Steady Summer Signals Opportunity for Buyers
The Vancouver real estate market continued showing signs of stability in July. While sales activity remains slightly below long-term averages, we’re witnessing a slow and steady recovery. This is creating unique opportunities for both homebuyers and sellers.
Key Numbers at a Glance
Total Home Sales (July 2025): 2,286
↳ Down just 2% from July 2024New Listings: 5,642 ( UP 0.8% from last year)
Active Listings: 17,168 ( UP 19.8% from last year)
Sales-to-Active Listings Ratio:
Detached Homes: 10.2%
Townhomes: 16.7%
Apartments: 15.9%
***A balanced market typically sits between 12–20%. This means we’re seeing relatively neutral conditions — giving buyers a good amount of selection without intense bidding wars.
Benchmark Prices (Greater Vancouver)
Prices have cooled slightly since last year, with detached homes and condos seeing the largest dips. However, with interest rates likely to remain stable in the short term, this could signal a great entry point for buyers looking for new homes in Vancouver or surrounding areas.
Why This Market Favors Buyers (For Now)
Inventory is High: 17,000+ homes on the market means more choice and negotiating power.
Prices Are Softening: Most property types are down 2–4% year-over-year.
Sales Are Recovering: While still below the 10-year average, activity has picked up from earlier in the year.
If you’ve been sitting on the sidelines waiting for a better time to buy — this might be it.
Market Highlights By Area
North Vancouver: Benchmark price $1.37M (▼ 1% YoY)
Burnaby: East saw a slight increase in townhome prices, up 1.9% month-over-month.
Coquitlam & Maple Ridge: Still affordable compared to the core with townhomes and apartments under $800K in some areas.
Whether you're a first-time buyer or upgrading to a detached home, suburban markets continue to offer strong value.
What to Watch For
“Although sales activity is now recovering, this healthy level of inventory is sufficient to keep home prices trending sideways... But if buyer demand increases, this could quickly shift in favour of sellers.”
— Andrew Lis, Director of Economics, GVR
If you're considering listing your property, the window of buyer-friendly conditions may be narrowing. Now is the time to plan your next move.
Thinking About Buying or Selling?
If you're curious about your property's value, exploring homes in areas like Burnaby, Kitsilano, North Vancouver, or looking for new homes in Vancouver, let’s connect.
Contact Ian Iacovitti – your local REALTOR® at Coastal Key Homes for market advice, buying strategy, or a free home valuation.