July saw Greater Vancouver home sales dip 9.8% year-over-year, totaling 2,061 transactions—18.6% below the 10-year seasonal average. The benchmark price landed at $1,088,800, down 6.2% from last year, while new listings dropped by 11.5% and inventory fell 4%. Despite that, available inventory still sits 26.8% above average, which reflects shifting buyer and seller dynamics across our region.
As someone who views each property through both an investment and development lens, I always pay close attention to these numbers. They’re more than just data points—they help reveal underlying opportunities and risks, especially when inventory shifts and prices adjust. Whether you’re evaluating renovation potential, long-term value, or simply watching the market for your next move, understanding these trends is key to making informed decisions in Greater Vancouver’s ever-changing landscape.
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