Vancouver Real Estate Market Update – February 2025: Where Buyers and Sellers Have the Advantage
Vancouver’s real estate market continues to shift, with some areas favoring buyers and others seeing strong demand for sellers. Detached homes are generally cooling, giving buyers more leverage, while condos and townhomes remain competitive. Let’s break down the trends, numbers, and insights so you can make the best move—whether you’re looking to buy, sell, or invest.🏙 Downtown Vancouver: Buyer’s Market, But Condos Are Holding Strong
📉 Market Type: Buyer’s Market (11% sales ratio)💰 Best for Buyers: Luxury condos in Coal Harbour ($2.75M - $3M, low demand, high inventory)
🏡 Best for Sellers: 1-bedroom condos in Yaletown & West End (high demand from first-time buyers & investors)Downtown Vancouver continues to favor buyers, especially for higher-end properties.
- Condos priced between $2.75M - $3M in Coal Harbour are sitting on the market longer, giving buyers a chance to negotiate. This is likely due to a shift in demand toward more affordable luxury or alternative investment opportunities outside the downtown core.
- Meanwhile, 1-bedroom condos in Yaletown and the West End are selling fast. These are attracting first-time buyers, young professionals, and investors looking for walkability and strong rental potential.
- Overall sales ratio: 11% (Buyer’s Market)
- Most active price range: $400K - $500K condos (Balanced Market, 20% sales ratio)
- Days on market: 19 (down from 39 last month, indicating stronger buyer activity for affordable units)
🔍 Market Insight:
If you’re selling a luxury unit, be patient and price strategically. If you’re buying under $1M, expect competition.🌇 Vancouver Westside: Buyers Control Detached Homes, Balanced for Condos
📉 Detached Homes: Buyer’s Market (6% sales ratio)🏢 Condos & Townhomes: Balanced Market (16% sales ratio)
💰 Best for Buyers: Large homes in Cambie, Shaughnessy & South Granville ($3M+ range, slow-moving market)
🏡 Best for Sellers: 2-bedroom condos in Mount Pleasant & Kitsilano (high demand, young professionals & downsizers moving in)Westside Vancouver presents two very different markets—a tougher detached home market for sellers but a steady condo/townhome segment.
- Detached homes, especially larger properties ($3M+), are struggling as interest rates impact affordability, and buyers hold out for deals. This is most evident in Cambie, Shaughnessy, and South Granville, where inventory is growing.
- On the other hand, condos and townhomes in Kitsilano and Mount Pleasant are in demand, driven by downsizers, professionals, and investors. These neighborhoods offer a mix of lifestyle, amenities, and accessibility, keeping demand strong.
- Detached home sales ratio: 6% (strong Buyer’s Market)
- Attached home sales ratio: 16% (Balanced Market)
- Most active condo price range: $500K - $600K (29% sales ratio, Seller’s Market)
- Days on market for condos: 17 (down 47% from last month, meaning faster sales)
🔍 Market Insight:
If you’re looking for a detached home, now is a great time to buy. If you’re selling a condo in Kits, you’re in a strong position to sell quickly.🏡 Vancouver Eastside: A Tale of Two Markets – Sellers’ Market for Condos, Buyers’ Market for Houses
📉 Detached Homes: Buyer’s Market (11% sales ratio)🏢 Condos & Townhomes: Seller’s Market (21% sales ratio)
💰 Best for Buyers: Larger homes in Collingwood, Fraserview & Victoria ($2.75M - $3M, more listings than buyers)
🏡 Best for Sellers: Small houses in Killarney & Main (high demand, affordability driving competition)Vancouver Eastside is seeing a clear split—detached homes are cooling, but condos and townhomes are in high demand.
- Detached homes priced over $2.75M are struggling, especially in Collingwood, Fraserview, and Victoria. Buyers in this price range are cautious, knowing they have options and negotiating power.
- However, smaller homes in Killarney and Main are selling fast. Why? They offer a mix of affordability and space, making them appealing to families and young buyers moving up from condos.
- Detached home sales ratio: 11% (Buyer’s Market)
- Condo/townhome sales ratio: 21% (Seller’s Market)
- Most active price range: $900K - $1M condos (37% sales ratio, very competitive)
- Days on market for detached: 15 (down from 37, slight improvement for sellers)
🔍 Market Insight:
If you’re selling a condo in East Van, you’re in a strong position to get a good price. Detached home buyers, take your time—there’s room for negotiation!📌 Key Takeaways for Buyers & Sellers in Vancouver
🔹 If you’re a buyer:- Detached homes in Vancouver Westside and Eastside offer the best deals right now.
- Luxury Coal Harbour condos are slow-moving, giving high-end buyers room to negotiate.
- If you’re looking for a home under $1M, expect competition, especially in East Van and Kits.
- Now is a great time to sell a condo in Yaletown, Mount Pleasant, Kitsilano, or Killarney.
- Detached home sellers in Cambie, Shaughnessy, and Collingwood should be prepared to wait or adjust pricing.
- If you’re selling a small home in East Van, demand is strong—buyers are looking for affordability and family-friendly options.