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Vancouver West Market Statistics

The Vancouver West Housing Market includes very different submarkets, from high-density condos and mixed-use housing around Broadway, Cambie and Oakridge to established detached-home neighbourhoods such as Kitsilano, Dunbar, Kerrisdale, Point Grey and Shaughnessy. These Vancouver West Market Statistics track Vancouver West Home Prices, sales, inventory, new listings and sales-to-active-listings ratios by property type so buyers and sellers can see how the Vancouver West Real Estate Market is changing.

Vancouver West Real Estate Prices can vary considerably between a Broadway-area condo, a UBC leasehold property, a Dunbar detached home, a Shaughnessy luxury residence and a newer home near Oakridge. Vancouver West Housing Prices, Vancouver West Sold Prices and a Vancouver West Average House Price are therefore more useful when interpreted within the relevant neighbourhood, property type and ownership structure, while Vancouver West Real Estate Statistics provide the broader trend. Use the charts below to compare current conditions, then explore Vancouver West Homes for Sale to compare active listings with the market data and watch our monthly Market Statistics videos for additional regional commentary.

Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.

MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.

Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).

Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.

New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.

Sales: The total number of homes that successfully sold during the month. The stronger the market, the greater the number of sales!

Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.

Find more in depth reports below.

Greater Vancouver REALTORS® (GVR) publishes the market data used in the charts on this page and reports Vancouver West as a separate market area. The charts track Vancouver West Home Prices and market activity for detached homes, townhouses and condos across the Vancouver West Housing Market.

These Vancouver West Real Estate Statistics are updated as new monthly data becomes available. Reviewing several months of Vancouver West Market Statistics provides better context than relying on one month alone, especially when Vancouver West Real Estate Prices are influenced by different property types, neighbourhoods and ownership structures across the Vancouver West Housing Market. Vancouver West Housing Prices should therefore be read as a broader trend rather than as a substitute for comparable sales in a specific West Side submarket. For broader regional comparisons, see our Market Statistics page.

Vancouver West Detached Homes Statistics

Vancouver West Townhouse Statistics

Vancouver West Condos Statistics

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Vancouver West combines major transit-oriented growth areas with long-established residential neighbourhoods. The Broadway Plan is adding substantial housing capacity through Kitsilano and Fairview, while the Cambie Corridor is bringing major new housing around Oakridge and other Canada Line stations. At the same time, neighbourhoods such as Dunbar, Kerrisdale, Point Grey and Shaughnessy retain a much larger share of detached and ground-oriented housing.

That contrast matters when reading the Vancouver West Housing Market. A month with more condo sales along Broadway or Cambie can affect Vancouver West Home Prices and Vancouver West Market Statistics differently from a month with more detached-home activity in the established West Side neighbourhoods, so property type and location should be considered together.

Oakridge and the Cambie Corridor are undergoing some of the largest housing changes on Vancouver’s West Side. The Cambie Corridor Plan is intended to add more than 30,000 homes over time, while the redevelopment of Oakridge Centre is creating a much denser mixed-use neighbourhood around the Canada Line.

As newer condos, townhouses and other multi-family homes become a larger share of local transactions, they can influence Vancouver West Market Statistics and Vancouver West Home Prices without reflecting the same conditions in detached-home areas farther west. This changing sales mix is one reason the Vancouver West Housing Market is more useful when condo, townhouse and detached-home trends are reviewed separately. Vancouver West Real Estate Statistics provide the broader context.

UBC-area housing includes a substantial number of leasehold strata properties, while most residential properties elsewhere in Vancouver West are conventional freehold ownership. UBC neighbourhoods such as Chancellor Place, Hampton Place and Hawthorn Place include market leasehold homes, so two otherwise similar condos can have very different land-tenure structures.

That distinction matters when comparing Vancouver West Home Prices. Vancouver West Sold Prices for a UBC leasehold property should be compared with similar leasehold sales rather than automatically with freehold condos elsewhere on the West Side. Vancouver West Real Estate Prices and Vancouver West Housing Prices are more meaningful when ownership structure is considered alongside building age, location and property type.

Vancouver West contains some of the region’s highest-value detached-home submarkets, including Shaughnessy, Point Grey, Kerrisdale and parts of South Granville. Large lots, custom homes, views, heritage considerations and a relatively small number of very high-value transactions can make the detached-home sales mix substantially different from the condo and townhouse markets. First Shaughnessy is also Vancouver’s first Heritage Conservation Area.

Those sales can influence Vancouver West Real Estate Prices and a Vancouver West Average House Price even when the broader market has changed less dramatically. Vancouver West Sold Prices for luxury homes are therefore most useful when compared with genuinely similar properties in the same submarket. Buyers looking at the upper end of the market can also browse our BC Luxury Properties for Sale page.

Many Vancouver West neighbourhoods contain older character homes and detached houses on valuable residential lots, while Vancouver’s R1-1 zoning now permits multiplex housing on eligible sites. As newer duplexes and multiplexes become part of the sales mix, properties on the same street can differ considerably in age, ownership form, redevelopment potential and land value.

That makes Vancouver West Sold Prices more useful when recent transactions are matched by housing form and redevelopment context rather than by location alone. Vancouver West Real Estate Statistics provide the broader trend, but Vancouver West Housing Prices for an older detached home, a new multiplex unit and a redevelopment property should not be treated as directly interchangeable. A Vancouver West Average House Price can also shift when the mix of those sales changes.

Vancouver West Market Statistics provide useful market context, but prices and conditions can vary substantially by neighbourhood, property type and ownership structure. Browse current Vancouver West Houses for Sale, Vancouver West Condos for Sale, Vancouver West Townhouses for Sale, Vancouver West Duplex for Sale, Vancouver West Land for Sale and Vancouver West Homes with Suites to compare active listings with the trends shown in these charts.

You can also browse Vancouver West Open Houses, explore Vancouver West Presales & New Developments, or visit Vancouver West Photos & Videos for more information about living and buying in Vancouver West.

Vancouver West is part of the Greater Vancouver REALTORS® reporting area, so broader Greater Vancouver trends can help put the Vancouver West Real Estate Market into context. Comparing regional sales, inventory and price movement with Vancouver West Market Statistics can help show whether a change is primarily local or part of a wider Greater Vancouver trend.

For broader regional comparisons, see our Market Statistics page and monthly Market Statistics videos. Those regional resources complement the Vancouver West Housing Market charts on this page without replacing the local property-type data.

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