Homes newly listed on the MLS rose 46 % year-over-year in January, as sellers appear eager to enter the market to start the year.
Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2025 is 14.1 %. By property type, the ratio is 9.2 % for detached homes, 18.5 % for attached, and 16.5 % for apartments.
“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year. Even with this increase in new listing activity, sales continue to outpace last years’ figures, signaling some buyer appetite remains after the upswing that finished off 2024.” Andrew Lis, Director of Economics and Data Analytics.
“Our 2025 forecast calls for moderate price growth by the end of the year, but we have cautioned that shocks to the economy such as those currently threatening Canada via tariffs from the US could impact these estimates. Going forward, whether these tariffs actually come into force, the duration they remain in place, and the degree to which Canada retaliates will determine the impact to the housing market in our region in the months ahead, if any.” Andrew Lis, Director of Economics and Data Analytics.
We often find the statistics can be broad, and you might wonder “How does this relate to my home?” We have broken down the sales activity for Downtown Vancouver, East Van and the Westside in the hopes that you can better understand what’s really going on in 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 1% below list price
- Most Active Price Band: Homes between $300,000 – $400,000 with average 71% Sales Ratio (Sellers market)
- Opportunity for Buyers: Homes between $1.75mil, Coal Harbour, Downtown and 3 bedroom properties
- Opportunity for Sellers: Selling homes in West End, Yaletown and up to 1 bedroom properties
Vancouver Westside:
Detached Housing
- Market Type: Buyers Market at 6% Sales Ratio average (6 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 3% below list price
- Most Active Price Band: Homes between $2.25 mil – $2.75 mil with average 50% Sales Ratio (Sellers market)
- Opportunity for Buyers: Homes minimum $4 mil to $6 mil Shaughnessy and minimum 5 bedroom properties
- Opportunity for Sellers: Selling homes in SW Marine and 3 to 4 bedroom properties
Attached Housing
- Market Type: Balanced Market at 12% Sales Ratio average (1.2 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 1% below list price
- Most Active Price Band: Homes between $900,000 – $1 mil with average 24% sales ratio (sellers market)
- Opportunity for Buyers: Homes between $1.75 mil – $2 mil South Cambie and minimum 4 bedroom properties
- Opportunity for Sellers: Selling homes in Kitsilano, Quilchena and 2 bedroom properties
Vancouver Eastside:
Detached Housing
- Market Type: Balanced Market at 7% Sales Ratio average (7 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 1% below list price
- Most Active Price Band: Homes between $2 mil – $2.25 mil with average 14% Sales Ratio (Balanced Market)
- Opportunity for Buyers: Homes between $3 mil – $4 mil, Collingwood, Renfrew Heights and 3 to 4 bedroom properties
- Opportunity for Sellers: Selling homes in Fraser, Killarney and up to 2 bedrooms and 5 to 6 bedroom properties
Attached Housing
- Market Type: Sellers Market at 19% Sales Ratio average (1.9 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 100% of list price
- Most Active Price Band: Homes between $300,000 – $400,000 with average 50% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes between $1 mil to $1.25 mil, Main and up to 2 bedroom properties
- Opportunity for Sellers: Selling homes in Champlain Heights, Renfrew, Victoria 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 February 2, 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.