Market Recovery Extends into August
August data shows further signs of recovery across Metro Vancouver, with easing prices drawing more buyers back into the market. Sales were up modestly from last year, but remain below long-term averages. Inventory is still high, keeping conditions balanced and giving buyers options. In the Tri-Cities—Coquitlam, Port Moody, and Port Coquitlam—buyers continue to benefit from selection and negotiating power, while sellers face pressure to price strategically and present homes well in a competitive environment.
Metro Vancouver Snapshot
According to the Greater Vancouver REALTORS® (GVR), 1,959 homes sold in August 2025, up 2.9% from August 2024 but 19.2% below the 10-year seasonal average.
Inventory remains elevated:
- 4,225 new listings came to market (↑ 2.8% YoY)
- 16,242 active listings, up 17.6% YoY — 36.9% above the 10-year average
The sales-to-active listings ratio across all property types sits at 12.4%, indicating a balanced market. It is just above the threshold where downward price pressure occurs, suggesting prices are holding steady rather than falling or rising quickly.
Prices have eased around 2% since the start of the year and are down about 1% month over month. Sellers are lowering price expectations, and as buyers and sellers align, sales volume is picking up.”
— 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, balanced conditions remain the theme. Elevated inventory continues to provide buyers with choice and negotiating power, while sellers face a competitive landscape where pricing and presentation matter more than ever.
- High inventory gives buyers more selection and leverage
- Detached homes are seeing slower sales and greater price declines (↓ ~5–6% YoY)
- Condos and townhomes remain more active but competitive, with modest declines or slight gains depending on the city
- Sellers must sharpen pricing strategies and highlight strong presentation to stand out
Segment Breakdown
DETACHED HOMES
- Sales: 575 (↑ 13% YoY)
- Benchmark Price: $1,950,300 (↓ 4.8% YoY)
- Sales-to-Active Listings Ratio: 9.3%
- Average Days on Market: 47
TOWNHOMES
- Sales: 409 (↑ 10.5% YoY)
- Benchmark Price: $1,079,600 (↓ 3.5% YoY)
- Sales-to-Active Listings Ratio: 15.8%
- Average Days on Market: 36
Townhomes remain relatively active, with sales up from last year. Buyers are cautious, but well-priced and well-presented listings are drawing attention.
APARTMENTS
- Sales: 956 (↓ 5.5% YoY)
- Benchmark Price: $734,400 (↓ 4.4% YoY)
- Sales-to-Active Listings Ratio: 14.0%
- Average Days on Market: 42
Condo sales dipped from last year, but the segment remains active. Inventory is giving buyers room to compare options, keeping competition high among sellers.
For more detailed data, visit the official Real Estate Board of Greater Vancouver MLS® Home Price Index.
Tri-Cities Stats
What This Means for You
If you’re buying in the Tri-Cities, elevated inventory across detached, townhome, and condo segments means more options and stronger negotiating power.
Detached homes are slower to move and showing the largest price declines, giving buyers extra leverage.
For sellers, competition is high — success will come from sharp pricing, standout presentation, and strategic marketing to capture attention in a crowded market.
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
Realtor® | kyle@kylelambrealestate.com | 604-818-2080