“Home sales registered in the Multiple Listing Service® (MLS®) in Metro Vancouver finished the year down 10%, marking the lowest annual sales total in over twenty years” (Greater Vancouver Realtor)
- Detached 11%
- Condo 29%
- Townhouse 26%
Detached Annual Sales 691 sales yearly, Down 2.95% from 2024. 0% from annual sales of 2023.
Condo annual sales 944 units, Down 11.8% from 2024. Down 12.4% from annual sales of 2023.
Townhouse annual sales 334, Down 6.7% from 2024. Down 1.2% from annual sales of 2023.
But how did North Vancouver perform?
But how did North Vancouver perform?
Pricing
Detached PRICING
8 OF THE LAST 12 MONTHS WERE IN DECLINING PRICESAverage Detached North Vancouver House Price ($)= $2,041,600 This is a 3.7% decline from 12 months ago and a 13.8% decline from Peak Pricing of March 2022 ($2,368,500)
Condo PRICING
6 OF THE LAST 12 MONTHS WERE IN DECLINING PRICES
Average Condo North Vancouver Price ($)= $775,500 This is a 2.8% decline from 12 months ago and a 6.6% decline from Peak Pricing of May 2022 ($830,200)
Townhouse PRICING
7 OF THE LAST 12 MONTHS WERE IN DECLINING PRICES
Average Townhouse North Vancouver Price ($)= $1,257,000. This is a 4.4% decline from 12 months ago and a 12% decline from Peak Pricing of May 2024 ($1,429,800)
Sales-to-Active (what's selling VS. what's listing)
- Condo 29%
- Townhouse 26%
** The December figures offer a limited perspective of current market conditions. Seasonal trends, including the holiday inventory reduction and the common practice of de-listing homes until the new year, typically result in lower transaction volumes that don't fully capture the underlying demand. January (end of) numbers will give a better reflection of Sales-to-Active.
BUYER MARKET = less than 12% sales to active inventory
SELLER MARKET = more than 20% sales to active inventory
Ending Inventory (2025 vs. 2024)
Detached inventory finished the year 31% higher than last year.
Condo inventory finished 10% higher
Townhouse inventory finished 62% higher
ANNUAL SALES: Analysis.. its not all bad news
Compared to last year (2025 VS. 2024):
Detached Annual Sales 691 sales yearly, Down 2.95% from 2024. 0% from annual sales of 2023.
Condo annual sales 944 units, Down 11.8% from 2024. Down 12.4% from annual sales of 2023.
Townhouse annual sales 334, Down 6.7% from 2024. Down 1.2% from annual sales of 2023.
all data obtained from MLS data and the Greater Vancouver Realtors.