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The Metro Vancouver real estate market update continued its late-summer transition in August 2025, with rising inventory levels and more cautious buyer activity shaping the month’s trends. While sales volumes remained steady in some segments, benchmark prices saw modest declines across the board. Here’s how the market performed last month.
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Detached Homes
Detached homes experienced a seasonal slowdown in August. Although sales rose compared to last year, price adjustments and longer average selling times reflected a shift in buyer behavior.
- Total Sales: 577
- Active Listings: 6,328
- Benchmark Price: $1,950,300
- Average Days on Market: 47
- One-Year Price Change: –4.8%
As a result, this segment is now firmly in buyer’s market territory; consequently, the ample inventory and softer pricing offer buyers more room to negotiate.
Townhomes
Townhomes continue to show balanced performance. Despite a slight dip in prices, buyer demand remained consistent, and this segment continues to offer a strong middle ground between affordability and space.
- Total Sales: 310
- Active Listings: 1,952
- Benchmark Price: $1,079,600
- Average Days on Market: 36
- One-Year Price Change: –3.5%
Condos
The condo market showed signs of moderation as well. While inventory is up, average days on market also increased, suggesting that buyers are being more selective.
- Total Sales: 956
- Active Listings: 6,746
- Benchmark Price: $734,400
- Average Days on Market: 42
- One-Year Price Change: –4.4%
Sales-to-Active Listings Ratio
This metric helps identify the type of market we’re currently in:
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Detached | 9.1% | Buyer’s Market |
| Condos | 14.2% | Balanced |
| Townhomes | 15.9% | Balanced |
The detached segment continues to offer the most buyer-friendly conditions, while townhomes and condos remain relatively balanced.
August vs. July: Month-Over-Month Trends
Compared to July 2025, the market saw some notable shifts:
- Detached sales eased (660 → 577), with benchmark pricing trending slightly lower.
- Condo sales declined (1,160 → 956), and time on market increased.
- Townhome activity slowed (376 → 310), though prices held relatively stable.
These shifts suggest the market is gradually cooling following spring’s heightened activity.
Neighbourhood Highlights
A few notable trends across Metro Vancouver:
- Squamish (Detached): Benchmark price: $1,690,200 — up 12.4% year-over-year
- Whistler (Townhomes): Benchmark price: $1,605,400 — down 5.9% year-over-year
- West Vancouver (Condos): Benchmark price: $1,255,800 — up 1.7% year-over-year
Meanwhile, localized movements continue to reflect varied demand and supply dynamics across sub-markets.
Long-Term Price Trends
The MLS® HPI Benchmark Price chart (page 5 of the August 2025 report) shows:
- Detached prices have been trending downward since early 2024, now sitting just below $2 million.
- Condo prices have softened steadily over the past 12 months.
- Townhomes have also experienced a slight dip after peaking in late 2024.
Average Price Per Square Foot (August 2025):
- Detached: $763
- Townhomes: $747
- Condos: $909
These figures help illustrate the cost per livable square foot across property types; moreover, they add useful perspective for buyers comparing value.
What This Means for Buyers and Sellers
For Buyers, there’s greater inventory and more room for negotiation, especially in the detached home market. For those seeking townhomes, conditions are balanced and favourable.
On the other hand, sellers, need accurate pricing in today’s market.. Townhome and condo sellers can still find qualified buyers, but competition is stronger. Detached sellers may face longer listing periods and more price sensitivity.
Planning to Buy or Sell This Fall?
As market conditions continue to shift, having up-to-date insights and a data-driven strategy is key. Whether you’re upsizing, downsizing, or entering the market for the first time, we’re here to guide you with clarity and confidence.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca