Insights
North Shore Market Report
Q4 [Oct–Dec] 2025
Year-end sales ease, giving North Vancouver buyers more choice
North Vancouver recorded 471 sales in the fourth quarter, down 12.1% from Q4 2024 and 20.7% below the ten-year average for the quarter. West Vancouver recorded 139 sales in the fourth quarter, down 1.4% from Q4 2024 and 22.0% below the ten-year average for the quarter.
The quarter at a glance
Total Sales
471
down12.1%vs Q4 2024
New Listings
817
down1.4%vs Q4 2024
Total Listings
698
up27.4%vs Dec 2024
December snapshot
December 2025 compared with December 2024.
Sales
123was 138
down10.9%
New Listings
110was 101
up8.9%
Total Listings
698was 548
up27.4%
Sales / Listings
17.6%was 25.2%
down30.2%
Sale Price / Original List
96.4%was 97.5%
down1.1%
Days on Market
27was 20
up35.0%
MLS® HPI benchmark price
Houses
$2,041,600was $2,121,600
down3.8%
Condos
$775,500was $798,000
down2.8%
Townhomes
$1,257,600was $1,314,800
down4.4%
- December sales vs the 10-year average
- 21.2% below
- Inventory vs the 10-year average
- 56.2% above
Where buyers are active
The sales-to-active-listings ratio shows how much of the available inventory sold in December. Across all property types in North Vancouver it was 17.6%.
By property type
- Detached houses9.0%
- Townhomes22.3%
- Apartments24.1%
Our read on the market
By property type in North Vancouver, sales of detached homes were down 9.7%, condos down 12.2% and townhomes down 13.3% from Q4 2024. In West Vancouver, sales of detached homes were up 7.0% and condos down 7.1% from Q4 2024. West Vancouver townhomes recorded 4 sales, compared with 8 in Q4 2024.
New listings totalled 817 in North Vancouver (down 1.4% from Q4 2024) and 394 in West Vancouver (down 2.0% from Q4 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.
Planning a move?
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Disclaimer: Historical sales, listings, and price data is from the Real Estate Board of Greater Vancouver as of the date published. Days on Market and Average Sale Prices are calculated as Medians. Note: Active Listing Statistics are based on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.