Last month, 51 local detached homes sold, which is up from a count of 44 in August of last year, according to the monthly update from the Greater Vancouver Realtors (GVR) organization, issued on Sept. 3, Sales of those types of properties in the first seven months of this year totalled 329, up from a tally of 311 sales in the same period of 2024.
Six attached home and four apartment sales were recorded in the Sunshine Coast area in August. As of last month, the year-to-date number of sales of attached homes was 36, down from 42 in the same period of 2024. As for local apartment sales, those were also down, to 26 from 33.
But the median selling price of those properties has dipped. To the end of this August, the median figure for detached homes was reported at $900,000, compared to $952,500 for the period of January through August 2024.
Median selling prices are also lower for Coast attached and apartment properties. In the first seven months of 2025, that was reported at $647,500 for attached homes and at $530,000 for apartments, down from $654,500 and $557,500 respectively.
Local real estate sales activity appears to be somewhat in line with what is happening in other markets the GVR reports on. In a release that accompanied the update, its director of economics and data analytics, Andrew Lis, stated, “The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year.
“Prices have eased around two per cent since the start of the year and are down about one per cent month over month in August, signalling that sellers have been willing to lower price expectations.”
That document detailed that the composite benchmark price for all residential properties in Metro Vancouver is currently $1,150,400, a 3.8 per cent decrease over August 2024.
The most recently released median detached home price on the Sunshine Coast reporting area was one of two under $1 million in the 17 areas the GVR reports on. The other in that category was the Islands-Gulf area, coming in at $830,000. The highest median 2025 detached home selling price of $3.26 million belongs to West Vancouver.
Listing numbers increase
There were more local listings of all types of residential properties so far in 2025 than during that period last year. For detached properties, listings rallied to 982 from 935. For attached homes, the count rose to 110 from 91 and for apartments the listings number went to 86 from 78.
