Vancouver West Real Estate Market Update – June 2025

Cooling Continues as Prices Edge Lower and Inventory Climbs

June 2025 data for Vancouver West shows steady inventory growth and a clear cooling trend across all property types. Detached homes and condos saw declining sales and moderate price drops, while townhomes stood out with stronger activity, although pricing softened slightly. Overall, the market is shifting closer to balance, with buyers gaining incremental leverage.

Let’s break down the key numbers.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 802 (+15.4% YoY)
  • Sales: 69 (-17.9% YoY)
  • Days on Market Average: 36 (-20.0% YoY)
  • MLS® HPI Benchmark Price: $3,399,000 (-4.5% YoY)

Condos

  • Total Active Listings: 2,095 (+2.9% YoY)
  • Sales: 281 (-14.1% YoY)
  • Days on Market Average: 34 (+36.0% YoY)
  • MLS® HPI Benchmark Price: $824,500 (-3.0% YoY)

Townhomes

  • Total Active Listings: 311 (+8.4% YoY)
  • Sales: 55 (+19.6% YoY)
  • Days on Market Average: 29 (+31.8% YoY)
  • MLS® HPI Benchmark Price: $1,432,300 (-4.0% YoY)

Market Trends & Expert Insights

  • Detached Homes: Inventory Up, Prices Down
    Detached listings rose 15.4% YoY, while sales fell nearly 18%. Although homes sold faster this year (36 days vs 45 last year), the benchmark price slipped 4.5% YoY, reinforcing a buyer-leaning environment in the high-end segment.
  • Condos: Demand Slows as DOM Rises
    Condo inventory edged up slightly, but sales dipped 14.1% YoY, and average time on market stretched to 34 days. Prices declined 3.0% YoY, suggesting buyer caution in an oversupplied segment. For investors, opportunities are improving as leverage shifts to buyers.
  • Townhomes: Sales Improve but Prices Soften
    Townhomes recorded a 19.6% YoY jump in sales, outperforming other property types. However, prices fell 4.0% YoY, and days on market rose to 29 days, signaling that supply-driven pressure is limiting upward price movement.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 8.6% → Buyer’s Market
    • Condos: 13.4% → Balanced Market (softening)
    • Townhomes: 17.7% → Balanced Market (holding better than others)

What This Means for Buyers & Sellers

For Buyers:

  • Detached buyers are in a strong position to negotiate, particularly in the luxury market.
  • Condo buyers benefit from growing inventory and slower absorption.
  • Townhome buyers should move strategically—inventory is rising, but demand remains steady.

For Sellers:

  • Detached sellers need competitive pricing and strong marketing to stand out.
  • Condo sellers must prepare for longer timelines and price accordingly.
  • Townhome sellers still have decent traction but should watch pricing trends closely.

Final Thoughts

Vancouver West’s market is cooling across all fronts, though not uniformly. Detached homes and condos face the sharpest price pressure, while townhomes remain comparatively resilient. Buyers have more options and negotiating power, signaling a shift toward a more balanced summer market.

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