March 2025 saw notable activity across the North Shore real estate market, particularly in North Vancouver and West Vancouver, as listings expanded and price shifts varied across housing types.
North Vancouver – House Prices Rise Slightly, Townhouses Dip, Condo Listings Surge
Price Analysis:
House/Detached:
The benchmark price for detached homes in North Vancouver rose 0.8% from February to $2,244,200. This reflects a 0.7% increase compared to March 2024. The price remains above Metro Vancouver’s detached home benchmark of $2,034,400.
Explore North Vancouver detached homes priced below $2,245,000 here, or browse listings above $2,245,000 here.
Townhouse/Attached:
Townhouse prices in North Vancouver declined by 0.8% from last month to a benchmark of $1,313,200. Year-over-year, this represents a 2.9% decrease. Still, this benchmark sits above Metro Vancouver’s townhouse average of $1,113,100.
Browse townhomes in North Vancouver listed under $1,315,000 here, or explore options above $1,315,000 here.
Condo/Apartment:
The benchmark price for condos in North Vancouver increased 0.6% month-over-month, landing at $817,700. Despite this small gain, prices are down 0.5% compared to the same month last year. The benchmark remains higher than Metro Vancouver’s average condo price of $767,300.
Discover North Vancouver condos under $820,000 here, or browse listings above $820,000 here.
New Listings and Sales:
New listings in North Vancouver rose across all property types. Detached home listings climbed to 159 in March, up from 108 in February and 100 in March 2024, marking a 37.1% year-over-year increase. Townhouse listings reached 81, compared to 67 the previous month and 64 the year prior, a 21.0% rise. Condo listings surged to 268, up from 172 in February and 162 in March 2024, reflecting a 39.6% increase year-over-year.
Sales activity remained solid. Detached home sales totaled 60, with a sales-to-active listings ratio of 37.7%, though this marks a 32.6% decline compared to last year. Townhouses recorded 33 sales and a 40.7% sales ratio, down 29.5% year-over-year. Condo sales reached 77, yielding a 28.7% sales ratio, a 50.5% decline from March 2024.
Take a look at all the condos in North Vancouver with an open house coming up here.
West Vancouver – Detached Prices Rise Again, Townhouses Cool, Condo Market Holds
Price Analysis:
House/Detached:
The benchmark price for detached homes in West Vancouver increased by 0.7% in March to $3,275,300. Compared to the same time last year, this represents a 0.4% gain. The benchmark sits far above Metro Vancouver’s average of $2,034,400.
Browse West Vancouver houses listed below $3,280,000 here, or explore homes priced above $3,280,000 here.
Condo/Apartment:
The benchmark price for condos in West Vancouver rose by 1.2% to $1,266,800. Year-over-year, prices are up 0.9%. The condo benchmark in West Vancouver remains well above Metro Vancouver’s average of $767,300.
Check out West Vancouver condos priced under $1,270,000 here, or view listings above $1,270,000 here.
New Listings and Sales:
New listings in West Vancouver showed mixed results. Detached home listings rose to 157 in March, up from 126 in February and 132 a year ago, reflecting a 15.9% increase. Townhouse listings dropped to 11, down from 17 the previous month and 13 in March 2024, an 18.2% year-over-year decline. Condo listings ticked up slightly to 34, compared to 29 in February and 37 in March 2024, but were still down 8.8% from last year.
Sales activity held relatively stable. West Vancouver recorded 28 detached home sales, with a sales ratio of 17.8%, down 38.0% compared to March 2024. Townhouses saw 3 sales and a 27.3% sales ratio, a 254.5% increase year-over-year. Condos recorded 9 sales, with a 26.5% sales ratio, marking a 30.0% drop from last year.
Take a look at all the houses in West Vancouver with an open house coming up here.
Metro Vancouver – Balanced Spring Momentum Continues
March 2025 brought sustained activity across Metro Vancouver’s housing market. Inventory remained elevated, creating more choice for buyers, while prices held steady across segments.
Metro Vancouver’s March sales-to-active listings ratios are: 10.3% for detached homes, 21.5% for townhomes, and 16.2% for condos. North Shore communities like North Vancouver outperformed regional averages, especially in sales ratios, while West Vancouver tracked closer to balanced norms.
With spring in full swing, buyers and sellers continue to engage in one of the most balanced environments seen in recent years.
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