VANCOUVER WEST OCTOBER APARTMENT 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 condominium sale price from September to October enjoying a rise of 4.2 percent. Year to year the overall benchmark price for apartments is up 5.8 percent. This October compared to October 2017 the volume of condo sales decreases by 35.7 percent.
Last month versus October 2017 the benchmark price for west side apartments is 0.4 percent higher. October to October Vancouver west condo sales plummet 31.5 percent. Year to year west side apartment inventory is boosted by 16.4 percent.
Vancouver west apartment sales are up by 28.8 percent from September to October. Month to month west side condo inventory inches up 2.8 percent.