March 2025 continued to reflect steady movement in Vancouver’s real estate market, with modest price fluctuations and active sales across both Vancouver East and Vancouver West.
Vancouver East – Condo Prices Rebound, Townhouse Market Holds Steady, Listings Expand Across the Board
Price Analysis:
House/Detached:
The benchmark price for detached homes in Vancouver East dipped slightly by 0.4% compared to February, settling at $1,854,600. Year-over-year, the price remained flat. Despite the slight softening, this benchmark remains below Metro Vancouver’s average of $2,034,400.
Explore Vancouver East detached homes listed under $1,855,000 here, or browse those listed above $1,855,000 here.
Townhouse/Attached:
Townhouse prices in Vancouver East held flat compared to February, remaining at a benchmark of $1,159,400. This represents a 2.0% year-over-year increase and remains higher than Metro Vancouver’s benchmark of $1,113,100.
Browse townhomes in Vancouver East priced below $1,160,000 here, or explore premium listings above $1,160,000 here.
Condo/Apartment:
The benchmark price for condos in Vancouver East climbed 1.7% in March to $702,800. Despite this monthly gain, condo prices are still down 1.3% year-over-year. Metro Vancouver’s average condo benchmark sits higher at $767,300.
Check out Vancouver East condos under $700,000 here, or explore units priced above $700,000 here.
New Listings and Sales:
New listings in Vancouver East rose across all property types. Detached home listings increased to 234 in March, up from 171 in February and 178 in March 2024, representing a 23.9% year-over-year increase. Townhouse listings reached 185, climbing from 148 the previous month and 167 a year ago, a 9.7% annual increase. Condo listings rose to 310 from 238 in February and 247 in March 2024, marking a 20.3% increase year-over-year.
Sales activity also remained strong throughout the region. Detached home sales totaled 69 for the month, resulting in a sales ratio of 29.5%, with a 31.8% decline compared to the same month last year. Townhouse sales hit 73, producing a sales ratio of 39.5%, representing an 18.6% drop year-over-year. Condos recorded 105 sales, with a 33.9%, down 33.6% from March 2024.
Take a look at all the condos in Vancouver East with an open house coming up here.
Vancouver West – Stable Prices and Strong Sales Ratios Across All Segments
Price Analysis:
House/Detached:
The benchmark price for Vancouver West detached homes dipped 0.3% month-over-month to $3,451,900. Prices remain essentially flat year-over-year, up just 0.1%. This remains well above Metro Vancouver’s $2,034,400 benchmark.
Explore Vancouver West detached homes under $3,450,000 here, or browse those listed above $3,450,000 here.
Townhouse/Attached:
Vancouver West townhomes declined 0.9% in March to a benchmark of $1,478,800. Year-over-year, this marks a modest 0.5% increase. The benchmark remains higher than Metro Vancouver’s townhouse benchmark of $1,113,100.
View Vancouver West townhomes listed below $1,480,000 here, or explore listings above $1,480,000 here.
Condo/Apartment:
Condo prices increased by 1.2% in March to $849,400. This represents a 0.9% gain from the same time last year. Vancouver West remains well above the Metro Vancouver condo benchmark of $767,300.
Browse Vancouver West condos priced under $850,000 here, or explore premium listings above $850,000 here.
New Listings and Sales:
New listings in Vancouver West increased across all property types. Detached home listings reached 204 in March, up from 172 in February and 169 in March 2024, a 17.2% year-over-year increase. Townhouse listings also rose, totaling 185 in March compared to 141 the previous month and 127 the same time last year, a 31.4% increase. Condo listings saw the highest volume, climbing to 924 in March from 751 in February and 676 in March 2024, marking a 26.8% year-over-year increase.
Sales activity reflected strong market performance across the board. Vancouver West recorded 52 detached home sales in March, producing a sales ratio of 25.5%, down 32.7% from the same month last year. Townhouses saw 51 sales, with a 27.6% sales ratio, representing a 39.6% decline year-over-year. Condo sales led the way, with 291 transactions and a sales ratio of 31.5%, down 29.5% from March 2024.
Take a look at all the condos in Vancouver West with an open house coming up here.
Metro Vancouver – Balanced but Active Spring Market
March brought solid activity to Metro Vancouver, maintaining balanced conditions overall. Despite mostly stable prices, the steady influx of listings is offering more choice to buyers.
Metro Vancouver’s March sales-to-active listings ratios are: 10.3% for detached homes, 21.5% for townhomes, and 16.2% for condos. Both Vancouver East and Vancouver West outpaced these benchmarks, reflecting sustained demand in these areas.
As the spring season picks up, buyer activity is meeting elevated listing volumes, creating one of the most balanced and competitive markets seen in recent years.
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