Forty per cent of homes in Greater Vancouver and the Fraser Valley needed a second listing between January and September of this year, according to data Zealty shared with Daily Hive Urbanized.<\/p>\n
The first listing had either expired or been pulled, after it \u201cfailed to sell on an earlier listing.\u201d<\/p>\n
In 2021, 19 per cent of homes needed a second listing to sell.<\/p>\n
Zealty also found that the median home sale took 23 days to sell after it was re-listed, and it took 58 days from the first listing.<\/p>\n
In 2021, it was 12 days.<\/p>\n
Further, they found that \u201cthe second try costs money.\u201d While homes that sold on the first try sold for 3.5 per cent below the initial asking prices, homes that sold on the second try sold for 13.5 per cent below the asking price.<\/p>\n
Zealty reported that detached homes were \u201chit hardest,\u201d with 43 per cent needing a second listing, and selling a whopping 15 per cent below their first asking price.<\/p>\n
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Zealty.ca\/Supplied<\/p>\n
West Vancouver has seen the most sluggish sales, with 50 per cent of its homes needing a second listing, a median of 105 days from first listing to sale.<\/p>\n
West Vancouver is home to its fair share of luxury real estate, which is a sector of real estate that has been struggling the past couple of years. A report from Sotheby\u2019s International Realty<\/a> Canada found that between Jan. and Aug. 30 of this year, just 57 properties sold for over $4 million, a 25 per cent decrease from the same time in 2025, when 76 homes sold for over $4 million.<\/p>\n What happens next?<\/p>\n