metro Vancouver & Tri-Cities | July 2025 Market Update

Posted on Aug 06, 2025 in Real Estate Trends

Sales Recovery Continues in the Tri-Cities

After showing early signs of improvement in June, July brought more evidence of a stabilizing market. Across Metro Vancouver—and here in the Tri-Cities—home sales are only slightly down from last year, while inventory remains high. That means more choice for buyers and steady prices across most property types. 
For buyers in Coquitlam, Port Moody, and Port Coquitlam, this translates to increased negotiating power. For sellers, success depends on sharp pricing, strong presentation, and standing out in a more competitive environment.

Metro Vancouver Snapshot

According to the Greater Vancouver REALTORS® (GVR), 2,286 homes sold in July 2025, down just 2% from July 2024 and 13.9% below the 10-year seasonal average. 

Inventory remains elevated:

  • 5,642 new listings came to market (↑ 0.8% YoY)
  • 17,168 active listings, up 19.8% YoY — 40.2% above the 10-year average
The sales-to-active listings ratio across all property types sits at 13.8%, indicating a balanced market.

July’s numbers confirm the recovery trend we saw in June. While sales are improving, high inventory levels are giving buyers plenty of choice, keeping prices steady for now.”
— Andrew Lis, Director of Economics and Data Analytics, GVR

How This Is Playing Out in the Tri-Cities

In Coquitlam, Port Moody, and Port Coquitlam, the market continues to show balance:

  • High inventory gives buyers more selection and leverage
  • Detached homes are slower to move
  • Condos and townhomes remain active but competitive
  • Sellers must focus on strategic pricing and presentation

Segment Breakdown


DETACHED HOMES
  • Sales: 660 (↓ 4.1% YoY)
  • Benchmark Price: $1,974,400 (↓ 3.6%)
  • Sales-to-Active Listings Ratio: 10.2%
  • Average Days on Market: 42
Detached homes are moving slowly, with buyers using their increased leverage to negotiate. Sellers need to be realistic with pricing to stay competitive.

TOWNHOMES
  • Sales: 459 (↑ 5% YoY)
  • Benchmark Price: $1,099,200 (↓ 2.3%)
  • Sales-to-Active Listings Ratio: 16.7%
  • Average Days on Market: 30
Townhome activity remains steady. Well-presented, move-in-ready homes are attracting attention from families, but buyers are comparing more options before committing.

APARTMENTS
  • Sales: 1,158 (↓ 2.9% YoY)
  • Benchmark Price: $743,700 (↓ 3.2%)
  • Sales-to-Active Listings Ratio: 15.9%
  • Average Days on Market: 35
Condos remain the most active segment. Transit-accessible buildings and well-located units are in demand, but buyers have room to negotiate due to abundant inventory.

For more detailed data, visit the official Real Estate Board of Greater Vancouver MLS® Home Price Index.

Tri-Cities Stats


nfographic showing July 2025 real estate data for Port Moody and Coquitlam. Includes benchmark prices, year-over-year changes, active listings, and total sales for detached homes, townhouses, and condos. Data sourced from the Real Estate Board of Greater Vancouver.Infographic showing July 2025 real estate data for Port Coquitlam and Maple Ridge. Includes benchmark prices, year-over-year changes, active listings, and total sales for detached homes, townhouses, and condos. Data sourced from the Real Estate Board of Greater Vancouver.


























What This Means for You

If you’re buying, this balanced market means more selection, less competition, and room to negotiate.If you’re selling, standing out is key. Strategic pricing, polished presentation, and the right marketing approach will make all the difference.

Let’s Make a Plan Together

At the Kyle Lamb Real Estate Group, we combine market data with local expertise to help you buy or sell with confidence.

📞 Questions? Let’s connect.
We’d be happy to chat about your goals and how we can help.
—
Kyle Lamb, PREC
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