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May 2025 saw inventory levels across Metro Vancouver reach another ten-year high

May saw inventory levels across Metro Vancouver reach another ten-year high, while home sales registered on the MLS® remained muted.  

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206).  

“While there are emerging signs that sales activity might be turning a corner, sales in May were below the ten-year seasonal average, which suggests that some buyers are still sitting on the sidelines or are being especially selective,” said Andrew Lis, GVR’s director of economics and data analytics. “On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.”  

There were 6,620 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2025. This represents a 3.9 per cent increase compared to the 6,374 properties listed in May 2024. This was 9.3 per cent above the 10-year seasonal average (6,055).  

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,094, a 25.7 per cent increase compared to May 2024 (13,600). This is 45.9 per cent above the 10-year seasonal average (11,718).  

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2025 is 13.4 per cent. By property type, the ratio is 10.2 per cent for detached homes, 17.4 per cent for attached, and 14.7 per cent for apartments.  

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.  

“With some of the healthiest levels of inventory seen in years, many sellers are adjusting price expectations, which has provided buyers more negotiating room and kept a firm lid on price escalation over the past few months,” Lis said. “From a seasonal perspective, sales in the summer months are typically quieter than the spring, but with such an unusually slow spring, we may have an unusually busy summer with so many having delayed their purchasing decisions. Either way, the market continues tilting in favour of buyers, which bodes well for anyone looking to make a purchase this summer.”  

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,177,100. This represents a 2.9 per cent decrease over May 2024 and a 0.6 per cent decrease compared to April 2025.  

Sales of detached homes in May 2025 reached 654, a 22.7 per cent decrease from the 846 detached sales recorded in May 2024. The benchmark price for a detached home is $1,997,400. This represents a 3.2 per cent decrease from May 2024 and a 1.2 per cent decrease compared to April 2025.  

Sales of apartment homes reached 1,087 in May 2025, an 18.8 per cent decrease compared to the 1,338 sales in May 2024. The benchmark price of an apartment home is $757,300. This represents a 2.4 per cent decrease from May 2024 and a 0.7 per cent decrease compared to April 2025.  

Attached home sales in May 2025 totalled 469, a 10.3 per cent decrease compared to the 523 sales in May 2024. The benchmark price of a townhouse is $1,106,800. This represents a 3.4 per cent decrease from May 2024 and a 0.4 per cent increase compared to April 2025.

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How to Maximize Your Condo’s Value Before Listing

Condo Specialist North Vancouver – If you’re preparing to list your condo in today’s North Vancouver real estate market, you want to make sure it shines—and that you walk away with the best possible sale price. The right preparation can make a huge difference in both buyer interest and final offers.

What we’re going to cover:

We’ll walk through the key steps that can help you maximize your condo’s value before listing—so you know what to focus on and what really matters to buyers.

Why it matters:

In a competitive North & West Vancouver property listings market, well-prepared condos stand out. The better your presentation, the stronger your buyer interest and negotiating power.

Why it's important to you:

Whether you're aiming for top dollar, a quick sale, or both, these steps will help ensure your condo hits the market in its best possible light—so you can achieve your goals.

📌 Disclaimer: This is for informational purposes only and should not be considered real estate advice. Always verify information independently and consult with a qualified professional before making any real estate decisions.


Step 1 – Start with a Professional Home Sale Readiness Audit

Before you think about pricing or marketing, start with a Home Sale Readiness Audit. This professional assessment focuses on your condo’s current condition and identifies simple, high-impact improvements to help it stand out.

Why this matters:

  • Pinpoints any quick fixes or updates that could boost buyer appeal

  • Helps you avoid over-renovating or spending unnecessarily

  • Targets the elements that influence first impressions—which is where buyers form value judgments

The result: a clear plan to get your condo ready for the North Vancouver real estate market with confidence.

Book My 12 Point Home Readiness Audit


Step 2 – Get a Comparative Real Estate Market Analysis (CMA)

Once your condo is audit-ready, it’s time for a Comparative real estate market analysis (CMA). This gives you a true picture of what similar properties are selling for—and where your condo will fit in the current market.

Why this matters:

  • Pricing is everything—and smart pricing starts with a solid CMA

  • The North & West Vancouver property listings market is dynamic, and buyer expectations shift quickly

  • An accurate CMA helps you price competitively while protecting your value

Book My Sellers Consultation


Step 3 – Focus on High-Impact Improvements

Some updates offer excellent return on investment—others don’t. Focus on what today’s buyers notice most:

Fresh Paint & Neutral Tones

A simple paint refresh can make a condo feel brand new. Stick to neutral, modern colours.

Updated Lighting & Fixtures

Modern lighting, faucets, and hardware instantly elevate the space.

Minor Kitchen & Bathroom Touches

New cabinet handles, faucet updates, or a statement light fixture can dramatically improve buyer perception without major expense.


Step 4 – Declutter and Depersonalize

Less is more. Buyers want to envision their life in your space—not yours.

  • Clear surfaces

  • Remove excess furniture

  • Store personal photos and memorabilia

This helps buyers mentally move in—which leads to better offers.


Step 5 – Stage for the Target Market

Every neighbourhood and price point in North & West Vancouver has its own buyer profile. Your staging should match that profile.

A Condo Specialist North Vancouver can help tailor staging for:

  • Downsizers seeking turnkey luxury

  • First-time buyers valuing smart, modern finishes

  • Investors looking for rental-ready appeal


Step 6 – Maximize Curb Appeal (Yes, Even for Condos)

Buyers start forming opinions before they enter your unit. Make sure the approach is welcoming:

  • Clean entryway and door

  • If allowed, tasteful door mat or plant

  • Engage your strata if lobby or hallway updates are needed—you’d be surprised how much this matters


Step 7 – Professional Photography & Marketing

Online presentation is everything in today’s North Vancouver real estate market.

Professional photos, floorplans, and high-quality marketing bring:

  • More views

  • More showings

  • More offers

Buyers shop with their eyes first—and standout visuals give your condo an edge.


Final Tips: Is Now the Right Time to List?

With high inventory in many segments of North & West Vancouver property listings, presentation & price matter.

A Condo Specialist North Vancouver can:

  • Help you get the best possible results in today’s market.


Ready to Maximize Your Condo’s Value?

Click the button below to connect with Davis—to book a Home Sale Readiness Audit, request a free market analysis, or simply grab a coffee and ask a question.
Click here to connect with Davis


Want to know what buyers look for?
7 Things to Check in Strata Documents Before Buying a Condo



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#NorthVanRealEstate
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