Fall Market Update – Welcome Back!
We hope you had a wonderful summer and are settling into new routines—and for some of our clients, new homes and neighbourhoods!
As expected, the summer market was a little quieter than June, but still steady. We were fortunate to help 11 families buy and sell in July and August. While the pace has slowed, the market continues to move.
What’s happening this Fall?
Recent Market Stats (August 2025, Greater Vancouver REALTORS®):
By property type:
The takeaway? Buyers currently have strong selection, but if sales keep climbing and inventory starts tightening, that window of opportunity could narrow heading into winter.
- Condos – The condo market has been a bit sluggish, but well-priced units in desirable buildings are still selling. It’s taking longer for some listings to find the right buyer, but movement is happening.
- Townhomes & Single-Family Homes – Prices have come down over the past year, creating some excellent opportunities for buyers. Homes in sought after neighbourhoods, that are well maintained and priced reasonably, continue to sell—sometimes very quickly. The standout listings are the ones that check all three boxes: great location, move-in ready, and priced right.
- Looking Ahead – An interest rate cut may be on the horizon, which could help stimulate activity. We don’t anticipate a wild Fall market, but the best homes will move fast—so preparation is key if you’re thinking about buying.
Recent Market Stats (August 2025, Greater Vancouver REALTORS®):
- Home sales: 1,959, up 2.9% from August 2024, but still 19.2% below the 10-year average.
- New listings: 4,225, up 2.8% year-over-year, and slightly above the 10-year average.
- Total active listings: 16,242, up 17.6% from last year, and 36.9% above the 10-year average.
- Prices have eased about 2% since January, with sellers adjusting expectations, leading to more aligned negotiations and improving transaction volume.
By property type:
- Detached homes: 575 sales (+13% year-over-year), benchmark price $1,950,300 (down 4.8% from last year).
- Townhomes: 409 sales (+10.5%), benchmark price $1,079,600 (down 3.5% from last year).
- Condos: 956 sales (-5.5%), benchmark price $734,400 (down 4.4% from last year).
The takeaway? Buyers currently have strong selection, but if sales keep climbing and inventory starts tightening, that window of opportunity could narrow heading into winter.
Wishing you a cozy, colourful Fall season!
Have Questions? Contact Us Today!