E#314 - May 2025 Vancouver Real Estate market update!

Welcome back and welcome to the May 2025 Vancouver real Estate Market numbers! Its a Buyers market out there and if you have patience your desired property WILL be available or coming soon by the looks of the inventory count we are seeing out here... Patience is key and Buyers have all the time and selection that they ever wanted right now. SOME segments of the market have more elevated activity than others and we are seeing multiple offers here and there. However for the most part, you as a buyer have time, selection and the power to negotiate on your side again. Sellers, you need to be priced sharply! If the comparables show your property as too high or priced just average, the market will pass you by. You need to be priced SHARP to the comparables to get the attention you desire. And yes, if you are a truly unique property you will still hold elevated attention, as usual... Does the mean record breaking numbers, most likely not. But that does mean offers will still come your way.... The Numbers: Greater Vancouver Residential Sales Total – 2,228 (-18.5%) Y/Y – 30.5% below 10yr average Detached: 654 (-22.7%) Y/Y Apartments: 1,087 (-18.8%) Y/Y Townhomes: 469 (-10.3%) Y/Y Metro Vancouver NEW LISTINGS MAY 2025 (ALL) – 6,620 (+3.9%) Y/Y +9.3% above 10yr average (6,055) TOTAL current MLS Listings (ALL) 17,094 (+25.7%) Y/Y +45.9% above 10yr average (11,718) RATIO: ALL: 13.4% - buyers Detached: 10.2% buyers Townhomes: 17.4% balanced Apartments: 14.7% balanced Home Price Index (Benchmark) ALL: $1,177,100 (-2.9%) Y/Y Detached: $1,997,400 (-3.2%) Y/Y Apartment: $757,300 (-2.4%) Y/Y Townhomes: $1,106,800 (-3.4%) Y/Y Month over Month Detached: High – Bowen Island +7% Low – East Burnaby -5.2% Townhomes: High – North Vanouver +2% Low – Pitt Meadows -2.5% Condos: High – West Vancouver +6.1% Low – South Burnaby – 2.9% For any questions regarding further details of the current market in YOUR specific area contact me direct today at 604-771-4606! ---- Jay McInnes 604-771-4606 jay@sharprealestategroup.ca ✅⬇️✅

You can listen to E#314 - May 2025 Vancouver Real Estate market update! online on Radio and Podcast. Open the player on this page to stream the available audio.

E#314 - May 2025 Vancouver Real Estate market update! is an episode from Vancouver Real Estate Audio Experience by The Sharp Real Estate Group.

This episode is 00:05:42 long.

This episode was published on Jun 4, 2025.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Vancouver Real Estate Audio Experience when more episodes are available from the podcast feed.