Insights

By property type in North Vancouver, sales of detached homes were up 4.1%, condos down 27.4% and townhomes down 8.3% from October 2024. In West Vancouver, sales of detached homes were up 40.0% and condos down 25.0% from October 2024. West Vancouver townhomes recorded 1 sales, compared with 6 in October 2024.

New listings totalled 422 in North Vancouver (down 10.4% from October 2024) and 220 in West Vancouver (up 5.8% from October 2024). Active listings at the end of October stood at 1,078 in North Vancouver (up 21.0% from October 2024 and 48.1% above the ten-year average for October) and 775 in West Vancouver (up 7.5% from October 2024 and 19.8% above the ten-year average for October).

The overall sales-to-active ratio in October was 17.7% in North Vancouver and 7.5% in West Vancouver. By property type, North Vancouver was 18.8% for detached homes, 15.9% for condos and 21.0% for townhomes; West Vancouver was 7.0% for detached homes, 12.5% for condos and 2.4% for townhomes. A ratio below 12% is often associated with downward pressure on prices, and one above 20% with upward pressure. The median home sold in 15 days in North Vancouver (14 a year earlier), at 96.6% of the original asking price, and in 25 days in West Vancouver (24 a year earlier), at 93.3%.

MLS® Home Price Index benchmark prices in October, compared with October 2024: North Vancouver detached homes down 0.9%, condos down 1.0%, townhomes down 5.4%; West Vancouver detached homes down 3.9% and condos down 10.6%. Benchmark prices were lower than a year earlier in every segment for which a benchmark is published.