vancouver region CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.6% VS 2024
▲ 47% VS 2024
▼ 2% VS 2024
▼ 17% VS 2024
There were 8,019 condo listings in the Vancouver Region in February, 13% above January and 47% higher than February 2024. February condo sales increased by 13% month-over-month, to 1,259, and were 17% below February 2024. The sales-to-listing ratio for condos in the Vancouver Region, at 16%, re)ected a balanced market. The condo median price in February was $654,000, a 1.7% decrease from January and 0.6% above February 2024. The average sold price was $735,678, 0.8% below last month; the average PSF sale price was $862, up 1.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
1,259 8,019
1,517 5,458
0.6% -44% -17% 47%
1,113 7,126
13% 13%
$862 $735,678 $654,000 16%
$882 $751,995 $650,000 28%
$853 $741,243 $665,000 16%
1.2% -0.8% -1.7% 0.5%
-2% -2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
8,251
8,524
7,960
7,736
8,731
8,019
7,106
8,004
8,000
7,126
6,585
6,039
5,458
1,877
1,782
1,795
1,567
1,517
1,259
1,618
1,645
1,455
1,336
1,237
1,207
1,113
$678K
$672K
$671K
$673K
$658K
$665K
$650K
$655K
$655K
$650K
$650K
$654K
$644K
Vancouver Region
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
2,500
50 2
4+ bdrms
2,000
71
1,500
3 bdrms
715
1,000
707
19% 18%
2 bdrms
14% 13%
500
4,387
9%
8%
6%
3%
0
479
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
2,456 471 19%
2,510 440 18%
1,363 197 14%
614 78 13%
397 31 8%
341 30 9%
108 6 6%
230 6 3%
2,867
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. 7 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online