April 2025 revealed a transforming Vancouver real estate landscape marked by increasing buyer advantage amid economic uncertainty. Vancouver East and West showed distinct patterns, with East Vancouver maintaining relative price stability while West Vancouver properties saw more pronounced declines—all against a backdrop of political transitions and trade tensions that have prompted many buyers to adopt a wait-and-see approach.
Vancouver East – Slower Sales Despite Stable Prices
Price Analysis:
House/Detached:
The benchmark price for detached homes in Vancouver East remained relatively stable with a slight 0.1% month-over-month decline, settling at $1,852,000. Year-over-year, prices decreased by 0.5%. Vancouver East’s detached home benchmark continues to sit below Metro Vancouver’s average of $2,021,800.
Browse Vancouver East detached homes under $1,855,000 here, or explore available options above $1,855,000.
Townhouse/Attached:
Townhouse prices in Vancouver East saw a more pronounced 2.7% month-over-month decrease, bringing the benchmark price to $1,128,400. Year-over-year, prices fell by 1.4%, though they remain above Metro Vancouver’s townhouse benchmark of $1,102,300.
Explore Vancouver East townhomes listed below $1,130,000 here, or check out exclusive properties above $1,130,000.
Condo/Apartment:
The benchmark price for condos in Vancouver East held steady with a minimal 0.1% month-over-month increase, reaching $703,600. Despite this stability, prices are down 2.1% year-over-year and remain below Metro Vancouver’s condo benchmark of $762,800.
Search Vancouver East condos priced below $705,000 here, or view high-end listings above $705,000.
New Listings and Sales:
New listings in Vancouver East showed varied trends across property types. Detached home listings in Vancouver East increased slightly to 240 in April from 234 in March, though this represents a significant 26.3% year-over-year decline. Townhouse listings in Vancouver East decreased to 175 from 185 in March, reflecting a 21.7% drop compared to April 2024. Condo listings in Vancouver East remained relatively stable at 312, up slightly from 310 in March but still showing a 9.0% decrease year-over-year.
Sales activity in Vancouver East showed a slowdown compared to last year. House sales decreased to 67 in April from 69 in March, with a 27.9% sales ratio that reflects a 27.7% decline compared to the same month last year. Townhouse sales fell to 63 from 73 in March, yielding a 36.0% sales ratio, down 13.8% year-over-year. Condo sales increased slightly to 110 from 105 in March, with a 35.3% sales ratio, though this still represents a 16.2% decline from April 2024.
Take a look at all the townhomes in Vancouver East with an open house coming up here.
Vancouver West – Price Adjustments Continue with Mixed Sales Performance
Price Analysis:
House/Detached:
The benchmark price for houses in Vancouver West decreased by 0.7% month-over-month to $3,427,100. Year-over-year, prices fell by 2.5%, representing a more significant adjustment compared to Vancouver East. Vancouver West’s detached home benchmark continues to substantially exceed Metro Vancouver’s average of $2,021,800.
Discover Vancouver West detached homes listed under $3,430,000 here, or explore upscale options above $3,430,000.
Townhouse/Attached:
Townhouses in Vancouver West showed a significant 2.7% month-over-month decline to $1,424,700, with a 1.4% decrease year-over-year. This benchmark remains well above Metro Vancouver’s townhouse average of $1,102,300.
Check out Vancouver West townhouses available under $1,425,000 here, or explore luxury properties exceeding $1,425,000.
Condo/Apartment:
Condo prices in Vancouver West showed minimal change with a slight 0.2% decrease from March, settling at $847,200. Year-over-year, prices decreased by 0.6%. Vancouver West condos remain significantly above Metro Vancouver’s benchmark of $762,800.
View Vancouver West condos listed below $850,000 here, or check out high-end selections above $850,000.
New Listings and Sales:
New listings in Vancouver West showed mixed patterns. Detached home listings in Vancouver West increased significantly to 260 in April from 204 in March, marking a slight 0.8% decrease compared to April 2024. Townhouse listings in Vancouver West rose slightly to 191 from 185 in March but fell 14.1% year-over-year. Condo listings in Vancouver West decreased to 860 from 924 in March, reflecting a substantial 17.3% decline from April 2024.
Sales activity in Vancouver West showed varied trends. House sales remained stable at 52, unchanged from March but resulting in a 20.0% sales ratio that represents a significant 41.8% decline from April 2024. Townhouse sales increased slightly to 53 from 51 in March, with a 27.7% sales ratio, down 9.7% year-over-year. Condo sales showed strength, rising to 321 from 291 in March, yielding a 37.3% sales ratio that marks a 20.3% increase compared to last year.
Take a look at all the condos in Vancouver West with an open house coming up here.
Metro Vancouver – Steady Market with Opportunity for Buyers
Metro Vancouver’s real estate market maintained balanced conditions in April, with the overall sales-to-active listings ratio at 13.8%. By property type, the ratio stood at 9.9% for detached homes, 17.5% for townhouses, and 15.7% for condos. Both Vancouver East and West outperformed the regional averages for townhouses and condos, reflecting continued demand in these urban areas despite overall market cooling.
The April figures reflect what Greater Vancouver REALTORS® director Andrew Lis described as “an abundance of opportunity for buyers” with inventory levels cresting 16,000 for the first time since 2014. With interest rates at their lowest levels in years and stable pricing across all segments, buyers have more choices and better financing options than they’ve seen in quite some time.
As the spring market progresses, Vancouver’s real estate landscape offers a range of opportunities for both buyers and sellers, especially in the townhouse and condo segments where sales ratios suggest more competitive conditions.
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