If you own a condo in North Vancouver and have been considering selling, you might be wondering: Is now the right time? The real estate market has been shifting, and with mortgage rates stabilizing and buyer activity increasing, 2025 is shaping up to be an interesting year for sellers. Let’s take a look at what’s happening in the North Vancouver condo market and whether now is a good time to list your property.
1. Buyer Activity Is on the Rise
After a period of hesitation due to higher mortgage rates, buyers are returning to the market. According to recent data, home sales in Metro Vancouver surged over 30% in December 2024 compared to the previous year, signaling renewed momentum. With interest rates expected to continue easing, more buyers will be looking to secure a property before prices rise.
2. Condo Prices Remain Strong
The MLS® Home Price Index for Metro Vancouver shows that condo prices have remained relatively stable, even with market fluctuations. While overall sales volume was below the 10-year average last year, North Vancouver remains one of the most desirable areas for condo buyers.
How Does This Benefit Sellers?
Stable prices mean less risk of underpricing your condo.
Increased buyer demand creates more competition among buyers.
If you list now, you could sell before inventory levels increase.
3. North Vancouver’s Desirability Continues to Grow
North Vancouver remains a top choice for condo buyers due to:
✅ Proximity to downtown Vancouver
✅ Access to world-class outdoor amenities and parks
✅ Strong sense of community and urban convenience
✅ Limited condo inventory keeping demand high
What Types of Condos Are in Demand?
Move-in ready condos with updated kitchens & bathrooms
Well-managed strata buildings with strong financials
4. Market Trends Favor Serious Sellers
Buyers today are well-informed and selective. They want modern, well-maintained condos with updated finishes and strong strata financials. If your condo is in great condition and priced competitively, it could sell quickly.
What to Expect in the 2025 Market
More buyers entering the market as interest rates decline
Potential price increases in the next few months
Growing competition from other sellers waiting to list
So, Should You Sell Now?
✅ If you want to take advantage of increased buyer activity, now is a good time to list.
✅ If you have an updated, well-maintained condo, you could attract multiple offers.
✅ If interest rates continue to drop, the market could see further price increases—but also more competition from other sellers.
If you’re thinking about selling, having the right strategy is key. Pricing your condo correctly, staging it effectively, and marketing it to the right buyers will make all the difference.
Next Steps: Let’s Talk!
Selling a condo in North Vancouver requires a smart approach. If you want to know what your condo is worth in today’s market and how to maximize your sale, let’s connect for a personalized consultation.
Thinking of buying or selling in North or West Vancouver? Let’s connect!
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.