Estimated reading time: 3 minutes
Thinking of buying or selling a home in Metro Vancouver? Here’s a clear look at what’s been happening in our local real estate market. From detached homes to condos and townhomes, we break down the numbers and what they mean for you.
See Full Stats
Detached Homes
- Sales: 545
- Active Listings: 5,768
- Benchmark Price: $1,900,600
- Average Days on Market: 51 days
- Year-over-Year Price Change: -4.3%
Townhomes
- Sales: 253
- Active Listings: 1,848
- Benchmark Price: $1,065,600
- Average Days on Market: 39 days
- Year-over-Year Price Change: -4.4%
Condos
- Sales: 948
- Active Listings: 6,318
- Benchmark Price: $714,300
- Average Days on Market: 44 days
- Year-over-Year Price Change: -5.2%
Sales-to-Active Listings Ratio
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Detached | 9.4% | Buyer’s Market |
| Townhomes | 13.7% | Balanced Market |
| Condos | 15.0% | Balanced Market |
According to the chart on page 1, detached homes are firmly in buyer’s market territory. Townhomes and condos remain in the balanced range, meaning neither buyers nor sellers hold a strong advantage.
Month-over-Month & Year-over-Year Trends
Month-over-Month (October to November 2025):
- Detached: Benchmark price dipped slightly from $1,908,900 to $1,900,600
- Townhomes: Essentially flat ($1,064,800 to $1,065,600)
- Condos: Minor drop from $715,800 to $714,300
Year-over-Year:
- Detached home prices fell 4.3%
- Condo prices dropped 5.2%
- Townhomes decreased by 4.4%
What’s driving the trend? Slower sales and increasing inventory are giving buyers more choice and leverage across most segments.
Neighbourhood Highlights
According to the price trends graph on page 5, here’s how long-term benchmark prices have shifted:
- Detached homes peaked in early 2024 near $1.99M and are now at $1.90M.
- Townhomes reached a high of $1.11M in early 2024 and are now at $1.065M.
- Condos slipped from a high near $757K to $714K.
A few standout neighbourhoods in 2025:
- Port Moody (Detached): + 0.3% YoY to $2,089,600 – a rare positive move
- Squamish (Condos): +3.4% YoY to $606,800
- Whistler (Detached): +1.5% YoY to $2,476,200
These pockets may indicate local demand resilience or unique lifestyle draws.
What This Means for You
- More choice, less pressure. With inventory up and prices softening, it’s a great time to shop around and negotiate confidently.
- Consider looking at townhomes or condos in balanced markets for more flexibility.
- Preparation matters. Homes are taking longer to sell. Pricing competitively and staging well can make all the difference.
- Focus on standout features or updates that appeal to today’s buyers.
- Watch for value plays. Some neighbourhoods, like Squamish and Port Moody, are bucking the downward trend. These areas could offer long-term upside.
- Condo and townhome markets may present rental opportunities as prices correct.
Let’s Talk About Your Next Move
Whether you’re buying your first home, upsizing, downsizing, or investing, the current market offers both challenges and opportunities. We’re here to help you navigate with clarity and confidence.
Book a personalized consultation or request a free home evaluation today. Let’s find the strategy that works best for you.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca