The Vancouver real estate market kicked off 2025 with a surge in new listings, but sales tell a more nuanced story—detached homes saw declines while condo and townhome demand held steady. Whether you’re buying or selling, understanding these shifts is key to making the right move in this evolving market so sit back and relax while Mike and Glenn take you through the most up-to-date market information.
The new year is here, and with it comes fresh data on Vancouver’s real estate market. Comparing January 2024 to January 2025, we’re seeing some striking trends—new listings surged across both East Vancouver and the Westside, but sales patterns were mixed, revealing a shifting market dynamic.
If you’re considering buying or selling this year, understanding these trends is key to making informed decisions. Let’s break it down.
East Vancouver: More Listings, Mixed Sales Activity
Detached Homes
- New Listings: 115 → 160 (+39%)
- Sales: 38 → 31 (−18%)
Condos & Townhomes
- New Listings: 268 → 334 (+25%)
- Sales: 86 → 93 (+8%)
Key Takeaways for East Vancouver:
- More detached homes hit the market, but fewer are selling—buyers now have more choices, but sellers need strong pricing strategies.
- Condos and townhomes continue to be in demand, with sales increasing despite the rise in listings.
Vancouver Westside: A Surge in Listings, Holding Steady on Sales
Detached Homes
- New Listings: 144 → 183 (+27%)
- Sales: 39 → 35 (−10%)
Condos & Townhomes
- New Listings: 672 → 925 (+38%)
- Sales: 201 → 208 (+3%)
Key Takeaways for Vancouver Westside:
- A significant increase in new listings means buyers have more options, but competition is growing for sellers.
- Condo and townhome sales remained steady, suggesting demand for multi-family living remains resilient.
What Does This Mean for Buyers & Sellers?
For Sellers:
More competition means pricing and marketing are critical. Overpricing could lead to a longer time on the market. A strategic approach—including professional staging, standout listing materials, and a tailored pricing plan—will be essential.
For Buyers:
More inventory = more choice! If you’ve been waiting for the right time to enter the market, this could be it. With more listings, especially in the condo and townhome sector, you may have increased negotiation power.
Final Thoughts
The Vancouver market is evolving, with inventory on the rise and sales activity shifting depending on property type. Whether you’re buying or selling, understanding these trends will help you navigate 2025’s real estate landscape with confidence.
Have questions about your real estate goals? Call us!