April 2025 brought a significant transformation to North Shore’s real estate market, with divergent trends between North Vancouver and West Vancouver. Amid broader market adjustments, North Vancouver maintained strong sales activity while West Vancouver’s luxury market showed mixed signals—all as inventory levels across Metro Vancouver reached their highest point in over a decade.
North Vancouver – Price Adjustments Continue While Sales Remain Active
Price Analysis:
House/Detached:
The benchmark price for detached homes in North Vancouver decreased by 2.0% month-over-month, landing at $2,199,000. Year-over-year, prices declined by 2.6%. Despite these reductions, North Vancouver’s detached home benchmark remains well above Metro Vancouver’s average of $2,021,800.
Browse North Vancouver detached homes under $2,200,000 here, or explore available options above $2,200,000.
Townhouse/Attached:
Townhouse prices in North Vancouver showed resilience with a 0.9% month-over-month increase, reaching a benchmark of $1,325,300. However, year-over-year prices have decreased by 4.5%. North Vancouver townhomes continue to command a significant premium over Metro Vancouver’s townhouse benchmark of $1,102,300.
Explore North Vancouver townhomes listed below $1,325,000 here, or check out exclusive properties above $1,325,000.
Condo/Apartment:
The benchmark price for condos in North Vancouver experienced a slight 0.3% month-over-month decrease, settling at $815,200. Year-over-year, prices declined by 1.0%. North Vancouver condos remain at a premium compared to Metro Vancouver’s benchmark of $762,800.
Discover North Vancouver condos under $815,000 here, or browse listings above $815,000 here.
New Listings and Sales:
New listings in North Vancouver showed significant growth, especially for detached homes. Detached home listings increased substantially to 248 in April from 159 in March, representing a 6.9% increase compared to April 2024. Townhouse listings rose to 113 from 81 in March but were 1.8% lower than the same month last year. Condo listings held relatively steady at 267, down slightly from 268 in March but up 4.9% year-over-year.
Sales activity in North Vancouver remained relatively strong compared to Metro Vancouver averages. Detached home sales increased to 73 in April from 60 in March, with a 29.4% sales ratio that represents a 10.5% decline compared to the same period last year. Townhouse sales remained steady at 33, unchanged from March, with a 29.2% sales ratio that reflects a more substantial 38.9% year-over-year decline. Condo sales showed improvement, rising to 96 from 77 in March, yielding a 36.0% sales ratio though still down 21.9% from April 2024.
Take a look at all the condos in North Vancouver with an open house coming up here.
West Vancouver – Luxury Market Adjustments Continue with Mixed Signals
Price Analysis:
House/Detached:
The benchmark price for detached homes in West Vancouver increased by 2.1% month-over-month to $3,345,300. Year-over-year, prices rose by 3.1%, making West Vancouver one of the few areas showing price appreciation in the current market. This benchmark far exceeds Metro Vancouver’s detached home average of $2,021,800.
Browse West Vancouver houses listed below $3,350,000 here, or explore luxury homes priced above $3,350,000 here.
Condo/Apartment:
The benchmark price for condos in West Vancouver declined by 3.9% month-over-month to $1,216,700. Year-over-year, prices have fallen by 8.8%, representing one of the more significant adjustments in the region. Despite this decline, West Vancouver condos remain substantially above Metro Vancouver’s benchmark of $762,800.
Check out West Vancouver condos priced under $1,220,000 here, or view luxury listings above $1,220,000 here.
New Listings and Sales:
New listings in West Vancouver showed varied results across property types. Detached home listings rose to 198 in April from 157 in March but showed an 8.1% decrease compared to April 2024. Townhouse listings increased slightly to 13 from 11 in March but were down 15.4% year-over-year. Condo listings saw significant growth, reaching 62 in April from 34 in March, representing a 6.5% increase compared to April 2024.
Sales activity in West Vancouver reflected a cautious market. Detached home sales decreased to 26 in April from 28 in March, resulting in a 13.1% sales ratio that represents a 36.1% decline compared to April 2024. Townhouse sales were minimal, dropping to just 1 sale from 3 in March, with a 7.7% sales ratio that, despite the low volume, actually shows a 15.4% increase year-over-year due to reduced inventory. Condo sales showed modest improvement, increasing to 10 from 9 in March, though the 16.1% sales ratio reflects a substantial 61.0% decline from the same period last year.
Take a look at all the houses in West Vancouver with an open house coming up here.
Metro Vancouver – Market Perspective Shifts as Inventory Climbs
April 2025 brought what Greater Vancouver REALTORS® director Andrew Lis described as “an abundance of opportunity for buyers” across Metro Vancouver. With sales down and inventory levels at their highest point since 2014, buyers now have significantly more options than in recent years.
Metro Vancouver’s sales-to-active listings ratios were 9.9% for detached homes, 17.5% for townhouses, and 15.7% for condos. The North Shore market continues to show its own dynamics, with North Vancouver maintaining stronger demand while West Vancouver aligns more closely with regional trends.
As Lis noted, “While the headlines have been filled with worrying news lately, there are positives in the current market worth highlighting, especially for buyers.” With improved borrowing conditions and more stable prices, the North Shore offers opportunities for both value-seeking buyers and sellers with well-positioned properties.
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