South Granville Real Estate Market Stats and Trends 2026

Understanding the South Granville real estate market requires looking beyond city-wide averages. The neighbourhood operates at a price point and with a buyer profile that differs meaningfully from the broader Vancouver market, and the data that shapes decisions here deserves close attention.

Current Market Snapshot: 2026

As of July 26, 2026, South Granville carries 80 active detached listings at a median price of $3,999,000, or $1,013 per square foot, with a median 84.5 days on market. The townhome market shows 35 active listings at a median of $1,688,000, or $1,085 per square foot, with a median 41 days on market. The condo market is the smallest of the three at 18 active listings, median $1,233,950, or $1,236 per square foot, with a median 60.5 days on market.

The detached median has moved down from the $4,498,000 figure previously cited on this site for May 2026, while active inventory has held roughly steady. Townhome and condo medians have both moved up modestly over the same period. This kind of month to month movement is normal in a neighbourhood with a limited number of transactions and should be read as directional rather than a hard price level.

Recent Monthly Sales Trend

South Granville's detached market saw 7 closed sales in June 2026 at a median sold price of $2,975,000, or $860 per square foot, with homes selling in a median of 14 days and an average discount of 6.9% from asking price. No detached sales closed above asking in June. Months of inventory for detached homes sat at 12 in June, which points to a market with more supply than demand at current absorption rates, consistent with buyer conditions across the wider city.

Townhomes saw 2 closed sales in June 2026 at a median of $1,540,000, a median 73 days on market, and an 8.9% average discount from asking, with 15 months of inventory. The condo segment recorded 2 closed sales in May 2026, the most recent month with recorded activity, at a median of $1,092,500 and a median 36.5 days on market. Given how few transactions close each month in South Granville's smaller property types, a single sale can move these figures meaningfully, and they should be read alongside the active listing snapshot above rather than in isolation.

Where Inventory Clusters by Price

Across all property types, South Granville's 133 active listings cluster most heavily between $3.75 million and $10 million, which accounts for roughly 4 in 10 listings and reflects the neighbourhood's detached housing stock. A second concentration sits between $1.25 million and $2.5 million, roughly a third of all listings, reflecting the townhome market and larger condo units. Inventory under $1 million is limited to about 1 in 10 listings, and listings above $10 million are rare, with only 2 active above that threshold and none above $15 million.

City of Vancouver Benchmark Context: July 2026

City of Vancouver detached: 1,397 active listings, median $2,789,000, median $996 per square foot. June 2026 closed sales: 176 homes at a median $2,094,000, 4.2% average discount from asking, 15.3% selling over asking, 8.1 months of inventory.

City of Vancouver townhomes: 912 active listings, median $1,578,000, median $1,080 per square foot. June 2026 closed sales: 156 homes at a median $1,452,500, 2.9% average discount from asking, 15.4% selling over asking, 6 months of inventory.

City of Vancouver condos: 2,308 active listings, median $809,000, median $1,051 per square foot. June 2026 closed sales: 376 homes at a median $739,500, 3.4% average discount from asking, 7.4% selling over asking, 6.3 months of inventory.

South Granville's detached median sits well above the city-wide figure, while its per square foot pricing is closer to city-wide levels than the headline price gap suggests, reflecting the larger average lot and home sizes in the neighbourhood. South Granville's months of inventory figures, particularly for detached and townhomes, run meaningfully higher than the city-wide averages, which points to a softer, more buyer-favourable market in this neighbourhood specifically than in Vancouver as a whole.

What These Trends Mean for Buyers

With 12 months of detached inventory and no June sales closing above asking, buyers in South Granville currently have real room to negotiate on price and terms, more room than the city-wide detached figures alone would suggest. The right approach is still to work from the specific comparable sales for a given block or building rather than the neighbourhood median alone, given how much position within South Granville affects value.

What These Trends Mean for Sellers

An average discount of 6.9% from asking on recent detached sales, combined with a median 84.5 days on market for active listings, points to a market that punishes ambitious pricing more than it did a year or two ago. Sellers who price realistically against the most recent comparable sales, rather than against earlier-cycle expectations, continue to see reasonable timelines to sale. Given how much position within South Granville affects value, an accurate read of where a specific property sits relative to the elevated blocks and the Granville corridor is an important part of pricing it correctly.

How to Use This Data

These figures reflect a snapshot of MLS data pulled July 26, 2026, and are intended to give you a working context for the neighbourhood, not a substitute for a property-specific analysis. Given the small number of monthly transactions in some categories, month to month figures can be volatile. For a current assessment of a particular home or a buyer's price range, a conversation with a local real estate expert such as Bruce Hiatt is the most reliable next step.

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 July 26, 2026, South Granville's active detached listings carry a median price of $3,999,000 across 80 listings. Active townhomes have a median of $1,688,000 across 35 listings, and active condos have a median of $1,233,950 across 18 listings.

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

South Granville's detached median of $3,999,000 sits well above the City of Vancouver detached median of $2,789,000. On a per square foot basis the gap is narrower, $1,013 in South Granville versus $996 city-wide, since South Granville homes tend to be larger. South Granville's months of inventory also run higher than city-wide figures, pointing to a softer, more buyer-favourable market in this specific neighbourhood.

What affects price the most within South Granville itself?

Position within the neighbourhood matters as much as the neighbourhood name. The elevated blocks between 12th and 16th on the west side of Granville command the strongest premiums due to generous lot sizes and mountain views to the south. Blocks immediately adjacent to Granville Street carry some noise and traffic exposure that buyers should weigh against the convenience of the location.

What should buyers watch for in South Granville strata buildings?

South Granville's strata buildings vary considerably in age and construction quality. Older wood-frame low-rise buildings can represent good value but require careful review of reserve fund status, depreciation reports, and maintenance history before proceeding. The newer concrete projects in the neighbourhood are more 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?

Conditions in South Granville currently favour buyers. Detached homes are carrying 12 months of inventory, no detached sales closed above asking in June 2026, and the average discount from asking on recent detached sales was 6.9%. Median days on market for active detached listings sits at 84.5 days, well above what a balanced market would typically show. Well-positioned properties can still attract meaningful interest, but overall the current data favours buyers over sellers.