North Vancouver Real Estate Market Update – April 2025

Market Shifts as Inventory Rises and Price Growth Softens

April 2025 brought a mix of stability and adjustment to North Vancouver’s housing market. While detached home sales held relatively steady, townhomes and condos saw noticeable drops in buyer demand, even as inventory surged. All property types are seeing longer days on market and slight price corrections, suggesting a slow but steady shift in market dynamics.

Here’s what the numbers reveal this month.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 364 (+26.4% YoY)
  • Sales: 73 (-3.9% YoY)
  • Days on Market Average: 17 (+30.8% YoY)
  • MLS® HPI Benchmark Price: $2,199,000 (-2.6% YoY)

Condos

  • Total Active Listings: 457 (+50.8% YoY)
  • Sales: 96 (-17.9% YoY)
  • Days on Market Average: 22 (+15.8% YoY)
  • MLS® HPI Benchmark Price: $815,200 (-1.0% YoY)

Townhomes

  • Total Active Listings: 138 (+40.8% YoY)
  • Sales: 24 (-51.0% YoY)
  • Days on Market Average: 20 (+53.8% YoY)
  • MLS® HPI Benchmark Price: $1,325,300 (-4.5% YoY)

Market Trends & Expert Insights

  • Detached Homes: Relatively Stable, But Slight Price Correction
    Sales for detached homes dropped only slightly (-3.9% YoY), holding up better than other segments. However, listings rose 26.4%, and the benchmark price dipped 2.6%. Homes are taking longer to sell (17 days on market), suggesting buyer caution despite ongoing demand.
  • Condos: Supply Spike Meets Slowing Sales
    Condo inventory jumped 50.8%, while sales dropped nearly 18%. Days on market increased to 22 days, and prices dipped 1.0% YoY. This segment is cooling, though still performing better than many other areas in Greater Vancouver.
  • Townhomes: Sales Cut in Half
    Townhomes saw the sharpest shift. Sales dropped 51.0% YoY, and inventory rose over 40%, pushing the benchmark price down 4.5% YoY. With days on market rising to 20, this segment is showing the clearest signs of pressure.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 20.1% → Balanced Market
    • Condos: 21.0% → Balanced Market
    • Townhomes: 17.4% → Balanced Market (softening)

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers now have more selection and slower market pacing, allowing time to negotiate.
  • Townhome buyers are in an especially strong position, with demand weakening and prices starting to soften.

For Sellers:

  • Detached sellers remain in a relatively strong position but must prepare for longer selling times.
  • Condo sellers should watch pricing closely, as competition rises.
  • Townhome sellers will need to price aggressively and move quickly—momentum is clearly slowing.

Final Thoughts

North Vancouver’s April market shows signs of a gentle shift toward buyer-favorable conditions, especially in the townhome segment. With rising inventory and longer market timelines, sellers need to be strategic, while buyers have more room to navigate and negotiate.

Download the Full Market Report

👉 Want a customized breakdown for your specific property or neighborhood in North Vancouver? Reach out for a tailored market report.