Vancouver East Real Estate Market Update – June 2025

Detached Homes Surge in Sales as Condos and Townhomes Hold Steady

June 2025 data for Vancouver East highlights an unusual split in performance across property types. Detached homes saw a significant increase in sales activity despite price declines, while condos and townhomes faced slower demand and downward price adjustments. The overall market remains active but continues trending toward balanced conditions.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 736 (+19.9% YoY)
  • Sales: 96 (+28.0% YoY)
  • Days on Market Average: 33 (+50.0% YoY)
  • MLS® HPI Benchmark Price: $1,831,800 (-3.2% YoY)

Condos

  • Total Active Listings: 623 (+8.5% YoY)
  • Sales: 108 (-15.0% YoY)
  • Days on Market Average: 29 (+38.1% YoY)
  • MLS® HPI Benchmark Price: $686,500 (-3.5% YoY)

Townhomes

  • Total Active Listings: 140 (+21.7% YoY)
  • Sales: 27 (0.0% YoY)
  • Days on Market Average: 23 (-8.0% YoY)
  • MLS® HPI Benchmark Price: $1,104,400 (-3.8% YoY)

Market Trends & Expert Insights

  • Detached Homes: Demand Surges Despite Price Decline
    Detached homes led the market this month with 96 sales (+28% YoY), even as prices fell 3.2% YoY. Inventory grew nearly 20%, and homes are taking longer to sell (33 days vs 22 last year), signaling a competitive but more balanced environment.
  • Condos: Softer Demand, Longer Timelines
    Condo inventory increased slightly, but sales dropped 15% YoY, while days on market rose to 29 days. Prices eased 3.5%, suggesting a shift toward a buyer-favorable segment.
  • Townhomes: Flat Sales Amid Price Pressure
    Townhome activity was essentially flat YoY, but inventory jumped 21.7%. Benchmark prices declined 3.8%, even as average selling time shortened slightly. Buyers have more options and stronger negotiating power here.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 13.0% → Balanced Market
    • Condos: 17.3% → Balanced Market (softening)
    • Townhomes: 19.3% → Balanced Market (leaning seller)

What This Means for Buyers & Sellers

For Buyers:

  • Detached homes offer value opportunities, as prices soften despite active sales.
  • Condo buyers can negotiate favorable terms, given slower demand.
  • Townhome buyers benefit from high supply and price flexibility.

For Sellers:

  • Detached sellers still enjoy healthy demand but should price realistically to compete.
  • Condo and townhome sellers need sharp pricing strategies to stand out in an inventory-rich environment.

Final Thoughts

Vancouver East’s June market shows strength in detached sales, coupled with price adjustments across all segments, reflecting a more balanced and competitive market. Buyers now have more choice, while sellers must adapt to longer timelines and tighter pricing expectations.

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