Vancouver East Real Estate Market Update – April 2025

Sales Slide as Listings Rise—Buyers Gaining Negotiating Power

April 2025 continues the cooling trend across Vancouver East’s housing market, with all property types showing increased inventory, slower sales, and longer days on market. While prices remain relatively stable, the data indicates that buyers are gaining leverage, particularly in the detached and townhome segments.

Here’s a breakdown of the latest numbers and market shifts.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 677 (+26.1% YoY)
  • Sales: 67 (-42.7% YoY)
  • Days on Market Average: 25 (+56.3% YoY)
  • MLS® HPI Benchmark Price: $1,852,000 (-0.5% YoY)

Condos

  • Total Active Listings: 601 (+14.7% YoY)
  • Sales: 110 (-22.5% YoY)
  • Days on Market Average: 24 (+9.1% YoY)
  • MLS® HPI Benchmark Price: $703,600 (-2.1% YoY)

Townhomes

  • Total Active Listings: 131 (+12.0% YoY)
  • Sales: 22 (-21.4% YoY)
  • Days on Market Average: 27 (-28.9% YoY)
  • MLS® HPI Benchmark Price: $1,128,400 (-1.3% YoY)

Market Trends & Expert Insights

  • Detached Homes: Marked Drop in Sales Activity
    Detached home sales declined sharply (-42.7% YoY), while listings surged 26.1%. Homes are taking significantly longer to sell (25 days, up 56.3% YoY), and the benchmark price has dipped slightly (-0.5%). This segment is firmly moving into buyer-friendly territory.
  • Condos: Inventory Up, Price Down
    Condos remain relatively active but are seeing growing inventory (+14.7%) and declining sales (-22.5%). Average time on market rose to 24 days, and prices declined 2.1% YoY. Buyers are taking their time and negotiating more confidently in this segment.
  • Townhomes: Slowing But Selling Quicker
    Townhome sales dropped 21.4%, and inventory rose 12% YoY, but unlike other segments, days on market fell to 27 days (a 28.9% improvement). This suggests well-priced townhomes are still appealing to buyers, even as overall market conditions cool. However, prices softened slightly (-1.3% YoY).
  • Sales-to-Active Ratio Snapshot:
    • Detached Homes: 9.9% → Buyer’s Market
    • Condos: 18.3% → Balanced Market (with buyer-leaning pressure)
    • Townhomes: 16.8% → Balanced Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached home buyers have ample choice and time to negotiate, with prices flattening and inventory rising.
  • Condo buyers benefit from more listings and slightly lower prices—timing and negotiation are on their side.
  • Townhome buyers may still face competition on well-priced listings, but the broader trend is in their favour.

For Sellers:

  • Detached sellers must price competitively and prepare for longer selling times.
  • Condo sellers will need to differentiate through pricing, staging, or value offerings.
  • Townhome sellers should remain realistic—homes are moving, but buyers are still watching value closely.

Final Thoughts

Vancouver East’s market is cooling, with inventory rising faster than buyer demand. Detached and condo segments are shifting toward buyers, while the townhome segment shows resilience but signs of pressure. Sellers need to stay agile in their strategies, and buyers can navigate the market with growing confidence.

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