Q1 [Jan-March] 2025
The North and West Vancouver real estate market finds itself caught between momentum and caution this spring, as active sellers meet hesitant buyers.
Spring is typically a busy time for real estate, but to date, sales have remained relatively flat, suggesting that buyers are exercising caution despite improved financing conditions and more favorable prices.
Sellers, on the other hand, have shown more initiative, with new listings outpacing sales and leading to a steady accumulation of inventory. While recent rate cuts have improved affordability, broader economic and political uncertainties - such as the upcoming federal election, the escalating trade war, and general economic concerns - continue to temper buyer enthusiasm. This has created an inconsistent market, with some homes selling quickly at strong prices, while others experience price softening and require time and adjustments to sell.
Looking ahead, the outcome of the federal election could play a role in restoring confidence and stability, particularly if a majority government emerges. However, if the trade war persists or if changes aren’t made to alleviate uncertainty, the market may remain unpredictable and variable for the foreseeable future.
In North Vancouver, there were 471 sales for the first quarter of 2025, with 1,285 new listings.
Comparing March 2025 to March 2024, total reported sales were down 8.6 per cent and were 40.0 per cent below the 10-year March average.
New listings for March were up 55.5 per cent from the previous year, while total listings rose by 52.1 per cent, ending the month at 812 homes for sale - 34.9 per cent above the 10-year March average.
For all property types, the March 2025 sales-to-active listing ratio was 20.9 per cent.
By property type, the sales-to-active listing ratios were: 21.8 per cent for detached houses, 24.4 per cent for townhomes, and 19.3 per cent for apartments.
By price range, the March ratios were:
| < $750,000: | 24.0% |
| $750k to $1M: | 23.5% |
| $1M - $1.5M: | 23.8% |
| $1.5M - $2M: | 15.3% |
| $2M - $2.5M: | 29.3% |
| $2.5M - $3M: | 13.2% |
| > $3M: | 10.1% |
In West Vancouver there were 111 sales for the first quarter of 2025, with 575 new listings.
Comparing March 2025 to March 2024, total reported sales were down 24.5 per cent and were 55.0 per cent below the 10-year March average.
New listings for March were up 6.9 per cent from the previous year, while total listings rose by 10.3 per cent, ending the month at 611 homes for sale - 12.0 per cent below the 10-year March average.
For all property types, the March 2025 sales-to-active listings ratio was 6.5 per cent.
By property type, the sales-to-active listing ratios were: 6.1 per cent for detached houses, 3.3 per cent for townhomes, and 8.5 per cent for apartments.
By price range, the March ratios were:
| < $1M: | 14.8% |
| $1M - $2M: | 8.8% |
| $2M - $3M: | 4.3% |
| $3M - $4M: | 6.8% |
| $4M-$5M: | 8.4% |
| $5M-$6M: | 6.4% |
| >$6M | 3.8% |
Sales.
Search all North and West Vancouver sales as soon as they are reported sold, along with our entire database of sold real estate listings:
North Vancouver Sales >> | West Vancouver Sales >>
Thinking of Buying or Selling? Our team of experienced agents would be pleased to meet with you to discuss the market and how it relates to your move. We can be reached at 604.983.2518, via the form on this page, or at our office 110 East 1st Street, North Vancouver.
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March 2025 Listing & Sales Stats
North Vancouver
| Mar - 25 | Mar - 24 | % Chg | |
| New Listings | 507 | 334 | +51.8 |
| Total Listings | 812 | 534 | +52.1 |
| Sales | 170 | 187 | -9.1 |
| Sales/Listings | 20.9% | 34% | - 38.2 |
| SP/Original LP | 98.5% | 99.1% | - 0.6 |
| Days on Market | 8 | 8 | -- |
| Median Sale Price | |||
| Condos | $805,000 | $827,500 | -2.7 |
| Townhomes | $1,385,000 | $1,420,900 | - 2.5 |
| Houses | $2,172,500 | $2,353,500 | -7.7 |
West Vancouver
| Mar - 25 | Mar - 24 | % Chg | |
| New Listings | 202 | 189 | +6.9 |
| Total Listings | 611 | 554 | +10.3 |
| Sales | 40 | 53 | -24.5 |
| Sales/Listings | 6.5% | 9.6% | -32.3 |
| SP/Original LP | 95.4% | 94.6% | +0.8 |
| Days on Market | 16 | 19 | -15.8 |
| Median Sale Price | |||
| Condos | -- * | -- * | n/a |
| Townhomes | -- ** | -- ** | n/a |
| Houses | $3,984,500 | $2,895,000 | +37.6 |
Note: Median sale prices not reported when there are less than 20 sales [**West Van condo sales: March 2025: 9 - March 2024: 14] [*West Van townhome sales: March 2025: 1 - March 2024: 1]
Active Listing Stats
As of March 18, 2025 at 12:25 PM
North Vancouver
There are 1,009 homes for sale in North Vancouver including houses, condos, townhomes, duplex listings, and lot listings.
West Vancouver
There are 702 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.