North Vancouver Real Estate Market Update – June 2025

Balanced Conditions Amid Rising Inventory

North Vancouver’s market in June 2025 is marked by inventory growth across all property types, longer selling times, and modest price adjustments. While detached sales softened slightly, the townhome segment held steady, maintaining a balanced but increasingly competitive environment for sellers.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 419 (+36.5% YoY)
  • Sales: 67 (-2.9% YoY)
  • Days on Market Average: 26 (+30.0% YoY)
  • MLS® HPI Benchmark Price: $2,214,800 (-3.9% YoY)

Condos

  • Total Active Listings: 456 (+28.5% YoY)
  • Sales: 85 (-17.5% YoY)
  • Days on Market Average: 33 (+73.7% YoY)
  • MLS® HPI Benchmark Price: $817,600 (-0.8% YoY)

Townhomes

  • Total Active Listings: 165 (+22.2% YoY)
  • Sales: 41 (+7.9% YoY)
  • Days on Market Average: 29 (+81.3% YoY)
  • MLS® HPI Benchmark Price: $1,352,100 (-2.6% YoY)

Market Trends & Expert Insights

  • Detached Homes: Cooling with Price Adjustments
    Inventory surged 36.5% YoY, while sales dipped 2.9%, signaling a more competitive environment for sellers. Prices fell 3.9%, and average days on market stretched to 26 days, suggesting buyers have more negotiation power.
  • Condos: Longer Timelines, Slight Price Decline
    Active listings jumped 28.5%, while sales fell 17.5%. Selling times nearly doubled to 33 days, pointing to a slower-moving condo market. Prices saw a small dip of 0.8% YoY.
  • Townhomes: A Standout in Stability
    Despite a 22.2% increase in listings, sales grew 7.9%, making this segment more resilient. Prices edged down 2.6%, while days on market rose sharply, giving buyers more time but keeping conditions relatively balanced.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 16.0% → Balanced Market (cooling trend)
    • Condos: 18.6% → Balanced Market
    • Townhomes: 24.8% → Balanced Market (leaning seller’s side)

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers benefit from ample inventory and slower sales, creating negotiation opportunities.
  • Townhome buyers should act strategically as this segment still shows relative strength.

For Sellers:

  • Competitive pricing and strong marketing strategies are essential, especially for detached and condo properties.
  • Townhome sellers can still capture demand but should avoid overpricing in a softening market.

Final Thoughts

North Vancouver is shifting toward greater balance, with inventory-driven dynamics shaping negotiations. Detached and condo markets favor buyers, while townhomes maintain moderate seller advantage.

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