Greater Vancouver Real Estate Market Update – July 2025
The Greater Vancouver real estate market in July 2025 showed a mix of stability, slower sales, and long-term resilience. While prices have held steady compared to earlier this year, sales activity in many segments has softened, creating more balanced – and in some areas, buyer-friendly – conditions.
July 2025 Snapshot
Across the region, detached home prices were relatively stable compared to June. Many communities, including Burnaby and Coquitlam, saw balanced market conditions with sales-to-active-listing ratios hovering in the low-teens. Vancouver’s detached segment remained steady but is showing signs of slower momentum, with buyers having more selection and negotiation power than in the past two years.
Condo and townhouse markets were slightly more active, driven by first-time buyers and downsizers seeking affordability. However, even these segments are experiencing longer average days on market compared to the spring.
**Visit the link below for more detailed stats for the month of July 2025**
Year-to-Date Trends
For 2025 so far, Greater Vancouver’s detached median sale price has inched upward compared to 2024, reflecting continued buyer demand in prime neighborhoods. That said, the sales ratio has dipped from last year’s levels, suggesting a cooling pace. Increased inventory across many property types has given buyers more choice, shifting the competitive edge away from the frantic conditions seen in 2021 and 2022.
**Visit the link below for more detailed stats for the Year to Date Trends**
Five-Year Perspective
Despite recent moderation, the long-term picture remains strong. Detached home prices across Greater Vancouver are up more than 40% compared to five years ago, and condo prices have also seen substantial growth. This sustained appreciation highlights the region’s enduring appeal, even amid higher interest rates and changing economic conditions.
**Visit the link below for more detailed stats for the last 5 Years**
Looking Ahead
With more inventory, slower sales, and steady pricing, Greater Vancouver is entering a more balanced phase. For sellers, strategic pricing and strong marketing are essential. For buyers, the shift means more time to evaluate options and negotiate favorable terms. Historically, balanced markets like this offer opportunities for both sides — sellers benefit from solid long-term values, while buyers enjoy less pressure and more choice.
Your Local Area Experts – The Generations Real Estate Partners
Michelle Hawthorne PREC*, Scott Johnson PREC*, Shane Goutsis PREC*, Ray Harris & Ambassador Sheila Francis
We love working with the different Generations of families looking to realize their real estate goals. Don’t keep us a secret we would love to work with you. We are always available to help you navigate the Greater Vancouver real estate market with trusted guidance, proven results, a commitment to your success and Generations of experience.