VANCOUVER WEST JULY HOUSE MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release cautiously answers ‘yes’ to the question: will the signs of recovery seen in June continue into July? Last month Buyers, taking comfort in more certainty from the steady Bank of Canada rate, continue winnowing away at the healthy inventory that has built up. There is now a balancing trend in the Metro Vancouver market but continued accelerated buying could turn things more favourably for Sellers. Year to year newly listed properties are up 0.8 percent while last month’s total inventory is 19.8 percent higher than July 2024. This July recorded a two percent decrease in residential sales compared to last July while the composite value of all properties is 2.7 percent lower July to July.
The graph shows a 0.3 percent dip from June to July for the average price of Metro Vancouver detached properties. The benchmark price for houses in July 2025 is 3.6 percent below the previous July. Year to year the volume of detached home sales drops 4.1 percent.
Last month versus July 2024, Vancouver west detached prices are down 5.6 percent. West side house sales decline 7.4 percent year to year. Inventory falls 15.9 percent this July compared to the previous July.
From June to July west side house sales are 8.8 percent lower. Month to month detached inventory is down 19.4 percent.