Courtesy of Natalie King

A market made for buyers is missing buyers

$767,300 apartment DOWN 0.9% year-to-year

$2,034,400 detached

UP 0.8% year-to-year

BENCHMARK PRICES

$1,113,100 attached DOWN 0.8% year-to-year

14,546 ACTIVE LISTINGS 2,091 SOLD LISTINGS

detached 527 1,084 apartment

detached 5,110 6,672 apartment

32.4% SALES TO NEW LISTING RATIO

35 DAYS ON MARKET (detached)

7.0 MONTHS OF INVENTORY

6,455 NEW LISTINGS

Vancouver, April 2, 2025: “If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS ® than we’ve seen in almost a decade. Sellers appear ready to engage — but so far, buyers have not shown up in the numbers we typically see at this time of year.” The total number of properties currently listed for sale on the MLS ® system in Metro Vancouver is 14,546.

The MLS ® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 per cent increase compared to February 2025. Sales of detached homes in March 2025 reached 527. The benchmark price for a detached home is $2,034,400. Sales of apartment homes reached 1,084 in March 2025. The benchmark price of an apartment home is $767,300. Attached home sales in March 2025 totalled 472. The benchmark price of a townhouse is $1,113,100. Statistics reflect market activity in March 2025 | Source: Greater Vancouver REALTORS ® (GVR) | Market values stated are of the benchmark of Vancouver and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Natalie King Real Estate Agent Direct: 778-870-4323 | natalieking@live.ca www.NatalieKingHomes.com

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