Fraser Valley and Greater Vancouver Real Estate Market: June 2025 Appraisal Update

Fraser Valley and Greater Vancouver Real Estate Market: June 2025 Appraisal Update

 

Welcome to the Adlaw Appraisals blog, where we provide professional insights to help you navigate the ever-changing real estate market. With our focus on the Greater Vancouver and Fraser Valley regions, we’ve compiled a market update for June 2025, taking a closer look at the trends from an appraiser’s perspective.

 

Metro Vancouver: A Shift Towards Stability

 

The first half of the year has been turbulent, but Metro Vancouver is showing promising signs of stabilization. While residential sales in June were down 9.8% year-over-year, this decline was half of what was seen in May, suggesting the market may be “rounding the corner” towards more demand.

Key Takeaways:

• A “Balanced” Market: The sales-to-active listings ratio is currently 12.8% across all property types. This falls within the 12-20% range considered a balanced market, where prices generally trend sideways.
• Inventory is Abundant: Total listings are up a significant 23.8% compared to June 2024, giving buyers more choice.
• Benchmark Prices: The composite benchmark price for all residential properties is $1,173,100, which is a slight decrease of 0.3% from May 2025 and 2.8% from June 2024.
• Attached Homes Shine: In a unique turn, attached home sales saw a 3.7% increase year-over-year, while sales of detached homes and apartments declined.

 

Fraser Valley: A Buyer’s Market with Untapped Opportunities

 

According to the Fraser Valley Real Estate Board, June 2025 continued to be a “buyer’s market”. For buyers with the ability to tolerate economic uncertainty, this market offers “some very real opportunities” due to abundant inventory and softening prices.

Key Takeaways:

• Mixed Sales Performance: Sales were up 1% from May but remained 9% below sales from June 2024.
• Surging Inventory: Active listings approached 11,000 in June, a 30% increase from the previous year.
• Softening Prices: The composite Benchmark price for the Fraser Valley decreased by 1.2% in June to $951,500. This trend was seen across all property types:
  • Single-Family Detached: $1,458,600 (down 1.6% from May 2025 and 4.6% from June 2024).
  • Townhomes: $824,400 (down 1.0% from May 2025 and 3.1% from June 2024).
  • Apartments: $526,500 (down 1.2% from May 2025 and 4.5% from June 2024).
• Time on Market: Properties are spending a little more time on the market. In June, the average number of days to sell was 39 for a condo, 35 for a detached home, and 30 for a townhome.

From a professional appraiser’s perspective, these trends highlight a market that, while facing some headwinds, is presenting a landscape rich with opportunity for savvy buyers and sellers alike. It’s a market that rewards patience, careful consideration, and a clear understanding of the current conditions.