North Vancouver Housing Market Forecast - What to Expect in 2025

At Andrew Way PREC, we know how important it is to understand the local housing market—especially if you're buying or selling a home in 2025. Whether you're looking for a home for sale in North Vancouver or browsing West Vancouver homes for sale, this year brings both challenges and opportunities.

Here’s a look at what’s happening in the North Vancouver real estate market, including trends for detached houses, townhomes, and condos.

Detached Homes: More Listings, More Choices

Detached homes are what many people think of when they imagine owning property in North Vancouver. These are full-size, single-family houses—ideal for growing families or anyone wanting more space.

In April 2025, sales of detached homes dropped by about 19% compared to last year. That might sound like bad news, but it actually means buyers have more room to negotiate. The average sale price was around $2.1 million, which is about 5% lower than it was in 2024.

Homes are also staying on the market longer. In 2024, homes sold in just a few days. Now, it’s taking closer to 11 days, which gives buyers more time to make decisions and schedule showings.

Townhouses: Steady and Affordable

Townhouses offer a nice middle ground between condos and detached homes. They’re great for people who want more space than a condo but can’t stretch their budget for a full house.

North Vancouver’s townhouse market is holding steady. The average price is about $1.36 million, which is down slightly (5.7%) from last year. Still, this price point is more affordable for many families and young professionals.

Townhouses are selling at a balanced pace, with roughly 17% of listings selling in April. This means the market isn’t too hot or too cold—it’s just right for both buyers and sellers.

Condos: Entry-Level Homes with Strong Demand

Condos remain a popular choice in North Vancouver, especially for first-time buyers or those looking to downsize. In 2025, the condo market is still active, with a sales-to-listing ratio of 21%, showing that demand is strong.

The average condo price is around $809,000, a small drop of just 0.4% from last year. That’s good news for buyers looking to get into the market without overpaying.

Condos are taking a bit longer to sell—about 30 days on average. But with more options available, buyers can find something that fits their needs without feeling rushed.

What’s Fueling the Market Changes?

One of the biggest changes in 2025 is the increase in homes for sale. North Vancouver saw about 4.7% more new listings this April than last year, and total listings are up by over 38%.

This increase in inventory means more choices for buyers and less competition. If you’ve been waiting to enter the market, now could be your chance.

In West Vancouver, similar trends are happening—but they’re a bit more dramatic. Detached home sales dropped by nearly 46%, and prices have come down over 20% from last year. So, if you're exploring West Vancouver realty, now might be a great time to look into homes that were once out of reach.

What Buyers and Sellers Should Do Now

If you're a buyer, 2025 could be your window of opportunity. With more listings, you’ll have greater selection and possibly some negotiation power. Be sure to get pre-approved for a mortgage and work with a local expert who understands the market.

If you're a seller, pricing your home right is more important than ever. Homes that are well-priced and well-presented are still selling, especially in desirable neighborhoods. At Andrew Way PREC, we help you make smart choices that lead to great results.

Work With a Local Real Estate Expert

Whether you're looking at North Vancouver realty or interested in West Vancouver homes for sale, working with a trusted advisor is key. At Andrew Way PREC, we bring years of experience and local knowledge to every transaction.