It is officially summertime here in Vancouver and I couldn’t be happier! I love the long, warm days, the beautiful gardens and the fun with friends. The real estate market has seen a bit of a slow down the last week or so – with school ending, the Canada Day long weekend and people planning fun weekend activities instead of open house viewings. We will see fewer sales and also fewer listings through summer.
There was a nice jump in energy and activity in June. This is likely due to Buyers and Sellers who didn’t want their search to extend into the Fall (& beyond) and decided to make a move, whether that was a price decrease on their listing or finally an offer on something they wanted to buy. In general, Buyers are in the power position but it does depend on how a unit is priced as some Sellers are pricing for multiple offers (and getting them). Sellers have to be priced to sell as most Buyers wait until something is priced low to reasonable before offering. I know a lot of Sellers price high to give them some room to negotiate, but you can’t negotiate if you don’t get any offers and Buyers are often willing to be reasonable if the Seller is reasonable. In any case, everyone’s motivation is different so try your offer!
There is another Bank of Canada interest rate announcement at the end of July and a few more set for the Fall. Experts are anticipating 2 rate decreases this year, which interest rates expected to level out in the high-3% range going forward.
Enjoy these beautiful days while we have them and don’t hesitate to reach out if you’d like to chat through your real estate options!
Here’s a snippet from the Real Estate Board’s Monthly Update:
After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206).
“On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May. If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.” said Andrew Lis, GVR director of economics and data analytics
Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 16.9 per cent for attached, and 13.9 per cent for apartments.
“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”
Onto the stats:
Vancouver West Real Estate Stats up to and including June 2025
HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West
East Vancouver Real Estate Stats up to and including June 2025
HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver
As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!
And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.