Metro Vancouver March Market — Quick Take

• March is where we typically see things pick up for spring, but this year it’s been more gradual

• Buyers are out, but they’re taking their time and being selective

• Sales are slightly down year-over-year
  → 2,032 sales, down 2.8% from March last year
  → Still sitting well below the 10-year average

• New listings actually pulled back
  → Down 10.3% compared to last year
  → A bit of a shift, as we usually see more inventory building this time of year

• Overall, we’re in balanced market territory
  → Sales-to-active listings ratio at 14.2%

• Detached homes are starting to show some movement
  → Sales up 8.3% year-over-year
  → Fewer listings, which is helping that segment

• Apartments are still quieter
  → Sales down 7.8%
  → Prices also down compared to last year

• Townhomes are somewhere in between
  → Slight dip in sales
  → Prices holding fairly steady month-to-month

• Year-over-year prices are still down across the board
  → Detached: down 8.2%
  → Apartments: down 7.8%
  → Townhomes: down 5.7%

• Month-to-month tells a calmer story
  → Detached: up 1%
  → Townhomes: up 0.1%
  → Apartments: down 0.2%

• Market conditions really depend on property type right now
  → Detached: softer at 11% ratio
  → Attached: more balanced at 17.2%
  → Apartments: sitting around 15.7%

• What I’m seeing overall
  → The market isn’t moving as one — it’s splitting by segment
  → Detached may be waking up a bit
  → Multifamily is still taking longer to find its footing

• The takeaway
  → This is a very strategy-driven market
  → Pricing, presentation, and timing matter more than ever
  → Broad stats only tell part of the story — each property is its own micro-market

If you’re thinking about buying or selling this spring, it’s worth having a more tailored conversation based on your specific situation.

Bridget 604-805-6820