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

May 2025 highlighted Vancouver BC’s evolving real estate landscape as homebuyers continued to exercise caution despite abundant inventory and improved borrowing conditions. Additionally, Vancouver housing market inventory levels reached another ten-year high. Both Vancouver East and Vancouver West experienced price adjustments while maintaining sales activity above Metro Vancouver averages. Furthermore, this reflects the ongoing market rebalancing as political and economic uncertainties keep many Vancouver homebuyers on the sidelines.

Vancouver East Real Estate May 2025 – Price Declines Continue as Market Adjusts

Vancouver East real estate market showed continued price adjustments across all property types. As a result, this offers new opportunities for value-seeking homebuyers in this established Vancouver neighbourhood.

Vancouver East Housing Market Price Analysis:

Vancouver East Detached Homes / Houses:

The benchmark price for detached homes in Vancouver East declined by 1.3% month-over-month, settling at $1,828,600. Meanwhile, year-over-year prices decreased by 2.7%, showing continued adjustment in this segment. Vancouver East’s detached home benchmark remains below Metro Vancouver’s average of $1,997,400. Therefore, this makes it an attractive option for Vancouver homebuyers seeking value.

Browse Vancouver East detached homes under $1,830,000 here, or explore available Vancouver East houses above $1,830,000.

Vancouver East Townhouses / Attached Homes:

Vancouver East townhouse prices saw a 0.6% month-over-month decrease, bringing the benchmark price to $1,120,900. Additionally, year-over-year prices fell by 1.2%. However, they remain above Metro Vancouver’s townhouse benchmark of $1,106,800. This represents excellent value for families looking for Vancouver East real estate opportunities.

Explore Vancouver East townhomes listed below $1,125,000 here, or check out exclusive Vancouver East townhouse properties above $1,125,000.

Vancouver East Condos / Apartments:

The benchmark price for Vancouver East condos decreased by 1.1% month-over-month, reaching $696,000. Furthermore, year-over-year prices declined by 3.2%. They remain below Metro Vancouver’s benchmark of $757,300. Consequently, this offers first-time homebuyers accessible entry points into Vancouver’s real estate market.

Search Vancouver East condos priced below $700,000 here, or view Vancouver East apartment listings above $700,000.

Vancouver East Real Estate Market Activity – New Listings and Sales:

Vancouver East housing market listings showed moderate growth across all property types in May 2025. House listings in Vancouver East increased to 248 in May from 240 in April, representing a 4.8% year-over-year increase and providing Vancouver East homebuyers with more selection. Townhouse listings in Vancouver East rose to 202 from 175 in April, reflecting a 2.5% increase compared to May 2024. Condo listings in Vancouver East climbed to 314 from 312 in April, marking an 8.3% year-over-year increase.

The sales activity in Vancouver East real estate showed modest improvement from April but remained well below last year’s levels. Vancouver East house sales increased to 72 in May from 67 in April, with a 29.0% sales ratio that represents a significant 34.1% decline compared to May 2024. Townhouse sales in Vancouver East rose to 70 from 63 in April, yielding a 34.7% sales ratio, down 20.6% year-over-year. Vancouver East condo sales decreased to 101 from 110 in April, with a 32.2% sales ratio reflecting a 32.9% decline from the same month last year.

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

Vancouver West Real Estate May 2025 – Luxury Market Faces Continued Pressure

The real estate market in Vancouver West, known for luxury properties and prestigious neighbourhoods, experienced notable adjustments across all housing segments in May 2025.

Vancouver West Housing Market Price Analysis:

Vancouver West Luxury Homes / Detached Houses:

The benchmark price for Vancouver West houses decreased by 1.9% month-over-month to $3,363,100. Year-over-year, Vancouver West luxury home prices fell by 5.2%, representing a more substantial adjustment in the premium housing segment. Vancouver West’s detached home benchmark significantly exceeds Metro Vancouver’s average of $1,997,400, reflecting the area’s exclusive real estate positioning.

Discover Vancouver West luxury homes listed under $3,365,000 here, or explore premium Vancouver West houses above $3,365,000.

Vancouver West Townhouses / Attached Homes:

Vancouver West townhouses showed a modest 0.4% month-over-month decline to $1,419,000, with a 4.9% decrease year-over-year. This Vancouver West townhouse benchmark remains well above Metro Vancouver’s townhouse average of $1,106,800, offering luxury living with some price adjustment opportunities.

Check out Vancouver West townhouses available under $1,420,000 here, or explore luxury Vancouver West townhouse properties exceeding $1,420,000.

Vancouver West Condos / Apartments:

Vancouver West condo prices decreased by 1.0% from April, settling at $839,000. Year-over-year, Vancouver West apartment prices showed a modest 0.6% decline. Vancouver West condos remain substantially above Metro Vancouver’s benchmark of $757,300, offering luxury urban living with some market adjustment benefits.

View Vancouver West condos listed below $840,000 here, or check out high-end Vancouver West apartments above $840,000.

 West Vancouver Real Estate Market Activity:

West Vancouver housing market listings showed mixed results in May 2025. House listings in West Vancouver decreased to 254 in May from 260 in April but showed a 4.7% increase compared to May 2024. Townhouse listings in West Vancouver remained stable at 191, unchanged from April but representing a significant 19.4% increase year-over-year. Condo listings in West Vancouver declined to 821 from 860 in April, marking an 11.8% decrease from May 2024.

West Vancouver real estate sales activity showed varied trends across property types. House sales in West Vancouver increased slightly to 53 from 52 in April, resulting in a 20.9% sales ratio that represents a dramatic 47.9% decline compared to May 2024. West Vancouver townhouse sales jumped to 66 from 53 in April, with a 34.6% sales ratio, down 5.0% year-over-year. West Vancouver condo sales decreased to 290 from 321 in April, yielding a 35.3% sales ratio that reflects a 7.1% decline from the same period last year.

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

Metro Vancouver Real Estate Comparison – May 2025 Benchmark Data

May 2025 brought what Greater Vancouver REALTORS® described as continued buyer hesitancy despite the healthiest Vancouver housing market inventory levels seen in years. With Metro Vancouver real estate inventory reaching another ten-year high and sales remaining 18.5% below the previous year, the Vancouver BC real estate market conditions clearly favour buyers who are being “especially selective,” according to GVR’s director Andrew Lis.

Metro Vancouver’s sales-to-active listings ratios stood at 10.2% for detached homes, 17.4% for townhouses, and 14.7% for condos. Both Vancouver East and Vancouver West continued to outperform these regional averages, with Vancouver East showing sales ratios of 29.0% for houses, 34.7% for townhouses, and 32.2% for condos, while Vancouver West recorded 20.9%, 34.6%, and 35.3% respectively.

As 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 Vancouver spring real estate market’s unusual slowness may lead to an unexpectedly busy summer as many Vancouver homebuyers who delayed their purchasing decisions finally enter the market, creating opportunities for both value-seeking buyers and strategically positioned sellers across Vancouver’s diverse neighborhoods.

Frequently Asked Questions – Vancouver Real Estate May 2025

Q: Are Vancouver home prices dropping in May 2025? A: Yes, both Vancouver East and Vancouver West experienced price declines in May 2025, with detached homes in Vancouver East down 1.3% monthly and Vancouver West luxury properties down 1.9%.
Q: Is it a good time to buy Vancouver real estate in May 2025? A: May 2025 presents excellent Vancouver homebuyer opportunities with inventory at 10-year highs and sales ratios favoring purchasers across all property types in both Vancouver East and Vancouver West.
Q: Which Vancouver area offers better real estate value in May 2025? A: Vancouver East continues to offer more affordable options below Metro Vancouver averages, while Vancouver West provides luxury opportunities with significant price adjustments for premium properties.
Q: How does Vancouver East compare to Vancouver West for real estate investment? A: Vancouver East offers better entry-level pricing and stronger value potential, while Vancouver West provides luxury market opportunities with recent price corrections creating potential investment value.
Q: What are the best Vancouver neighborhoods to buy in May 2025? A: Both Vancouver East and Vancouver West offer distinct advantages – Vancouver East for affordability and value, Vancouver West for luxury properties experiencing price adjustments.