South Granville Real Estate Market Stats and Trends 2026

South Granville's real estate market spans three distinct segments, detached homes, townhomes, and condos, each trading at a different pace and price point. Understanding current conditions here means looking at each segment on its own terms rather than a single blended average, since the mix of housing stock varies so widely between the elevated detached blocks and the strata buildings closer to Granville Street.

Current Market Snapshot, as of September 8, 2026

Detached Homes

Active listings 76, median price $4,099,000, $1,042 per square foot, median 83 days on market. Months of inventory sits at 8.6, down from 12 last month, still favouring buyers though somewhat less strongly than before.

Townhomes

Active listings 39, median price $1,680,000, $1,076 per square foot, median 62 days on market, slower than last month's 41.

Condos

Active listings 17, median price $1,280,000, $1,208 per square foot, median 70 days on market.

Recent Monthly Sales Trend

South Granville closed 9 sales in June 2026, 11 in July, and 14 in August, a modest but steady transaction pace across a market of 132 total active listings. Months of inventory for the overall market has eased from 14.6 in June to 12.0 in July to 9.5 in August, tightening notably over that stretch after a slower spring.

Broken out by segment, August's 9 detached sales closed at a median of $3,250,000, a 6.3 percent average discount from asking, with no sales above list price. Townhomes saw 3 closed sales at a median of $1,380,000, a steeper 13.5 percent average discount from asking. Condos saw 2 closed sales at a median of $1,512,500, a 9.8 percent average discount from asking. None of the three segments recorded a sale above asking price in August, consistent with a market that continues to reward realistic pricing over ambitious pricing.

Where Inventory Clusters by Price

The 132 total active listings cluster primarily between $3.75 million and $10 million, about 37 percent of inventory, and $1.25 million to $2.5 million, about 38 percent. Listings under $1 million represent about 8 percent of the market, and only 3 listings currently exceed $10 million. Together, the two dominant price bands account for roughly three quarters of everything currently for sale in South Granville, which is worth keeping in mind when comparing any single listing against the broader market.

City of Vancouver Benchmark Context: September 2026

City of Vancouver detached homes overall: 1,315 active listings, median $2,780,000, median $988 per square foot, median 79 days on market. August 2026 closed sales: 140 homes at a median $2,242,500, a 4.9 percent average discount from asking, 9.3 percent selling over asking, 9.4 months of inventory.

City of Vancouver townhomes overall: 888 active listings, median $1,559,000, median $1,070 per square foot, median 51 days on market. August 2026 closed sales: 107 homes at a median $1,338,000, a 2.5 percent average discount from asking, 12.1 percent selling over asking, 8.1 months of inventory.

City of Vancouver condos overall: 2,139 active listings, median $799,900, median $1,042 per square foot, median 56 days on market. August 2026 closed sales: 308 homes at a median $748,950, a 3.1 percent average discount from asking, 7.5 percent selling over asking, 6.9 months of inventory.

South Granville's detached median of $4,099,000 sits roughly 47 percent above the city wide detached median of $2,780,000, and its per square foot pricing, $1,042 versus $988 city wide, runs about 5 percent higher, a far smaller gap than the price premium alone would suggest. That points to South Granville's detached premium coming mostly from lot size and land value rather than an outsized cost per square foot. On pace, South Granville detached actually trades tighter than the city wide detached market this month, 8.6 months of inventory against the city wide 9.4, even as its August discount from asking, 6.3 percent, ran deeper than the city wide 4.9 percent and its over asking activity, zero percent, trailed the city wide 9.3 percent. That combination, tighter inventory but no premium bidding, is consistent with a market that rewards a well priced listing without rewarding an aggressive one.

South Granville's townhome median of $1,680,000 runs about 8 percent above the city wide townhome median of $1,559,000, with per square foot pricing, $1,076 versus $1,070, essentially in line with the rest of the city. Where South Granville's townhome segment diverges most is on discount from asking, 13.5 percent in August against the city wide 2.5 percent, a meaningfully wider gap than either the detached or condo segments show, and a signal that townhome sellers here are conceding more ground at the negotiating table than the city wide average suggests they should need to.

South Granville's condo median of $1,280,000 sits about 60 percent above the city wide condo median of $799,900, and its per square foot pricing, $1,208 versus $1,042, runs about 16 percent higher, the widest premium of the three segments on both measures. Condo days on market, 70 versus the city wide 56, and August's 9.8 percent average discount from asking against the city wide 3.1 percent, both point to a smaller, slower moving condo segment within South Granville that trades on its own terms rather than tracking the broader city wide condo market closely.

What These Trends Mean for Buyers

Buyers across all three South Granville segments have real negotiating room right now. Detached buyers are seeing sellers accept a deeper discount from asking than the city wide detached average even as inventory has tightened, a sign that pricing discipline, not scarcity, is what's determining outcomes. Townhome buyers have the most room of the three segments, with August's average discount running well above both the detached and condo figures and more than five times the city wide townhome average. Condo buyers are working in the smallest and slowest moving of the three segments, where a longer days on market figure gives more time to evaluate a unit and its building before committing. Across all three, the absence of any over asking sales in August is worth noting directly, a well prepared offer at or modestly below list price is currently a reasonable starting point in every segment here.

What These Trends Mean for Sellers

The overall market has tightened since spring, months of inventory falling from 14.6 in June to 9.5 in August, and August's closed sales count, 14, was the highest of the three month stretch. That tightening has not yet translated into pricing power at the negotiating table, detached, townhome, and condo sellers all closed August sales at a discount from asking that exceeded the comparable city wide figure, in the townhome segment's case by a wide margin. The clearest takeaway for a seller preparing to list is that ambitious pricing continues to be penalized here even as the broader inventory picture improves, and that a strategy built around a defensible, well supported list price is more likely to produce a clean sale than one built around testing the market's ceiling.

How to Use This Data

These figures reflect a snapshot of MLS data pulled September 8, 2026, and are intended to give you a working context for the neighbourhood, not a substitute for a property specific analysis. Given how differently the detached, townhome, and condo segments are trading within South Granville right now, a conversation with a local real estate expert such as Bruce Hiatt is the most reliable way to evaluate a specific property against this data. For a closer look at what to know before buying in this neighbourhood, see Buying a Home in South Granville Vancouver.

Contact Bruce Hiatt directly at 604-818-8185 or using this contact form link.

Frequently Asked Questions

What is the median home price in South Granville, Vancouver in 2026?

As of September 8, 2026, South Granville's detached homes carry a median price of $4,099,000 across 76 active listings, at $1,042 per square foot with a median 83 days on market. Townhomes carry a median of $1,680,000 across 39 active listings, and condos carry a median of $1,280,000 across 17 active listings.

How does South Granville pricing compare to the rest of Vancouver?

South Granville trades above City of Vancouver wide medians in every segment. Its detached median, $4,099,000, runs about 47 percent above the city wide detached median of $2,780,000. Its townhome median, $1,680,000, runs about 8 percent above the city wide townhome median of $1,559,000. Its condo median, $1,280,000, runs about 60 percent above the city wide condo median of $799,900, the widest gap of the three segments.

What affects price the most within South Granville itself?

Position matters as much as the neighbourhood name here. Homes on the elevated streets with mountain views to the south command meaningful premiums over comparable properties in lower lying positions, and blocks immediately adjacent to Granville Street carry some noise and traffic exposure that buyers weigh against the walkability of being close to the commercial corridor.

What should buyers watch for in South Granville strata buildings?

Strata buildings in the neighbourhood vary considerably in age, construction quality, and financial health. Older wood frame walk ups can represent good value but call for the same document scrutiny any aging building demands, reserve fund status, depreciation reports, and maintenance history all deserve a careful review before an offer goes in. The newer concrete projects are limited in number but are generally more straightforward from a strata health perspective.

Is 2026 a buyer's market or a seller's market in South Granville?

South Granville continues to favour buyers overall, though somewhat less strongly than a month ago. Detached months of inventory eased from 12 to 8.6 between August and September, a genuine tightening, but August's closed sales still showed a deeper than city wide average discount from asking across all three segments and no sales above list price in any of them. That combination points to a market still working through inventory that punishes ambitious pricing, even as the overall pace has picked up.