Vancouver Real Estate Market Trends: April 2025

March was surprisingly quiet for Vancouver home sales. With just 2,091 properties sold, we're seeing the lowest March numbers since 2019. That's down 13.4% from last year and a whopping 37% below what we'd typically expect for spring real estate activity.
Meanwhile, Vancouver property listings continue to climb steadily. There are now 14,546 properties available across the region – that's 38% more than this time last year! For context, we're sitting about 45% above the normal 10-year average for available homes.

Why Vancouver's Real Estate Market Conditions Favor Buyers

As Andrew Lis from Greater Vancouver REALTORS® explains: "Buyers in Metro Vancouver haven't seen market conditions this favourable in years."The current Vancouver housing market offers:

• Property prices that have eased from their peaks
• Some of the lowest mortgage rates we've seen in years
• The most homes to choose from in nearly a decade

Sellers appear ready to deal... but buyers just aren't showing up in the numbers we typically see during spring. Some of this might be connected to political and economic uncertainty, but there's likely more to the story.

Vancouver Neighborhood Real Estate Market Analysis

If you're considering a move within Metro Vancouver, here's how different property types and neighborhoods are performing:Vancouver Detached Homes are sitting at an average of $2,034,400 (up just 0.8% from last year). With a sales-to-listings ratio of only 10.3%, buyers definitely have options in popular neighborhoods like Point Grey and Dunbar.Vancouver Condos are averaging $767,300 (down 0.9% from last year) with balanced market conditions in areas like Downtown, Yaletown, and Mount Pleasant.Vancouver Townhouses remain the hot ticket item, averaging $1,113,100 with a sales-to-listings ratio of 21.5% – that's almost in seller's market territory! There are only about 2,200 townhomes available across the entire region, particularly limited in walkable communities like Fairview and Olympic Village.

What This Means for Vancouver Home Buyers and Sellers

For young professionals and families looking in Vancouver neighborhoods with great walkability scores, access to trails, and vibrant local scenes – this market presents some interesting opportunities:You've got time to really explore neighborhoods and find your ideal community fit. Whether you're looking for that perfect coffee shop around the corner in Kitsilano or easy access to the trails in North Vancouver, you can be more selective right now.We're seeing a market that feels a lot like early 2023, where Vancouver real estate prices stayed pretty flat and things started slowly before picking up in late spring and summer.

The Future of Vancouver's Real Estate Market

If history is any guide, this "holding pattern" probably won't last forever. Markets tend to find their equilibrium, and with so many great communities across Vancouver continuing to attract people who value the lifestyle we offer, demand typically returns.For now though, there's a unique window where you can actually take your time, ask questions, and find exactly the right fit for your needs without the pressure of multiple offers and bully bids.