Comox Valley Real Estate Market Update – February 2025
The Comox Valley real estate market in February 2025 showed a mix of steady home sales, shifting demand, and price fluctuations. Single-family home sales were up slightly, while condos and townhouses saw fewer sales but different price trends. Buyers are still actively looking, and sellers who price strategically are getting strong offers.
If you’re considering buying or selling a home in Comox Valley, here’s everything you need to know about February’s market trends.
February 2025 Market Highlights
- 37 single-family homes sold (+2.78% YoY)
- 14 condos sold (-22.22% YoY)
- 10 townhouses sold (-28.57% YoY)
- 1 land property sold (-66.67% YoY)
Average Sale Prices:
- Single-Family Homes: $856,754 (-1.67% YoY)
- Condos: $387,814 (-13.22% YoY)
- Townhouses: $601,150 (+5.86% YoY)
- Land: $470,000 (+1.51% YoY)
Days on Market:
- Single-Family Homes: 51 days (down from 62 last year)
- Condos: 117 days (up from 38 last year)
- Townhouses: 44 days (down from 62 last year)
What This Means for Buyers & Sellers
For Buyers:
- More negotiating power for condos – with longer days on market, buyers may have more room to negotiate.
- Townhouse prices are rising – if you’re looking for one, acting now might save you money later.
- Single-family homes are moving faster – competition is heating up in this segment.
For Sellers:
- If you price it right, it will sell! Homes that are strategically priced are moving quickly, with single-family homes selling at 98.89% of list price.
- Townhouses are in demand! If you own a townhouse, now may be the perfect time to list.
- Patience is key for condo sellers. With sales slower, staging and pricing strategy are more important than ever.
Should You Buy or Sell in Comox Valley Now?
The Comox Valley real estate market is seeing shifting trends in different property types. Buyers should act fast on townhouses while sellers of condos may need to adjust their strategies.Thinking about buying or selling? Let’s chat! I’d love to help you navigate the market.
