, Higher Value
Row/townhouse sales were down 28%, but average sale prices still grew by 5.56% year-over-year. With fewer listings and strong demand, townhouses remain a competitive segment.
What Does This Mean for You?
Whether you’re house-hunting in Courtenay East or selling your slice of Comox, timing and strategy matter more than ever. With fewer listings and faster sales in key markets, buyers need to be pre-approved and ready to move. Sellers? Make the most of low inventory and list with a strategy tailored to your neighborhood.
Thinking about making a move this summer? Let’s chat about how these trends affect your real estate goals.
