Greater Vancouver Real Estate Market Insights: January 2025

The Greater Vancouver real estate market kicked off 2025 with a surge in seller activity, as homeowners eagerly listed their properties to start the new year. According to the latest data from the Greater Vancouver REALTORS® (GVR), the region saw a significant increase in new listings, while sales continued to outpace figures from the previous year. Here’s a detailed breakdown of the key trends and insights from January 2025.

Key Highlights

1. New Listings Surge

   • 5,566 new properties were listed on the MLS® in January 2025, marking a 46.9% year-over-year increase compared to January 2024.

   • This is also 31.1% above the 10-year seasonal average for new listings.

   • The total inventory of properties listed for sale reached 11,494, a 33.1% increase from January 2024.

2. Residential Sales Growth

   • Residential sales in January 2025 totaled 1,552, an 8.8% increase from January 2024.

   • However, sales were 11.3% below the 10-year seasonal average, indicating a market that is still finding its footing after the fluctuations of 2024.

3. Market Balance

   • The sales-to-active listings ratio for January 2025 stood at 14.1%, indicating a balanced market.

   • By property type, the ratios were:

     • Detached homes: 9.2%

     • Attached homes: 18.5%

     • Apartments: 16.5%

   • Historically, a ratio below 12% suggests downward pressure on prices, while a ratio above 20% indicates upward pressure.

4. Price Trends

   • The MLS® Home Price Index (HPI) composite benchmark price for all residential properties in Metro Vancouver reached $1,173,000, a 0.5% increase from January 2024.

   • Detached homes: The benchmark price rose to $2,005,400, a 3.1% year-over-year increase.

   • Apartments: The benchmark price dipped slightly to $748,100, a 1.7% decrease from January 2024.

   • Attached homes: The benchmark price increased to $1,105,600, up 2.7% year-over-year.

Property Type Breakdown

• Detached Homes: Sales increased by 0.3% year-over-year, with the benchmark price rising to $2,005,400.

• Apartments: Sales surged by 13.4%, but prices saw a slight decline, with the benchmark price at $748,100.

• Attached Homes: Sales grew by 12.6%, with the benchmark price reaching $1,105,600.

Economic Factors and Forecast

• Andrew Lis, GVR’s director of economics and data analytics, noted that while buyer demand had been gaining momentum in late 2024, the start of 2025 has seen a shift toward seller activity.

• The market is expected to experience moderate price growth by the end of 2025, but external economic factors, such as potential U.S. tariffs on Canada, could impact this forecast.

• The duration and severity of these economic shocks will play a significant role in shaping the housing market in the coming months.

Year-Over-Year Comparison

• Listings: Total listings in January 2025 were 33.1% higher than in January 2024.

• Sales: Residential sales increased by 8.8% compared to the same period last year.

• Prices: While detached and attached homes saw price increases, apartments experienced a slight decline, reflecting shifting buyer preferences and market dynamics.

Conclusion

The Greater Vancouver real estate market is off to an active start in 2025, with sellers taking advantage of favorable conditions to list their properties. While buyer demand remains steady, the market is currently balanced, with moderate price growth expected in the coming months. However, external economic factors, such as potential U.S. tariffs, could introduce uncertainty.

For those considering buying or selling in the Greater Vancouver area, now is a good time to connect with me your local REALTOR® to navigate the evolving market landscape.

Whether you’re buying, selling, or investing, I’m here to make your journey seamless and successful. Let’s make your real estate goals a reality!

Your Next Step Starts Here—Contact Me Today! 📞 🔑 💼

Tara Kennedy

REALTOR® ABR, RENE, SRS

🏘️ Tara Kennedy Real Estate

☎️ 236-992-8989

🌐TaraKennedy.ca

📧 TaraKennedySells@gmail.com

Always Putting Your Best Interest First! 🌟

The Greater Vancouver real estate market is off to an active start in 2025! 🏡 Thank you for checking out my latest blog post for a deep dive into January’s market insights, including new listings, sales trends, and price changes. Perfect for buyers, sellers, and investors! 🌟 #RealEstateMarket #TriCitiesRealEstate #MarketInsights #RoyalLePageEliteWest #TaraKennedyRealtor #2025MarketTrends #HomePrices #CoquitlamRealEstate #PortMoodyHomes #RealEstateUpdate #PortCoquitlamRealtor