VANCOUVER WEST JUNE APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release implies that Buyers should not wait much longer to take advantage of the current high inventory, low interest rates and stable prices as there is now cautious optimism for Greater Vancouver Real Estate. While most segments of the market remain in balance and thus moderating prices, last month’s sales declined by half of the drop seen in May, which means inventory levels are escalating less. This is perceived as an emerging sign of recovery. Year to year newly listed properties are up 10.3 percent while last month’s total inventory is 23.8 percent higher than June 2024. This June recorded a 9.8 percent decrease in residential sales compared to last June while the composite value of all properties is 2.8 percent lower June to June.
The graph shows a 2.4 percent decline from May to June for the average condominium sale price in Metro Vancouver. This June compared to last June, the overall benchmark price of an apartment is down 3.2 percent. Year to year condo sales volume drops 16.5 percent.
June 2025 versus the previous June, the benchmark price for west side condos is three percent lower. Vancouver west apartment sales drop 14.4 percent June to June. Year to year west side apartment inventory increases 4.6 percent.
From May to June, Vancouver west apartment sales are down 3.4 percent. Month to month west side condo inventory declines 0.9 percent.