Track current townhome market conditions around Duncan and in Lake Cowichan, Cowichan Bay and Mill Bay, including asking-price ranges, price per square foot, days on market and active inventory for townhouses listed through the Vancouver Island Real Estate Board. The figures are generated from current MLS® data and update as units are listed, sold or repriced.
Cowichan Valley townhome market caution: Townhome listings here mix 1970s complexes with large floor plans, new three-storey units with warranties, age-restricted patio homes and the occasional higher-end unit in Mill Bay, which can list far above a typical Duncan townhouse. A new complex releasing units at once can also shift the averages. Compare units of similar age and layout in the same part of the valley.
Cowichan Valley Townhome Market Townhouses and patio homes around Duncan and in Lake Cowichan, Cowichan Bay and Mill Bay
How to Read the Numbers
Understanding Cowichan Valley Townhome Market Data
Most valley townhomes are around Duncan, but complex age and bylaws divide them into several smaller markets.
01
New Versus Older Complexes
Newer complexes on Duncan's west side carry warranties and modern layouts, while 1970s to 1990s complexes often offer more space for less money but face roof and envelope work. The share of each among current listings moves the averages.
02
Adult-Oriented Complexes
Several complexes around Duncan and in Lake Cowichan are limited to residents 55 and over. Their single-level units attract a narrower pool of buyers, which can affect asking prices and how long units take to sell.
03
Small Outlying Markets
Lake Cowichan, Cowichan Bay and Mill Bay each have only a few complexes, so one or two listings can swing their figures. Waterfront or view units in these communities sit well above the valley's typical townhome price.
04
Active Listings, Not Sold Prices
These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.