Vancouver Luxury Attached Market: May 2026 Data

Vancouver's luxury attached market, condos and townhomes, closed May with 1,166 active listings and 118 recorded sales. That produces a blended sales ratio of ten percent, a Buyer's Market by the standard measure, but comfortably the busier of the two luxury segments this month. As with the detached market, a single blended number hides real differences depending on where a property sits in the price spectrum.

Where a property sits relative to $2.9 million determines which market a buyer or seller is actually operating in. Below that line, this is an active, broad-based market. Above it, activity thins out sharply.

Below $2.9 Million: Broad, Consistent Activity

Every price band from $1.4 million up to $2.899 million posted a sales ratio between eight and fourteen percent in May, a tight, consistent range that points to real, distributed demand rather than activity concentrated in one narrow slice. The busiest bands were $1.4 million to $1.499 million and $2.5 million to $2.899 million, each landing at roughly fourteen percent. The $1.9 million to $2.099 million band was close behind at thirteen percent. Even the softest band in this range, $1.7 million to $1.899 million, still cleared eight percent, which is respectable for a Buyer's Market.

Homes sold for a median of 97.20 percent of list price in May, essentially the same discipline sellers have seen for over a year in this segment. That combination, consistent sales ratios across many bands plus a sale-to-list ratio near 97 percent, tells buyers in this tier not to expect deep concessions. Sellers who price to current comparables are transacting close to list, quickly.

$2.9 Million and Above: Deep Buyer's Market, Meaningful Leverage

Above $2.9 million, the picture changes completely. Combined across every band from $2.9 million to $9 million and up, there were only four sales against 140 active listings in May, a two to three percent ratio, deep inside Buyer's Market territory. Several bands, including $4.9 million to $5.699 million and everything above $6.7 million, recorded zero sales for the month.

For qualified buyers above $2.9 million, this is a genuinely favourable window. Inventory is elevated relative to demand, competition for any single listing is minimal, and sellers in this tier are working with far more patient, better-informed buyers than they were a year or two ago. Negotiating room on price, timelines, and conditions is real here in a way it simply isn't below $2.9 million.

Sales Ratio by Square Footage

Square footage tells a similar concentrated story. The 2,500 to 2,999 square foot range posted the strongest ratio in May at twenty-one percent, nine sales against just 43 listings. The 1,500 to 1,999 square foot range, which carries the largest share of inventory at 462 listings, still cleared twelve percent. Units under 1,000 square feet were the weakest segment, a single sale against 49 listings, a two percent ratio.

Where This Sits in the Broader Trend

Over the past thirteen months, attached inventory has moved from a high near 1,344 listings in May 2025 down to a low near 860 in December 2025, before recovering to 1,166 by May 2026, still below where it stood a year ago. Monthly sales have ranged from roughly 80 to 175 across that period, with May 2026's 118 sitting in the middle of that range. The median sales price has stayed in a comparatively narrow band, mostly between $1.65 million and $1.84 million, which reinforces that this segment's adjustment over the past year has shown up more in the pace of sales than in headline price.

Year-Over-Year Comparison: May 2025 to May 2026

Set against May 2025, inventory is down 13 percent and sales are down 23 percent, the steeper of the two year-over-year declines in this report. Median sales price actually moved up three percent to $1.76 million, and price per square foot held essentially flat, down less than half a percent from $1,132 to $1,128. The sale-to-list ratio barely moved, 97.68 percent a year ago versus 97.20 percent now, and days on market improved slightly, down from 19 to 18. This is a market transacting less often, but not transacting for meaningfully less, and not taking longer to do it.

What This Means in Practice

If you are a buyer below $2.9 million, treat this as a competitive segment despite the Buyer's Market label. Sales ratios between eight and fourteen percent across most price bands, combined with a sale-to-list ratio near 97 percent, mean a well prepared, accurately priced offer is what wins here, not an aggressive lowball.

If you are a buyer above $2.9 million, take your time. Four sales against 140 listings in a single month is a market with very little competitive pressure. Work with an advisor who can show you what has actually sold at this level, not just what is listed, before you shape an offer strategy.

If you are a seller below $2.9 million, pricing to the current median for your specific price band is the highest leverage move available. This tier is absorbing inventory at a healthy pace when priced correctly.

If you are a seller above $2.9 million, plan for a longer timeline and buyers who have alternatives. Presentation and condition matter more here, but even a well presented property needs to be priced to what has actually closed recently, not to where the market was in 2021 or 2022.

Request the Full June (May 2026 Data) ILHM Report

The complete analysis and the ILHM Luxury Market Report for Metro Vancouver is available upon request at hiatt.com.

Bruce Hiatt is an Elite Member of the Institute for Luxury Home Marketing, serving buyers and sellers across Metro Vancouver's luxury detached and attached segments.