08/09/2026
๐ AUGUST 2026 VANCOUVER MARKET UPDATE ๐
While the overall Metro Vancouver market slowed in July, my business has actually been quite busy helping buyers and sellers navigate today's changing market. ๐
The hottest segment right now? Townhouses and duplexes. ๐ก Many condo owners are taking advantage of softer pricing and moving into larger homes that better fit their lifestyle. Buyers are active, but they're selective. Renovated, move-in-ready homes are getting the most attention, while properties needing work are sitting longer.
Inventory remains elevated, giving buyers plenty of choice. Some sellers have become frustrated with longer market times and are choosing to temporarily take their homes off the market. As inventory sits, we may continue to see prices adjust, particularly in the condo and detached house segment.
๐ July sales were down 9.8% year-over-year, led by an 18% drop in apartment sales. Benchmark prices across all property types declined roughly 1% month-over-month. Despite this, townhomes continue to show the strongest demand relative to available inventory.
If you've been thinking about upsizing from a condo into a townhouse or duplex, this may be one of the best opportunities we've seen in years.
Spencer Kumo Personal Real Estate Corporation
๐ Top 10% Japanese Speaking Vancouver Realtor
RE/MAX Crest Realty
๐ 778-981-0188
๐ง [email protected]
๐ www.SpencerKumo.com