North Shore Real Estate Market Report May 2025 | North Vancouver & West Vancouver Housing Trends

May 2025 brought significant transformation to North Shore BC’s real estate landscape. Notably, inventory levels across Metro Vancouver reached another ten-year high while home sales remained muted. North Vancouver and West Vancouver experienced divergent market conditions. Specifically, North Vancouver demonstrated steady price stability across most property types. In contrast, West Vancouver’s luxury market showed varied performance. Meanwhile, buyers continued to exercise patience despite abundant choice and improved borrowing conditions across the North Shore housing market.

North Vancouver Real Estate May 2025 – Price Recovery Leads Strong Market Performance

The real estate market in North Vancouver demonstrated resilience in May 2025, with modest price improvements across most property segments and sales activity maintaining strength above Metro Vancouver averages.

North Vancouver Housing Market Price Analysis:

North Vancouver Detached Homes / Houses:

The benchmark price for detached homes in North Vancouver showed solid growth with a 1.9% month-over-month increase, reaching $2,240,200. Year-over-year, North Vancouver house prices declined by 2.6%. North Vancouver’s detached home benchmark significantly exceeds Metro Vancouver’s average of $1,997,400, making it a premium choice for North Shore homebuyers seeking established neighbourhoods.

Browse North Vancouver detached homes under $2,240,000 here, or explore premium North Vancouver houses above $2,240,000.

North Vancouver Townhouses / Attached Homes:

North Vancouver townhouse prices showed solid improvement with a 2.0% month-over-month increase, bringing the benchmark to $1,351,400. Year-over-year, North Vancouver townhouse prices declined by 5.3%, though they remain substantially above Metro Vancouver’s townhouse benchmark of $1,106,800. This represents excellent value for families seeking North Vancouver real estate opportunities.

Explore North Vancouver townhomes listed below $1,355,000 here, or check out exclusive North Vancouver townhouse properties above $1,355,000.

North Vancouver Condos / Apartments:

The benchmark price for North Vancouver condos remained virtually stable with a minimal 0.1% month-over-month increase, settling at $815,900. Year-over-year, North Vancouver condo prices declined by 0.9%. North Vancouver condos continue to command a premium over Metro Vancouver’s benchmark of $757,300, offering North Shore homebuyers excellent value in established communities.

Discover North Vancouver condos under $816,000 here, or browse North Vancouver apartment listings above $816,000 here.

North Vancouver Real Estate Market Activity – Strong Sales Performance:

North Vancouver housing market listings showed mixed results in May 2025. House listings in North Vancouver decreased to 214 in May from 248 in April but showed a solid 17.3% year-over-year increase, providing North Vancouver homebuyers with improved selection. Townhouse listings in North Vancouver declined to 97 from 113 in April, reflecting a significant 29.9% decrease compared to May 2024. Condo listings in North Vancouver decreased to 246 from 267 in April but maintained a 6.9% year-over-year increase.

North Vancouver real estate sales activity demonstrated strong market performance well above Metro Vancouver averages. House sales in North Vancouver increased to 81 in May from 73 in April, with a robust 37.9% sales ratio, though this represents a 31.6% decline compared to May 2024. North Vancouver townhouse sales rose to 40 from 33 in April, yielding an impressive 41.2% sales ratio that reflects a strong 33.2% increase year-over-year. North Vancouver condo sales decreased to 83 from 96 in April, with a solid 33.7% sales ratio, down 28.5% from the same month last year.

Take a look at all the North Vancouver townhomes with an open house coming up here.

West Vancouver Real Estate May 2025 – Mixed Signals in Luxury Market

The real estate market in West Vancouver , renowned for luxury properties and prestigious waterfront homes, experienced varied performance across different housing segments in May 2025.

West Vancouver Real Estate Price Analysis:

West Vancouver Luxury Homes / Detached Houses:

The benchmark price for West Vancouver houses declined by 4.4% month-over-month to $3,195,600. Year-over-year, West Vancouver luxury home prices fell by 4.5%, reflecting ongoing adjustments in the premium housing segment. West Vancouver’s detached home benchmark substantially exceeds Metro Vancouver’s average of $1,997,400, maintaining its position as the North Shore’s premier luxury market.

Browse West Vancouver luxury houses listed below $3,200,000 here, or explore premium West Vancouver homes above $3,200,000.

West Vancouver Condos / Apartments:

The benchmark price for West Vancouver condos showed strong growth with a 6.1% month-over-month increase, reaching $1,289,800. Year-over-year, West Vancouver apartment prices declined by 3.8%. West Vancouver condos remain substantially above Metro Vancouver’s benchmark of $757,300, offering luxury North Shore living with some recovery momentum.

Check out West Vancouver condos priced under $1,290,000 here, or view luxury West Vancouver apartments above $1,290,000 here.

West Vancouver Real Estate Market Activity:

West Vancouver housing market listings displayed varied trends in May 2025. House listings in West Vancouver decreased to 164 in May from 198 in April, marking a 7.3% decline compared to May 2024. Townhouse listings in West Vancouver increased to 20 from 13 in April, representing a substantial 45.0% increase year-over-year. Condo listings in West Vancouver declined significantly to 41 from 62 in April, showing a dramatic 70.7% decrease from May 2024.

West Vancouver real estate sales activity showed encouraging improvements in key segments. House sales in West Vancouver  increased substantially to 45 in May from 26 in April, resulting in a 27.4% sales ratio that represents a strong 42.0% improvement compared to May 2024. West Vancouver townhouse sales jumped to 9 from 1 in April, with a remarkable 45.0% sales ratio, though down 17.5% year-over-year due to limited inventory. West Vancouver condo sales increased to 14 from 10 in April, yielding a 34.1% sales ratio that reflects an 8.1% decline from the same period last year.

Take a look at all the West Vancouver houses with an open house coming up here.

Metro Vancouver Real Estate Comparison – North Shore Performance Analysis

May 2025 brought what Greater Vancouver REALTORS® described as continued buyer hesitancy despite the healthiest North Shore real estate inventory levels seen in years. With Metro Vancouver inventory reaching another ten-year high and sales remaining 18.5% below the previous year, the North Shore BC real estate market demonstrated resilience with both North Vancouver and West Vancouver outperforming regional activity levels.

Metro Vancouver’s sales-to-active listings ratios stood at 10.2% for detached homes, 17.4% for townhouses, and 14.7% for condos. North Vancouver significantly outperformed these regional averages, with sales ratios of 37.9% for houses, 41.2% for townhouses, and 33.7% for condos, demonstrating sustained demand for North Vancouver real estate. West Vancouver showed strong performance in houses (27.4%) and townhouses (45.0%), with condos at 34.1%, all substantially above Metro Vancouver benchmarks.

As Andrew Lis noted, “with some of the healthiest levels of inventory seen in years, many sellers are adjusting price expectations, which has provided buyers more negotiating room.” The North Shore spring real estate market’s performance suggests that despite broader market hesitancy, discerning buyers continue to recognize value in established North Shore communities, creating opportunities for both strategic buyers and well-positioned sellers across North Vancouver and West Vancouver’s diverse property markets.

Frequently Asked Questions – North Shore Real Estate May 2025

Q: Are North Shore home prices rising in May 2025? A: North Vancouver showed price recovery with detached homes up 1.9% monthly, while West Vancouver experienced mixed results with houses down 4.4% but condos up 6.1% in May 2025.

Q: Is it a good time to buy North Shore real estate in May 2025? A: May 2025 presents excellent North Shore homebuyer opportunities with strong sales ratios well above Metro Vancouver averages and inventory providing good selection across both North Vancouver and West Vancouver.

Q: Which North Shore area offers better real estate value in May 2025? A: North Vancouver offers better overall market momentum with strong sales ratios across all property types, while West Vancouver provides luxury opportunities with selective improvements in houses and condos.

Q: How does North Vancouver compare to West Vancouver for real estate investment? A: North Vancouver demonstrates more consistent performance with higher sales ratios and price stability, while West Vancouver offers luxury market opportunities with potential for selective value in the premium segment.

Q: What are the best North Shore neighborhoods to buy in May 2025? A: Both North Vancouver and West Vancouver offer distinct advantages – North Vancouver for stable market performance and strong sales activity, West Vancouver for luxury properties with selective opportunities and prestigious locations.