Vancouver East Real Estate Market Update – February 2025

Market Balancing with Mixed Signals Across Property Types

Vancouver East’s February 2025 market snapshot reflects a dynamic mix of rising inventory, stabilizing prices, and shifting buyer sentiment. Detached homes are seeing more listings but softer sales, condos show early signs of price pressure, while townhomes stand out with strong demand and price growth.

Here’s a full breakdown of this month’s numbers and expert analysis of what’s driving the market.

Key Market Stats for February 2025

Detached Homes

  • Total Active Listings: 537 (+31.0% YoY)
  • Sales: 55 (-14.1% YoY)
  • Days on Market Average: 40 (+14.3% YoY)
  • MLS® HPI Benchmark Price: $1,862,500 (+1.6% YoY)

Condos

  • Total Active Listings: 457 (+9.6% YoY)
  • Sales: 92 (-21.4% YoY)
  • Days on Market Average: 25 (-13.8% YoY)
  • MLS® HPI Benchmark Price: $684,800 (-3.2% YoY)

Townhomes

  • Total Active Listings: 98 (-2.0% YoY)
  • Sales: 26 (+23.8% YoY)
  • Days on Market Average: 17 (-26.1% YoY)
  • MLS® HPI Benchmark Price: $1,169,800 (+5.4% YoY)

Market Trends & Expert Insights

  • Detached Homes: Supply Surge Dampens Sales Detached properties continue to see inventory rise sharply (+31.0% YoY), while sales fell 14.1% compared to last year. Days on market increased to 40 days, reflecting slower movement. Despite this, the benchmark price rose 1.6%, hinting that well-located homes are still commanding decent prices, but the market is softening.
  • Condos: Pressure Building on Pricing Condo inventory rose 9.6%, while sales fell 21.4% YoY, pointing to cooling demand. Notably, homes are selling faster with average days on market down nearly 14%, suggesting active buyers are honing in on well-priced units. However, prices have slipped 3.2% YoY, a potential sign of increasing buyer leverage.
  • Townhomes: Strong Demand, Rising Prices The townhome segment is this month’s standout. Inventory dipped slightly (-2.0%), while sales jumped 23.8% YoY. Homes are selling quickly—just 17 days on market, down 26.1% from last year. This demand is driving prices up 5.4% YoY, making townhomes the tightest segment of the Vancouver East market.
  • Sales-to-Active Ratio Insights:
    • Townhomes: 26.5% (Seller’s Market)
    • Condos: 20.1% (Balanced Market)
    • Detached Homes: 10.2% (Buyer’s Market)
    Townhomes are clearly in a seller’s market, while condos remain balanced, and detached homes lean heavily toward buyers.

What This Means for Buyers & Sellers

For Buyers:

  • Detached home buyers have the upper hand with more listings and slowing sales.
  • Condo buyers benefit from price adjustments and ample choice but need to act quickly on well-priced units.
  • Townhome buyers face strong competition, limited inventory, and upward pricing pressure.

For Sellers:

  • Detached homeowners should price competitively—the market is cooling.
  • Condo sellers must stay mindful of buyer sensitivity to price.
  • Townhome sellers are in a favorable position, with homes selling fast and prices rising.

Final Thoughts

Vancouver East’s February market is showing clear segmentation—detached homes are shifting toward buyers, condos remain balanced but softening, while townhomes continue to perform strongly. It’s a market of opportunity and risk, depending on the property type.

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