VANCOUVER WEST APRIL HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points out that even with stable prices, favourable interest rates and an abundant selection, home buyers remained shy last month, probably due to uncertainty brought on not only by a Federal election but especially because of hyper-erratic American trade policies. Even though year to year newly listed properties are down 3.4 percent, last month’s total inventory is 29.7 percent higher than April 2024. Meantime this April recorded a 23.6 percent decrease in residential sales compared to last April. The composite value of all properties is 1.8 percent lower April to April.
The graph shows a drop of 6.5 percent from March to April for the average price of Metro Vancouver detached properties. The benchmark price for houses in April 2025 is 0.7 percent below the previous April. Year to year the volume of detached home sales goes down 29 percent.
Last month versus April 2024, Vancouver west detached prices dip 2.5 percent. West side house sales fall 42.2 percent year to year. Inventory declines 0.8 percent this April compared to the previous April.
From March to April west side house sales are at par. Month to month detached inventory is up by 27.5 percent.