Greetings!

Highlights

• June sales demand in Metro Vancouver is almost 12.4% below the ten year average.
• Supply in Metro Vancouver is up over 30% above the ten year average.
• Prices are down in all segments compared to June 2025.
• Westside remains a buyers’ market overall.
• Westside supply is 5% above the ten year average.
• Demand is 6% below the ten year average but up 10% over last year.
• Strategic pricing is critical for sellers as buyers are very price sensitive.

Market Snapshot

Westside, 10 year average sales are down 6% for detached homes and 19% for apartments while townhomes are up 19% from the 10 year average.

Westside supply is higher across all segments, up 5% for detached, 14% for apartments, and 59% for townhomes.

Year over year, Westside detached sales increased to 74 (up 10%), apartments declined to 269 (down 4%), and attached homes increased slightly to 70 (up 1.4%).

Pricing

Detached average price is $3.343M, down 30% from the 2023 peak.

Attached homes average $1.745M, down 7% from the 2024 peak.

Apartments average $951K, down 21% from the 2018 peak.

Market Balance

The sales to active listings ratio shows:

•  Detached at 10% (buyers’ market)
•  Attached at 14.4% (balanced market)
• Apartments at 15.2% (balanced market)

 The Sales to Active Listings ratio (SALR) is a key indicator of market balance and it helps determine whether the market favours Buyers or Sellers. The range between 12% and 20% is considered a balanced market and prices are sustained.

Downward pressure on home prices occurs when the SAL ratio dips below 12% for a period of time. Upward pressure on home prices occurs when the ratio trends up and particularly when it surpasses 20% over several months.

Currently the SAL ratio for westside detached homes is 10% allowing prices to decline. The SAL ratio for attached homes is rising at 14%, barely sustaining prices and the SAL ratio for apartments is level at 15%, balanced market territory, which is allowing prices to recover slightly.

Outlook

Westside detached homes continue to offer solid value. Buyers are competing for updated homes in move in condition. Demand is flat in June while prices remain low, suggesting good value and an opportunity for buyers.

Apartment supply is down, but demand is down as well, keeping prices from running up. Fewer new strata projects are coming to market as incentives favour rental construction. This should increase rental supply, though rents may need to adjust to attract tenants. Limited for sale inventory is helping support pricing on lower sales volumes.

Westside Townhouse supply is up 10% over last year and 30% over June 2024 but demand is up as well which is keeping prices steady. Many attractive half duplex and Multi development units are now on the market giving buyers more options.

Affordability remains a key driver. Buyers are focused on well priced homes that offer real value, with less emphasis on speculation. Builders are buying land value properties for conversion to new multi, duplex and single family homes with suites & laneway homes. Sellers who need to move are adjusting pricing to meet the market and selling within 3 weeks.

Buyer Takeaways

• This is still a buyers' market and a good opportunity to get into the market or to move up. We expect the market to remain steady and to possibly slow a bit into the summer.

Seller Takeaways

• Be the best value in your category
• Price strategically from the start
• Prepare the home properly: address repairs, declutter and clean, clean, clean!

Thinking of Buying or Selling? Let’s Talk!

📞 Call me today to discuss your options and make the most of the upcoming selling season.

Happy Belated Canada Day! 🇨🇦

Best regards

Stuart ⛳ 🎾

Detailed information on the Westside detached homes market in June. Here's a summary of the key points:

• Supply:
• In June, the supply of Westside detached homes increased 2.4% compared to May, with a total of 738 homes available, up from 721.
• This is down 6.6% compared to June 2025 when there were 790 homes on the market.
• Demand:
• Sales of Westside detached homes in June were up 2.6% from May, with 74 homes sold.
• Sales were up 10.4% compared to June 2025, which had 67 sales.
• The number of sales remains 6% lower than the ten-year average of 79 sales.
• Sales to Active Listings Ratio (SAL):
• The SAL in June decreased by 5% from the previous month, with a current SAL of 10% compared to 10.5% in Mayl.
• This is an increase of 18% from the SAL of 8.5% in June 2025.
• An SAL between 12% to 20% is typically considered a balanced market, where prices tend to remain relatively stable.
• Pricing:
• The average detached home price in June decreased 30% and median decreased 27% from August 2023's peak.
• The average price is $3.343 million, and the median price is $3.075 million.
• Current prices are relatively unchanged on average and up 8.7% on median from last month.
• High and Low Sale Prices:
• Westside detached home sales in June ranged from a low of $1.73million to a high of $10.88 million. The most expensive property took 557 days to sell, while the least expensive took 16 days.
• Of the 74 homes sold, only 14 sold at or above their asking price, indicating a buyer's market.

These statistics provide a comprehensive overview of the Westside detached homes market in June shedding light on changes in supply, demand, pricing, and notable sale prices.

Detailed information on the Westside apartment market in June. Here's a summary of the key points:

• Supply:
• In June, the supply of Westside apartments was relatively unchanged compared to May, with a total of 1,771 apartments available for sale.
• This number is down by 17% from June 2025.
• Demand:
• Demand for Westside apartments was relatively unchanged in June with 269 sales compared to 272 in May.
• The number of sales in June was down 4.3% from the same month last year, which had 281 sales.
• Apartment sales are down 19% from the ten-year average of 334 sales.
• Sales to Active Listings (SAL):
• The SAL in June decreased slightly compared to May, to 15.2%.
• This is an increase of 15% from the SAL of 13.2% in June 2025.
• An SAL between 12% to 20% is typically considered a balanced market, where prices tend to remain relatively stable.
• Prices:
• The average price of Westside apartments in June was down 4.5% from May, with the average price at $951K v $996K.
• It was down 1.3% from June 2025.
• The median price was down 1.4% at $820K and is up 2.5% from June 2025.
• Average prices are down 21% below the peak of $1,199,000 in January 2018, and median prices are 7.7% below the peak of June 2024.

These statistics provide a comprehensive picture of the Westside apartment market in June, highlighting changes in supply, demand, pricing, and their respective trends over time.

Detailed information on the Westside townhouse market in June. Here's a summary of the key points:

• Supply:
• In June, the supply of Westside townhouses decreased 1.6% compared to May, with a total of 487 townhouses available for sale.
• The supply was up 10% from June 2025, which had 442 townhouses on the market.
• Demand:
• The demand for townhouses in June increased 11% from last month with 70 sales.
• The number of sales in June increased slightly from the same month last year, which had 69 sales.
• Attached home sales are 19% above the ten-year average of 59 sales.
• Sales to Active Listings (SAL):
• With an decrease in supply and an increase in demand since last month, the current SAL for townhouses increased by 13%, to 14.4%
• This is 8% lower than the SAL of 15.6% in June 2025.
• An SAL between 12% to 20% is typically considered a balanced market, where prices tend to remain relatively stable.
• Prices:
• The average price of townhouses in June was $1.745 million, up 3.4% from May at $1.687 million.
• It was up 9.6% from June 2025 when the average price was $1.592 million.
• The median price in June was $1.547 million, down 4% from Mayl ($1.61 million), and up 3.2% from June 2025.
• Average prices for townhouses are down 7.4% from its peak. Median prices down 16.6% from its peak. The average peak of $1.885 million in Dec 2024, and the median peak of $1.855 million in Dec 2024.

These statistics provide a comprehensive overview of the Westside townhouse market in June, indicating changes in supply, demand, pricing, and their respective trends over time.