February 2026 North Vancouver, West Vancouver & Downtown Vancouver Real Estate Market Update
February brought renewed momentum across Greater Vancouver, with sales activity increasing and days on market declining in several key segments. While market conditions continue to vary by area and property type, the data suggests improving efficiency as we move toward the spring market.
North Vancouver Detached Market
North Vancouver’s detached segment remained in balanced market territory in February.Inventory increased modestly to 254 active listings, while 40 homes sold, resulting in a 16 percent sales ratio. This level of absorption indicates steady demand without significant upward or downward pressure.The average sale price reached $1,901,250, reflecting a slight increase month over month. One of the most notable shifts was the drop in days on market to just 11 days, showing that well priced homes are attracting decisive buyers.The $1.5 million to $1.75 million price range saw particularly strong activity, reinforcing the importance of understanding micro-market dynamics within broader balanced conditions.
North Vancouver Condos and Townhomes
The attached market in North Vancouver demonstrated stronger movement compared to the detached segment.With 466 active listings and 92 sales, the sales ratio reached 20 percent, positioning the market at the upper end of balanced conditions and approaching seller leaning territory.The average sale price increased to $912,500, up 6 percent from January. Days on market declined to 15 days, indicating improved confidence among buyers.Demand was especially concentrated in the $700,000 to $800,000 range, where absorption rates were notably higher than the overall market average.
West Vancouver Detached Market
West Vancouver’s detached segment continues to lean toward buyer market conditions.There were 400 active listings and 22 sales recorded in February, resulting in a 6 percent sales ratio. This level of absorption gives buyers negotiating leverage overall.The average sale price adjusted to $2,965,000. However, days on market improved significantly to 33 days, suggesting that properly positioned homes are still moving.Notably, the $2 million to $2.25 million range showed stronger activity compared to other price segments, highlighting the importance of strategic pricing in today’s environment.
West Vancouver Condos and Townhomes
The attached segment in West Vancouver remains more selective.With 129 active listings and 11 sales, the sales ratio sits at 9 percent, reflecting buyer leaning conditions. The average sale price was $1,163,500, and days on market improved to 25 days.While overall activity remains moderate, well-presented properties in desirable locations continue to attract attention.
Downtown Vancouver Condos and Townhomes
Downtown Vancouver’s attached market remained in balanced territory in February.There were 881 active listings and 116 sales recorded, resulting in a 13 percent sales ratio.The average sale price increased to $773,750, while days on market dropped sharply to 16 days. Sales activity rose significantly compared to January, reflecting renewed buyer engagement.The most active price band was between $500,000 and $800,000, where absorption was notably stronger than the overall market average.Downtown continues to offer opportunities for both investors and end users, particularly in well located and competitively priced properties.
Final Thoughts
February’s data suggests increased activity across North Vancouver, West Vancouver, and Downtown Vancouver as we move closer to the spring market.North Vancouver remains balanced with healthy demand in both detached and attached segments. West Vancouver continues to favour buyers overall, though certain price bands are performing well. Downtown Vancouver is showing improved efficiency, particularly in mid range condo inventory.In today’s environment, understanding where your property fits within its specific price segment and neighbourhood is critical.If you are considering buying or selling in North Vancouver, West Vancouver, or Downtown Vancouver, I would be happy to provide a detailed and personalized market analysis tailored to your property and goals.
