Tsawwassen Real Estate Market Update – April 2025

Inventory Rises, Prices Dip, and Sales Hold Steady

April 2025 shows growing inventory and softening prices across all housing types in Tsawwassen, while buyer activity remains tepid. Detached home sales remained flat year-over-year, but listings surged. Condos and townhomes followed similar patterns—more supply, fewer sales, and subtle declines in benchmark pricing. The market overall is trending toward balance, with early signs of leverage shifting to buyers.

Here’s what the latest data tells us.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 167 (+50.5% YoY)
  • Sales: 19 (0.0% YoY)
  • Days on Market Average: 23 (-42.5% YoY)
  • MLS® HPI Benchmark Price: $1,620,500 (-3.4% YoY)

Condos

  • Total Active Listings: 83 (+56.6% YoY)
  • Sales: 14 (-26.3% YoY)
  • Days on Market Average: 29 (+11.5% YoY)
  • MLS® HPI Benchmark Price: $673,500 (-3.4% YoY)

Townhomes

  • Total Active Listings: 45 (+87.5% YoY)
  • Sales: 6 (-45.5% YoY)
  • Days on Market Average: 39 (-11.4% YoY)
  • MLS® HPI Benchmark Price: $988,000 (-2.9% YoY)

Market Trends & Expert Insights

  • Detached Homes: Inventory Grows, But Sales Stay Flat
    Detached listings climbed over 50% YoY, while sales remained unchanged. Surprisingly, homes sold more quickly (23 days vs 40 last year), possibly due to better pricing strategies or pent-up demand. Still, prices declined 3.4%, pointing to a cooler market climate overall.
  • Condos: More Options, Slower Demand
    Condo inventory surged 56.6%, while sales fell 26.3% YoY. Days on market rose slightly to 29 days, and pricing edged down 3.4%. This indicates growing buyer hesitation or caution—a market in the midst of rebalancing.
  • Townhomes: Demand Weakens Significantly
    Townhome sales were nearly cut in half (-45.5% YoY), despite a dramatic increase in inventory. The benchmark price fell 2.9%, and while homes are selling faster than last year (39 days vs 44), the segment is clearly underperforming relative to last spring.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 11.4% → Balanced Market (near buyer’s)
    • Condos: 16.9% → Balanced Market
    • Townhomes: 13.3% → Balanced Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers benefit from rising inventory and softening prices, giving them more negotiation power.
  • Townhome buyers have increased choice and growing leverage—a strategic moment for value-driven purchases.

For Sellers:

  • Detached sellers should price realistically—oversupply is increasing competition.
  • Condo and townhome sellers must be prepared to adjust pricing or offer incentives to secure offers in a slower market.

Final Thoughts

Tsawwassen’s market in April 2025 is shifting toward a balanced to buyer-leaning environment. Rising inventory and declining prices across all housing types suggest that buyers are taking their time, while sellers are adjusting to a new reality. It’s not a weak market—but it’s certainly more cautious and price-sensitive than it was a year ago.

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