January 2025 saw further adjustments in Vancouver’s real estate market, with mixed price movements and fluctuating demand across Vancouver East and Vancouver West.
Vancouver East – Big Surge in New Listings with a High Sales Ratio for Condos and Townhouses, Balanced for Houses
Price Analysis:
House/Detached:
The benchmark price for detached homes in Vancouver East declined by 0.7% month-over-month, settling at $1,841,800. Compared to January 2024, the price increased slightly by 0.6%. Despite this, Vancouver East remains below Metro Vancouver’s benchmark of $2,005,400.
Check out Vancouver East single-family homes priced under $1,850,000 here, or explore those listed above $1,850,000 here.
Townhouse/Attached:
Townhouse prices in Vancouver East saw a 0.6% month-over-month decline, bringing the benchmark price to $1,140,300. However, townhomes exhibited strong 7.4% year-over-year growth, outperforming Metro Vancouver’s benchmark of $1,105,600.
Browse Vancouver East townhouses under $1,150,000 here, or view premium options above $1,150,000 here.
Condo/Apartment:
Condos in Vancouver East rose by 0.9% from December 2024, reaching $696,200. Year-over-year, prices increased modestly by 0.3%, remaining below Metro Vancouver’s benchmark of $748,100.
Find Vancouver East condos under $700,000 here, or browse those listed above $700,000 here for more options.
New Listings and Sales:
New listings surged across all property types in Vancouver East compared to December 2024. Detached home listings in Vancouver East rose significantly to 160 in January from 57 the previous month, marking a 27.5% year-over-year increase. Townhouse listings in Vancouver East followed a similar trend, climbing to 217 from 55, reflecting a 27.2% annual rise. Condo listings in Vancouver East also saw a notable increase, reaching 265 from 67, with a 15.1% yearly gain.
Sales activity in Vancouver East slowed in January 2025. House sales dropped to 31 from 57 in December, with a 19.4% sales ratio, down 40.9% compared to January 2024. Townhouse sales totaled 55, decreasing from 48 the previous month, with a 25.3% sales ratio, reflecting a 33.3% decrease year-over-year. Condo sales reached 71, down from 92 in December, with a 26.8% sales ratio, down 10.0% from last year.
Take a look at all the townhouses in Vancouver East with an open house coming up here.
Vancouver West – New Listings Surge with a Balanced Market for Houses and a Seller’s Market for Townhouses and Condos
Price Analysis:
House/Detached:
The benchmark price for houses in Vancouver West increased by 1.5% month-over-month, reaching $3,427,100. Year-over-year, this represents a 1.9% gain, keeping it well above Metro Vancouver’s benchmark of $2,005,400.
Explore Vancouver West homes under $3,430,000 here, or check out premium listings above $3,430,000 here.
Townhouse/Attached:
Townhouses in Vancouver West declined 3.3% month-over-month to $1,477,500, though they remained 6.6% higher than January 2024. This is above Metro Vancouver’s benchmark of $1,105,600.
Browse Vancouver West townhomes priced below $1,480,000 here, or explore high-end options above $1,480,000 here.
Condo/Apartment:
Condo prices dipped 1.1% from December to $810,300, marking a 4.0% year-over-year decline. Still, Vancouver West condos remain above Metro Vancouver’s benchmark of $748,100.
Explore Vancouver West condos priced under $810,000 here, or discover luxury options above $810,000 here.
New Listings and Sales:
Listings in Vancouver West increased in January 2025. Detached home listings in Vancouver West rose from 48 in December to 183 in January, a 20.2% year-over-year increase. Townhouse listings in Vancouver West saw a significant rise, moving from 43 to 188, reflecting a 45.7% annual increase. Condo listings in Vancouver West also experienced strong growth, jumping from 235 to 789, a 24.0% year-over-year increase.
Sales activity in Vancouver West varied across property types. House sales decreased to 35 from 47 in December, with a 19.1% sales ratio, down 28.4% from January 2024. Townhouse sales totaled 38, declining from 40 the previous month, with a 20.2% sales ratio, reflecting an 8.5% increase compared to last year. Condo sales reached 182, down from 219 in December, with a 23.1% sales ratio, down 25.6% from January 2024.
Take a look at all the condos in Vancouver West with an open house coming up here.
Metro Vancouver – Market Adjustments Continue as Sales Ratios Decline
Metro Vancouver’s real estate market continued adjusting in January, with sales activity slowing compared to the previous year. The overall sales ratios stood at 9.2% for detached homes, 18.5% for townhomes, and 16.5% for condos. Vancouver East and Vancouver West outperformed Metro Vancouver’s averages, though sales ratios declined year-over-year.
While townhouses continued to see stronger price growth compared to detached homes and condos, the market remains sensitive to mortgage rate fluctuations and inventory changes. The increase in new listings may provide buyers with more opportunities in the coming months, but sales trends suggest that market demand remains tempered.
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