THE STILHAVN REPORT
A BRIEF UPDATE ON THE LATEST SALES, LISTINGS, AND MEDIAN SALE PRICE ACTIVITY
Unlike most brokerages, Stilhavn’s agents are selected based on a strict performance and ethics criterion. We’re not striving to be the biggest, just the best.
We continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo.
When you become a client with Stilhavn you become a client for life, and it’s our privilege to serve not only our local Lower Mainland markets, but further corners within the beautiful Okanagan.
We keep our finger on the pulse, we collaborate extensively across our teams and we are committed to providing an elevated experience when it comes to your next buying or selling journey.
Together, we’re here to help you #FindYourHavn.
THE MARKET
July in Metro Vancouver arrives at the height of the summer season, reflecting the balance of peak summer living and measured market activity. Long daylight hours, warm temperatures, and active community gatherings set the backdrop, while the real estate market holds steady. Healthy inventory levels, improving buyer confidence, and emerging pricing stability point to continued resilience. While many step back for seasonal routines, opportunities remain for those engaged in the market—where welltimed decisions can create an advantage ahead of the fall. The encouraging shifts first noted in June have not only persisted but strengthened, carrying forward the momentum as the summer season reaches its midpoint.
Now past the midpoint of the year, home sales registered on the MLS® across Metro Vancouver* in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year – signaling a market steadily regaining its footing.
“The June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend. Although the Bank of Canada held the policy rate steady in July, this decision could help bolster sales activity by providing more certainty surrounding borrowing costs at a time where economic uncertainty lingers due to ongoing trade negotiations with the USA,” said Andrew Lis, Greater Vancouver REALTORS’ director of economics and data analytics.
JULY MARKET HIGHLIGHTS
RESIDENTIAL SALES
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).
INVENTORY + HOME PRICE DATA ANALYSIS
There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,168, a 19.8 per cent increase compared to July 2024 (14,326). This is 40.2 per cent above the 10-year seasonal average (12,249).
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months
METRO VANCOUVER HOME SALES BY PROPERTY TYPE
Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.
Detached Homes
Sales of detached homes in July 2025 reached 660, a 4.1 per cent decrease from the 688 detached sales recorded in July 2024. The benchmark price for a detached home is $1,974,400. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.
Apartment Homes
Sales of apartment homes reached 1,158 in July 2025, a 2.9 per cent decrease compared to the 1,192 sales in July 2024. The benchmark price of an apartment home is $743,700. This represents a 3.2 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.
Attached Homes
Attached home sales in July 2025 totalled 459, a five per cent increase compared to the 437 sales in July 2024. The benchmark price of a townhouse is $1,099,200. This represents a 2.3 per cent decrease from July 2024 and a 0.4 per cent decrease compared to June 2025.
1 Areas covered by Greater
2 On February 12, 2024, The Real Estate Board of Greater Vancouver changed its organizational name to the Greater Vancouver REALTORS®.
3 The national MLS® Home Price Index (MLS® HPI) operations group underwent an annual review of the model in May in-line with statistical best practices. The attributes and neighbourhoods within the model were updated based on sales data to more accurately reflect current market conditions. To ensure the MLS® HPI coverage is consistent and comparable, historical aggregate and composite data has been recalculated.
Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
METRO VANCOUVER
METRO VANCOUVER
$200,000
$2,000,000
METRO VANCOUVER
$2,000,000
METRO VANCOUVER
Condo
METRO VANCOUVER
Metro Vancouver REALTOR® Report
July
MLS®
$2,000,000
$1,500,000
$1,000,000
$359,300$397,400$425,600$402,300$448,800$468,000$465,200$462,900$484,800$525,500
$287,300$320,100$335,400$320,600$344,500$361,900$358,600$362,700$369,700$398,200
$2,500,000 01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
$1,995,500$2,007,800$2,049,000$1,974,400
Price Per Square Foot
RICHMOND
RICHMOND
RICHMOND
Condo Report – July 2025
Richmond REALTOR® Report
July 2025
MLS® HPI Benchmark Price
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$348,400$381,400$413,200$398,000$459,100$496,600$483,000$482,900$498,400$540,600
$238,200$259,800$276,100$271,900$302,400$322,800$316,700$324,300$325,300$343,900$402,700
$0
$2,138,800$2,184,500$2,194,100$2,087,000
$1,150,600$1,159,700$1,093,800
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Price Per Square Foot
LADNER
LADNER
$3,000,000
$3,000,000
$2,000,000
$1,446,000$1,441,500$1,398,800$1,417,800
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
TSAWWASSEN
TSAWWASSEN
$200,000
$100,000
$2,000,000
$2,000,000
TSAWWASSEN
Tsawwassen
$258,400$294,500$317,900$299,300$333,700$333,800$332,900$315,100$312,800$336,200
$1,602,200$1,563,700$1,611,700$1,535,800
VANCOUVER WEST
VANCOUVER WEST
VANCOUVER WEST
VANCOUVER WEST
Vancouver - West
REALTOR® Report
VANCOUVER WEST
Vancouver - West
VANCOUVER WEST
Vancouver - West
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$3,363,500$3,421,400$3,455,800$3,509,900$3,311,800 $349,200$385,700$393,800$388,300$413,900$434,600$427,800$437,500$447,000$494,500
$0
$542,200$609,600$661,700$608,900$675,400$702,400$731,200$724,000$787,400$833,100 $1,095,800$1,238,400$1,261,300$1,164,700$1,186,700$1,320,900$1,412,000$1,459,300$1,444,700$1,417,400
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Average Price Per Square Foot
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
VANCOUVER EAST
VANCOUVER EAST
VANCOUVER EAST
VANCOUVER EAST
Vancouver - East
Condo Report – July 2025
$2,000,000
VANCOUVER EAST
VANCOUVER EAST
Vancouver - East
$1,133,700$1,126,600$1,145,300$1,117,900 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Average Price Per Square Foot
BURNABY NORTH
BURNABY NORTH
Burnab y North
$200,000
$3,000,000
Burnab y North
BURNABY NORTH
$100,000
$2,000,000
Burnab y North
BURNABY NORTH
$2,000,000
BURNABY NORTH
Burnab y North
$2,000,000
$1,500,000
$314,400$348,600$366,000$349,800$392,400$392,800$392,600$389,400$412,700$436,800
$260,100$289,100$302,900$290,000$322,000$334,600$343,900$339,500$346,700$363,800
$2,165,800$2,130,000
$933,900$909,500$952,800$936,600
BURNABY SOUTH
BURNABY SOUTH
BURNABY SOUTH
$100,000
$200,000
$3,000,000
$2,000,000
$3,000,000
BURNABY SOUTH
Burnab y South
BURNABY SOUTH
$2,500,000
$2,000,000
$1,500,000
$500,000 $1,000,000
$347,300$379,100$403,800$394,100$448,900$453,300$449,600$446,800$485,400$504,000
$280,500$316,100$338,800$316,500$347,800$366,200$369,000$380,400$402,300$433,300
$0
$1,017,900$1,058,400$1,088,500$1,074,500
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
NORTH VANCOUVER
NORTH VANCOUVER
NORTH VANCOUVER
NORTH VANCOUVER
North Vancouver
Condo
$3,000,000
REALTOR® Report
North Vancouver
$200,000
$3,000,000
North Vancouver REALTOR® Report
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$445,300$497,300$524,000$493,400$543,500$565,000$563,600$548,700$585,600$641,800
$2,027,100 $2,242,900$2,250,400$2,293,400$2,197,500
$952,900$989,500$914,700$984,700 $1,133,500 $1,344,000$1,349,400$1,352,100$1,314,500
$317,700$356,200$380,300$351,300$365,500$368,900$370,900$363,500$367,400$399,000 $527,200 $644,800$684,800$634,000$650,600$704,800 $789,400$806,500$814,800$819,500
$0 $500,000
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
WEST VANCOUVER
WEST VANCOUVER
WEST VANCOUVER
WEST VANCOUVER
West Vancouver
$3,000,000
REALTOR® Report
WEST VANCOUVER
West Vancouver
Townhomes
$3,000,000
$4,000,000
West Vancouver REALTOR® Report
WEST VANCOUVER
$1,000,000 $2,000,000 $3,000,000 $4,000,000
$1,129,500$1,048,600$1,190,600$1,256,600$1,355,700$1,282,600$1,300,500
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
SUNSHINE COAST
SUNSHINE COAST
$3,000,000
$3,000,000
Condo Report – July 2025
$3,000,000
Townhomes Report – July 2025
Sunshine Coast
SUNSHINE COAST
MLS® HPI Benchmark Price
$758,700$738,600$755,600$752,600 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000
$266,800$286,000$312,500$273,000$282,200$265,000$261,000$262,600$279,500$321,700
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
SQUAMISH
SQUAMISH
$200,000
$3,000,000
$2,000,000
SQUAMISH
Squamish
$0 $500,000 $1,000,000 $1,500,000 $2,000,000
$331,500$355,400$392,000$346,800$353,600$330,800$330,600$330,700$354,600$411,000
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Price Per Square Foot
WHISTLER
$400,000
$5,000,000
$100,000
$200,000
$3,000,000
$4,000,000
$200,000
$3,000,000
$4,000,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$295,100$327,600$369,500$331,400$303,400$343,900$269,000$247,000$248,600$261,100$336,100$409,200$486,800$444,100$462,600 $586,500 $758,200$709,400$670,100$675,400
$0
$508,900$545,500$594,800$513,400$518,800$485,700$488,900$477,300$513,700$587,200 $734,800 $885,300 $1,075,700$1,047,900$1,104,400 $1,432,900 $1,696,200$1,653,500$1,687,300$1,663,800
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
Price Per Square Foot
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
VANCOUVER | 36 East 5th Avenue, Vancouver, B.C., V5T 1G8
NORTH SHORE | 104-2770 Valley Centre Avenue, North Vancouver, B.C., V7J 0C8
NORTH SHORE | 104-3151 Woodbine Drive, North Vancouver, B.C., V7R 2S4
SQUAMISH | 1388 Main Street, Squamish, B.C., V8B 0A4
WHISTLER | 120-4090 Whistler Way, Whistler, B.C., V8E 1J3
OKANAGAN | 100-3200 Richter Street, Kelowna, B.C., V1W 5K9
VANCOUVER | NORTH SHORE | SQUAMISH | WHISTLER | OKANAGAN