Happy May everyone! I hope you enjoyed the beautiful and hot weekend we had. When I wasn’t working I was outside gardening and enjoying the weather.
The real estate market is in an interesting place. We didn’t see the usual uptick in activity in April, that typically aligns with the Spring Market, and in general I would describe the market as being very hot and cold, totally dependant on price and the type of home. The news is fairly negative about the market but it’s a great market for Buyers, with plenty of deals out there and great properties that would have been out of reach financially a few years ago. We are still seeing some multiple offer scenarios and quick sales for great properties or properties priced low, but that is a rare occurrence and typically only for nice detached houses and ideal townhouses. Overall, inventory is up compared to last year while the number of sales is in the same range, so there is more opportunity for Buyers this year. Prices have also come down slightly compared to last year – that’s what I mean when I say it’s a great market, lower prices and lots of options.
Buyer’s are active but still very discerning – they are waiting for Sellers to list at reasonable price and focus on properties that are in good condition with obvious value, whether that’s in a great price, great building or great neighbourhood. Buyer’s aren’t willing to compromise to get into the market.
We’re seeing Seller’s finally accept the market as it stands, with reasonable pricing or price drops. As I always say, if you see a property you like but feel it’s over priced, it’s worthwhile to try an offer! The list price doesn’t always indicate how motivated the Seller may be.
Here’s a snippet from the Real Estate Board’s Monthly Update:
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,110 in April 2026, a 2.5 per cent decrease from the 2,163 sales recorded in April 2025. This was 22.9 per cent below the 10-year seasonal average (2,735).
“Last month we noted that a divergence was emerging between sales trends in the detached and multi-family segments, which continued in April,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas. The fact this pattern is so broad-based reduces the likelihood what we’re seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the market.”
Sales of detached homes in April 2026 reached 659, a 14 per cent increase from the 578 detached sales recorded in April 2025. The benchmark price for a detached home is $1,840,700. This represents an 8.3 per cent decrease from April 2025 and a 0.8 per cent decrease compared to March 2026.
Sales of apartment homes reached 1,009 in April 2026, a 10.7 per cent decrease compared to the 1,130 sales in April 2025. The benchmark price of an apartment home is $703,000. This represents a 7.9 per cent decrease from April 2025 and a 0.5 per cent decrease compared to March 2026.
Attached home sales in April 2026 totalled 433, a two per cent decrease compared to the 442 sales in April 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.1 per cent decrease from April 2025 and a 0.4 per cent decrease compared to March 2026.
Onto the stats:
Vancouver West Real Estate Stats up to and including April 2026
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 April 2026
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.