VANCOUVER EAST OCTOBER HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release repines continued below average sales for all housing sectors across Greater Vancouver as last month registers at 26.8 percent under the October average. Meantime Buyers are enjoying a growing selection and downward pressure on prices. Total October residential sales are down 34.9 percent compared to October 2017. October to October new listings increase 7.4 percent while the total inventory of listed properties is up 42.1 percent year to year. For October 2018 the composite value of all Metro Vancouver properties increases a mere one percent over the previous October.
The graph shows the average price of Metro Vancouver detached properties barely moving up by just 0.03 percent from September to October. The benchmark price for houses last month compared to October 2017 is down 5.1 percent. The volume of house sales is down year to year by 32.2 percent
East side house prices year over year are down 5.5 percent. This October over October 2017 Vancouver east detached sales fall 24.5 percent. October to October inventory is 20.5 percent less.
September compared to October east side house sales stay positive with an increase of 11.1 percent. Month to month east side inventory drops by 11.7 percent.