Q2 [ April - June] 2025
Slowing Sales and Elevated Inventory Mark Q2 2025
The second quarter of 2025 brought a more pronounced slowdown in real estate activity across North and West Vancouver, as buyer demand continued to soften through the spring months. Sales in North Vancouver fell 14.6% compared to Q2 last year, while West Vancouver saw a sharper drop of 23.8%. These declines contributed to weaker results for the first half of the year, with sales down 8.3% in North Vancouver and 20.5% in West Vancouver compared to the same period in 2024.
While the latest Greater Vancouver REALTORS® report suggests that conditions across the broader region may be beginning to stabilize — with year-over-year sales declines narrowing and sales-to-listing ratios holding near balanced levels — the North Shore picture remains more uneven. In May, North Vancouver saw a notable 15.9% drop in sales compared to last year, while West Vancouver posted a 6.3% increase. But in June, that trend reversed: sales in West Vancouver fell sharply by 29.7%, and North Vancouver saw a more modest 7.8% decline. This month-to-month variability highlights the challenges of reading too much into a single data point — and reinforces that, despite occasional upticks, the broader trend still points to a cooling market.
Elevated inventory levels have been a key feature of the spring market, particularly in North Vancouver, where supply remains well above 2024 levels — even with a slight dip from May to June. In West Vancouver, inventory continued to edge up, reaching a new high for the year. Together, this added selection has contributed to more balanced conditions in both markets, especially in segments of higher-end homes or certain strata properties, where buyers are seeing greater negotiating power.
Global uncertainty may also be playing a role in dampening market enthusiasm. Ongoing trade tensions between Canada and the U.S., coupled with the recent outbreak of conflict in Iran, have added to economic unease. While these developments may not directly impact local real estate, they can influence buyer confidence — particularly among those taking a more cautious, wait-and-see approach.
Looking ahead, the summer months typically bring a seasonal slowdown as many buyers, sellers, and agents take time away. That said, with inventory still elevated and mortgage rates showing little movement, conditions are likely to remain favourable for buyers in many segments.
June 2025 Market Review
In North Vancouver, 200 sales were reported in June — a 7.8% decrease from last year and 22.7% below the 10-year average.
New listings were up 14.3% year-over-year, while total inventory rose 29.0%, ending the month with 1,063 homes for sale – 44.7% above the 10-year average.
For all property types, the June 2025 sales-to-active listing ratio was 18.8%.
By property type, the June ratios were: 16.0% for detached houses, 24.8% for townhomes, and 18.6% for apartments.
By price range, the June ratios were:
| < $750,000: | 22.1% |
| $750k to $1M: | 18.2% |
| $1M - $1.5M: | 20.2% |
| $1.5M - $2M: | 20.1% |
| $2M - $2.5M: | 22.1% |
| $2.5M - $3M: | 12.7% |
| > $3M: | 9.3% |
In West Vancouver, 52 sales were reported in June — a 29.7% decrease from last year and 22.7% below the 10-year average.
New listings were up 4.2% year-over-year, while total inventory rose 6.2%, ending the month with 757 homes for sale – 15.2% above the 10-year average.
For all property types, the June 2025 sales-to-active listing ratio was 6.9%.
By property type, the June ratios were: 5.2% for detached houses, 24.1% for townhomes, and 11.0% for apartments.
By price range, the June ratios were:
| < $1M: | 12.5% |
| $1M - $2M: | 16.7% |
| $2M - $3M: | 9.6% |
| $3M - $4M: | 4.1% |
| $4M-$5M: | 4.1% |
| $5M-$6M: | 3.6% |
| >$6M | 1.4% |
Sales.
Explore all North Shore sales as soon as they’re reported, plus access our full database of sold real estate listings:
North Vancouver Sales >> | West Vancouver Sales >>
Planning a move this summer or fall? We’d be happy to meet and discuss market conditions, as well as how to prepare for buying or selling. Reach us at 604.983.2518, through the form on this page, or visit us at our office 110 East 1st Street, North Vancouver.
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JUNE 2025 Listing & Sales Stats
North Vancouver
| June - 25 | June - 24 | % Chg | |
| New Listings | 520 | 455 | +14.3 |
| Total Listings | 1,063 | 824 | +29.0 |
| Sales | 200 | 217 | -7.8 |
| Sales/Listings | 18.9% | 26% | -28.5 |
| SP/Original LP | 97.5% | 98.4% | -0.9 |
| Days on Market | 18 | 10 | +80.0 |
| Median Sale Price | |||
| Condos | $765,000 | $730,000 | +4.8 |
| Townhomes | $1,365,000 | $1,415,000 | -3.5 |
| Houses | $2,180,000 | $2,450,000 | -11.0 |
West Vancouver
| June - 25 | June - 24 | % Chg | |
| New Listings | 222 | 213 | +4.2 |
| Total Listings | 757 | 713 | +6.2 |
| Sales | 52 | 74 | -29.7 |
| Sales/Listings | 6.9% | 10.4% | -33.7 |
| SP/Original LP | 95.1% | 96.0% | -0.9 |
| Days on Market | 21 | 19 | +10.5 |
| Median Sale Price | |||
| Condos | -- * | -- * | n/a |
| Townhomes | -- ** | $940,000 | n/a |
| Houses | $2,750,000 | $2,875,000 | -4.3 |
Note: Median sale prices not reported when there are less than 20 sales [*West Van condo sales: June 2025: 15 - June 2024: 25] [**West Van townhome sales: June 2025: 7 - June 2024: 3]
Active Listing Stats
As of July 11, 2025 at 10:38 PM
North Vancouver
There are 1,083 homes for sale in North Vancouver including houses, condos, townhomes, duplex listings, and lot listings.
West Vancouver
There are 783 homes for sale in West Vancouver including houses, condos, townhomes, duplex listings, and lot listings.
Disclaimer: Historical sales, listings, and price data is from the Real Estate Board of Greater Vancouver as of the date published. Days on Market and Average Sale Prices are calculated as Medians. Note: Active Listing Statistics are based on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.