August 2025 Market Update
Sep 06, 2025
“Lower Prices Spark Sales Momentum in August”
Metro Vancouver’s easing prices encouraged more buyers back into the market in August, pushing MLS® home sales up nearly 3% compared to the same month last year.
August results point to Metro Vancouver’s housing market gradually rebounding after a slower start to the year. Detached and attached home sales rose 10% compared to last August, suggesting renewed activity from buyers in higher price ranges.
Prices have eased roughly 2% since January and dipped about 1% month over month in August, showing that many sellers are adjusting expectations. “As sellers and buyers become more aligned, we’re seeing transaction volumes increase,” Lis noted. While new listings remain consistent with the ten-year seasonal average, stronger sales activity could start to draw down available inventory. If this trend continues, the current window of opportunity for buyers may begin to narrow.
We understand that market statistics can sometimes feel too general, leaving you wondering, “How does this apply to me?” To address this, we’ve detailed the sales activity in Downtown Vancouver, East Van, and the Westside. Our goal is to help you gain a clearer understanding of the real estate trends directly affecting your neighbourhood.
Downtown Vancouver:
- Market Type: Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 3% below list price
- Most Active Price Band: Homes between $400,000 – $500,000 with average 32% Sales Ratio (Sellers market)
- Opportunity for Buyers: Homes between $2.25mil – $2.5mil Coal Harbour and 2 bedroom properties
- Opportunity for Sellers: Selling homes in Yaletown and minimum 4 bedroom properties
Vancouver Westside:
Detached Housing
- Market Type: Buyers Market at 8% Sales Ratio average (8 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 3% below list price
- Most Active Price Band: Homes between $2 mil – $2.25 mil with average 38% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes minimum $7.5 mil, Shaughnessy and minimum 7 bedroom properties
- Opportunity for Sellers: Selling homes in Arbutus and 3 to 4 bedroom properties
Attached Housing
- Market Type: Balanced Market at 18% Sales Ratio average (1.7 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 1% below list price
- Most Active Price Band: Homes between $700,000 – $800,000 with average 35% sales ratio (Sellers market)
- Opportunity for Buyers: Homes between $2.25 mil – $2.5 mil, Oakridge, South Granville and 3 bedroom properties
- Opportunity for Sellers: Selling homes in Dunbar, Fairview, Kitsilano and up to 1 bedroom properties
Vancouver Eastside:
Detached Housing
- Market Type: Buyers Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 4% below list price
- Most Active Price Band: Homes between $1.25 mil – $1.5 mil with average 33% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes between $3.5 mil – $4 mil, Collingwood, Fraserview, Renfrew Heights and minimum 7 bedrooms
- Opportunity for Sellers: Selling homes in Fraser, Hastings Sunrise, Main and 3 to 4 bedrooms
Attached Housing
- Market Type: Balanced Market at 16% Sales Ratio average (1.6 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 100% of list price
- Most Active Price Band: Homes between $900,000 – $1.25 mil with average 25% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes in Grandview Woodland, Renfrew and up to 1 bedroom properties
- Opportunity for Sellers: Selling homes in Champlain Heights, Fraser, Main and minimum 4 bedroom properties
Get in touch with us today to better understand your unique situation and get honest advice on how your home fits within the overall picture. It’s important to ensure you’re getting the right advice with your best interests at heart.
Let’s chat over a complimentary coffee and see how we can help with any questions you may have!
This report data was captured on September 1, 2025 from the Real Estate Board of Greater Vancouver MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Resident Experts do not assume any responsibility or liability.
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