Downtown Vancouver Condo Market Statistics

Inventory down, sales up, median price up!  

Easing prices brought more Metro Vancouver homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year. 

The Greater Vancouver Realtors (the Real Estate Board) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9% increase from the 1,904 sales recorded in August 2024.  

“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached segments are up over 10% from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”  

“Prices have eased around 2% since the start of the year and are down about 1% month over month in August, signalling that sellers have been willing to lower price expectations,” Lis said. “As sellers’ and buyers’ expectations have become more aligned, transaction volume has picked up. Newly listed properties remain in line with their ten-year seasonal average however, which when paired with increasing sales activity, is likely to diminish the available inventory. This also means the window of plentiful opportunity for buyers may soon begin closing if these trends continue.” 

Focusing on the Downtown Vancouver condo market in August 2025, despite it being a buyer’s market, the inventory is dropping and sales are stronger than last August. 

The under $900,000 market is selling at 14%, 73 out of 534 homes are selling, down 2% from last month. 

The $900,000 to $1,000,000 market is selling at 7%, 6 out of 83 homes are selling, up 1% from last month. 

The $1,000,000 to $1,250,000 market is selling at 10%, 12 out of 119 homes are selling, down 3% from last month. 

The $1,250,000 to $2,000,000 market is selling at 11%, 25 out of 223 homes are selling, up 4% from last month. 

The $2,000,000 to $2,500,000 market is selling at 12%, 9 out of 78 homes are selling, up 3% from last month. 

The $2,500,000 to $3,000,000 market is selling at 4%, 2 out of 48 homes are selling, up 4% from last month. 

The $3,000,000 to $5,000,000 market is selling at 9%, 5 out of 54 homes are selling, up 5% from last month.

The $5,000,000 plus market is selling at 5%, 2 out of 43 homes are selling, up 5% from last month.

Total unit sales in Downtown Vancouver were down 7% from last month but up 5% from August 2024. 

Those who are priced correctly for this market are selling on average at a rate of 41 days which is 17% slower than last month.

The median price increased 6% from last month, and the median price has decreased 11% from August 2024. 

The average price per square foot decreased from $997 in July to $992 in August.

Our Downtown Vancouver inventory decreased by 8% from last month with 1155 active listings which is up 3% from August 2024.  

The sellers’ best bets are 1 bedroom condos in Yaletown. And the buyers’ best bets are units priced between $2 to $2.5 million in Coal Harbour. 

I hope you find this helpful, but should you have any questions please don’t hesitate to ask.

My best,

Ian

      Monthly Market Statistics Report