June 2025: Real Estate Market Update

Signs of Stability Emerge in June Home Sales

After a slow start to 2025, the real estate market in Metro Vancouver is showing signs of recovery. June sales were still down year-over-year, but only half as much as the decline we saw in May, suggesting momentum is building. With over 17,000 listings available and mortgage rates down about 2% since last summer, buyers are experiencing some of the best conditions we’ve seen in years. Most segments remain in a balanced market, keeping prices relatively steady so far this year.

The Greater Vancouver REALTORS (GVR) reports that residential sales in the region totalled 2,181 in June 2025- which is  a 9.8% decrease from the 2,418 sales recorded in June 2024.

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 $400,000 – $500,000 with average 20% Sales Ratio (Balanced market)
• Opportunity for Buyers: Homes between $1.5mil – $1.75mil / minimum $5mil Coal Harbour, Downtown and minimum 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 9% Sales Ratio average (9 in 100 homes selling rate)
• Housing Prices: Homes are selling on average 6% below list price
• Most Active Price Band: Homes between $2 mil – $2.25 mil with average 60% Sales Ratio (Sellers Market)
• Opportunity for Buyers: Homes minimum $7.5 mil, Mackenzie Heights and minimum 7 bedroom properties
• Opportunity for Sellers: Selling homes in University and up to 2 bedroom properties

Attached Housing

• Market Type: Balanced Market at 17% Sales Ratio average (1.7 in 10 homes selling rate)
• Housing Prices: Homes are selling on average 2% below list price
• Most Active Price Band: Homes between $400,000 – $500,000 with average 47% sales ratio (Sellers market)
• Opportunity for Buyers: Homes between $1.75 mil – $2.5 mil, Dunbar, South Cambie, South Granville and minimum 3 bedrooms
• Opportunity for Sellers: Selling homes in Fairview, Kitsilano, Mount Pleasant and up to 1 bedroom properties

Vancouver Eastside: 

Detached Housing

• Market Type: Balanced Market at 14% Sales Ratio average (1.4 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 31% Sales Ratio (Sellers Market)
• Opportunity for Buyers: Homes between $2.5 mil – $3.5 mil, Collingwood, Fraserview, South Vancouver and minimum 7 bedrooms
• Opportunity for Sellers: Selling homes in Knight, Mount Pleasant and 5 to 6 bedrooms

Attached Housing

• Market Type: Sellers Market at 18% Sales Ratio average (1.8 in 10 homes selling rate)
• Housing Prices: Homes are selling on average 2% below list price
• Most Active Price Band: Homes between $300,000 – $400,000 with average 38% Sales Ratio (Sellers Market)
• Opportunity for Buyers: Homes between $1.25 mil – $1.5 mil Main, South Marine and 3 bedroom properties
• Opportunity for Sellers: Selling homes in Champlain Heights, Hastings, Grandview Woodland 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 June 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.