Vancouver East Real Estate Market Update – July 2025

Buyers Gain Ground as Sales Slow and Inventory Builds

Vancouver East’s real estate market continued to shift in July 2025, with slower sales activity across most property types and a steady increase in available listings. Detached homes, in particular, experienced a notable year-over-year drop in sales, while condos and townhomes saw modest gains in sales but are facing pricing pressure and longer market times.

Below is a detailed breakdown of this month’s key metrics.

Key Market Stats – July 2025

Detached Homes

  • Total Active Listings: 734 (+17.6% YoY)
  • Sales: 64 (-28.1% YoY)
  • Days on Market Average: 33 days (-15.4% YoY)
  • MLS® HPI Benchmark Price: $1,794,500 (-3.9% YoY)

Detached sales dropped sharply year-over-year and remained down from June as well, suggesting buyers are sitting on the sidelines. While days on market declined slightly, indicating homes are still moving, prices continue to fall. The gap between supply and demand is growing, tilting this segment further into buyer’s market territory.

Condos

  • Total Active Listings: 588 (+5.4% YoY)
  • Sales: 116 (+0.9% YoY)
  • Days on Market Average: 26 days (no change YoY)
  • MLS® HPI Benchmark Price: $679,000 (-3.4% YoY)

The condo market remained steady in terms of sales volume, with only a slight year-over-year gain. However, the growing inventory and minor price declines reflect a softening in demand. Buyers have more choice and stronger leverage than they did last summer.

Townhomes

  • Total Active Listings: 146 (+24.8% YoY)
  • Sales: 28 (+40.0% YoY)
  • Days on Market Average: 31 days (+24.0% YoY)
  • MLS® HPI Benchmark Price: $1,117,900 (-2.4% YoY)

Townhome activity saw the strongest YoY sales growth of any property type in Vancouver East this month. However, inventory also surged nearly 25%, and homes are taking longer to sell. With downward price movement, this market segment is beginning to reflect a more balanced dynamic, though with some risk of softening if inventory continues to rise.

Sales-to-Active Ratio Snapshot

  • Detached: 8.7% → Buyer’s Market
  • Condos: 19.7% → Balanced Market (nearing buyer territory)
  • Townhomes: 19.2% → Balanced Market

The sales-to-active ratio confirms a cooling trend across all property types. Detached homes are firmly in buyer’s market territory, while condos and townhomes are still balanced but trending lower.

What This Means for Buyers and Sellers

For Buyers:

  • Detached Buyers: Greater selection and better negotiation leverage with declining prices.
  • Condo Buyers: Stable sales with falling prices make this a good time to secure a unit with less competition.
  • Townhome Buyers: Despite more buyer interest, the rising inventory gives you options and some negotiation room.

For Sellers:

  • Detached Sellers: Expect slower sales and lower pricing power—strategic pricing is key.
  • Condo Sellers: Prepare for longer days on market and be open to concessions.
  • Townhome Sellers: Sales are improving, but competition is rising—consider incentives to stay competitive.

Final Thoughts

The Vancouver East market in July 2025 is marked by shifting conditions: increasing listings, slower sales (particularly in the detached segment), and moderate price declines. While townhomes are experiencing strong buyer interest, the overall trend continues toward a more buyer-friendly environment. Sellers should be proactive with pricing and marketing strategies, while buyers can take advantage of expanded choice and more negotiating power.

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