Insights

By property type in North Vancouver, sales of detached homes were down 45.7%, condos up 20.0% and townhomes down 11.5% from December 2024. In West Vancouver, sales of detached homes were down 36.0% and condos down 45.5% from December 2024. West Vancouver townhomes recorded 2 sales, compared with 0 in December 2024.

New listings totalled 110 in North Vancouver (up 8.9% from December 2024) and 59 in West Vancouver (down 21.3% from December 2024). Active listings at the end of December stood at 698 in North Vancouver (up 27.4% from December 2024 and 56.2% above the ten-year average for December) and 554 in West Vancouver (up 4.3% from December 2024 and 19.9% above the ten-year average for December).

The overall sales-to-active ratio in December was 17.6% in North Vancouver and 5.1% in West Vancouver. By property type, North Vancouver was 9.0% for detached homes, 24.1% for condos and 22.3% for townhomes; West Vancouver was 3.7% for detached homes, 7.3% for condos and 6.3% 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 27 days in North Vancouver (20 a year earlier), at 96.4% of the original asking price, and in 42 days in West Vancouver (35 a year earlier), at 94.2%.

MLS® Home Price Index benchmark prices in December, compared with December 2024: North Vancouver detached homes down 3.8%, condos down 2.8%, townhomes down 4.4%; West Vancouver detached homes down 6.6% and condos down 10.9%. Benchmark prices were lower than a year earlier in every segment for which a benchmark is published.