Vancouver West Real Estate Market Update – April 2025

Sales Slow Down While Inventory Climbs Across All Property Types

The Vancouver West real estate market continued its cooling trend in April 2025, with sales declining in the detached and townhome segments despite notable inventory growth. While condo activity remained stable, price softening and rising days on market suggest a market that’s gradually shifting in buyers’ favour.

Here’s what the latest data reveals.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 740 (+19.4% YoY)
  • Sales: 52 (-41.6% YoY)
  • Days on Market Average: 34 (-2.9% YoY)
  • MLS® HPI Benchmark Price: $3,427,100 (-2.5% YoY)

Condos

  • Total Active Listings: 2,050 (+10.7% YoY)
  • Sales: 324 (+2.9% YoY)
  • Days on Market Average: 33 (+10.0% YoY)
  • MLS® HPI Benchmark Price: $847,200 (-0.6% YoY)

Townhomes

  • Total Active Listings: 331 (+19.5% YoY)
  • Sales: 38 (-22.4% YoY)
  • Days on Market Average: 28 (-9.7% YoY)
  • MLS® HPI Benchmark Price: $1,424,700 (-4.4% YoY)

Market Trends & Expert Insights

  • Detached Homes: Buyer Demand Slips
    Detached sales fell sharply (-41.6% YoY) even as inventory climbed nearly 20%. Despite the increase in supply, homes are selling slightly faster than last year, which may indicate motivated sellers adjusting prices. The benchmark price dropped 2.5% YoY, reflecting cooling conditions in this high-end segment.
  • Condos: Stable Sales, Subtle Softening
    Condo sales rose modestly (+2.9% YoY) and inventory grew 10.7%, suggesting a still-active market. However, days on market increased to 33, and prices dipped slightly (-0.6% YoY)—indications that buyers are becoming more selective and have greater negotiating power than earlier in the year.
  • Townhomes: Slowing Activity, Notable Price Drop
    Townhomes saw a 22.4% drop in sales and a 4.4% decline in benchmark prices, despite faster turnover than last year (28 days on market, down 9.7%). This segment is showing early signs of price correction as rising inventory meets cooling demand.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 7.0% → Buyer’s Market
    • Condos: 15.8% → Balanced Market
    • Townhomes: 11.5% → Balanced Market (trending toward buyer’s)

What This Means for Buyers & Seller

For Buyers:

  • Detached home buyers have clear negotiating power with growing inventory and declining sales.
  • Condo buyers can expect more balance—active listings are up, and sellers are slightly more flexible on price.
  • Townhome buyers may find opportunities as prices soften, particularly on listings that have been sitting longer.

For Sellers:

  • Detached sellers must price strategically in a buyer’s market to attract attention.
  • Condo sellers will need strong marketing and competitive pricing to stay ahead as options increase.
  • Townhome sellers should monitor price trends closely, as downward pressure could intensify if sales don’t rebound.

Final Thoughts

Vancouver West is increasingly shifting toward a more buyer-friendly environment, particularly in the detached and townhome segments. While condo activity is still relatively strong, the overall trend points to more caution from buyers and the need for sharper pricing from sellers.

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