February 2025

March 4, 2025

Home sales in both North and West Vancouver declined in February compared to the same time last year, marking a shift after January’s strong start. Despite the slowdown, new listings increased year-over-year, adding to overall inventory levels. 

Lower interest rates have helped improve affordability, which could support buyer activity in the months to come. Additionally, the potential for further rate cuts may provide even more relief for buyers. However, broader economic uncertainty - led by concerns over the impact of a trade dispute with the U.S. - may be adding some hesitation to the market, as buyers weigh long-term financial stability against improving borrowing conditions.

For sellers, the market remains inconsistent. While some homes are selling quickly in competitive price ranges, others are taking longer, making the selling process less predictable. This variability highlights the importance of thoughtful planning, strategic pricing, and working with an experienced team to navigate the market effectively. 

Buyers, meanwhile, are benefiting from increased selection, but shifting economic conditions could influence confidence and activity levels as the year progresses.

In North Vancouver home sales declined 5.6% compared to February 2024 and were 30.5% below the 10-year average. 

New listings increased by 2.4% year-over-year, while total inventory rose 26.9%, ending the month with 660 homes for sale - 16.0% above the 10-year average.

For all property types, the February 2025 sales-to-active listing ratio was 23.2 per cent.

By property type, the February ratios were: 21.0 per cent for detached houses, 20.4 per cent for townhomes, and 25.2 per cent for apartments.

By price range, the February ratios were:

In West Vancouver sales saw a more significant drop, down 25.9% from February 2024 and 48.7% below the 10-year average.

New listings increased by 5.5% year-over-year, while total inventory grew 5.9% to 573 homes - 6.7% above the 10-year average. 

For all property types, the February 2023 sales-to-active listing ratio was 7.0 per cent.

By property type, the February ratios were: 6.7 per cent for detached houses, 3.6 per cent for townhomes, and 7.3 per cent for apartments.

By price range, the February ratios were:

Sales. 

Search all North Shore 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 a move this year?  Our team of experienced agents would be pleased to meet with you to discuss the market and steps to prepare for buying or selling.  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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February 2025 Listing & Sales STATS 

North Vancouver 

West Vancouver 

Note: Median sale prices not reported when there are less than 20 sales  [**West Van condo sales: February 2025: 7 - February 2024: 12]  [*West Van townhome sales: February 2025: 1 - February 2024: 2]