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Blog by Don Kennedy

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VANCOUVER EAST JANUARY HOUSE MARKET

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release emphasizes steadiness in describing January 2020 Real Estate activity for Metro Vancouver. It also queries whether the spring market will rise to meet the current Buyer demand. Last month residential detached, attached and apartment sales increase 42.4 percent compared to January 2019. Year to year the total inventory of listed properties recedes 20.3 percent while new listings are 20.1 percent lower in that same time period. January to January the composite value of all Metro Vancouver properties is down 1.2 percent.

 

The graph shows the average price for Metro Vancouver detached properties in January falling 4.5 percent from December. The benchmark price for detached homes last month compared to January 2019 is down 1.7 percent. The volume of house sales is 29.5 percent higher year to year.

 

East side house prices year over year are down 3.8 percent. Last month versus December 2019 Vancouver east detached sales are up 20.5 percent. December to December inventory rises 38.4 percent.

 

November to December east side house sales decline 28.4 percent. Month to month east side inventory is up 87.5 percent.

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