vancouver region DETACHED - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.5% VS 2024
▲ 36% VS 2024
▼ 0.6% VS 2024
▼ 23% VS 2024
There were 7,838 detached listings in the Vancouver Region in February, 9% above January and 36% higher than February 2024. February detached home sales increased by 20% month-over-month, to 758, and were 23% below February 2024. The sales-to-listing ratio for detached in the Vancouver Region, at 10%, re)ected a buyers' market. The detached median price in February was $1,650,000, a 1.5% decrease from January and 0.6% below February 2024. The average sold price was $1,950,212, 1.2% above last month and up 1.5% to February 2024.
THIS MONTH No. $1,950,212 $1,650,000 10% 758 7,838
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,921,103 $1,660,000 17% 981 5,752
1.5% -0.6% -43% -23% 36%
$1,927,984 $1,675,000 9% 634 7,171
1.2% -1.5% 9% 20% 9%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
9,274
9,255
9,757
9,065
8,563
8,462
9,209
7,826
7,838
1.79
1.76
1.76
7,171
7,077
6,462
5,752
1.47
1.45
1.43
1,385
1,289
1,205
1,085
1,055
893
852
832
634
981
758
1,153
1,100
$1.66M $1.69M $1.73M $1.72M $1.70M $1.70M $1.65M $1.68M $1.65M $1.64M $1.70M $1.68M $1.65M
24-Feb
25-Jan
25-Feb
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
2,000
1,500
1,000
500
17%
17%
16%
11%
8%
7%
6%
4%
4%
1%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
325 54 17%
471 81 17%
1,010 162 16%
1,911 215 11%
1,117 92 8%
884 64 7%
932 55 6%
463 20 4%
240 9 4%
485 6 1%
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 5 ●
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