VANCOUVER EAST DECEMBER APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reflects on 2024 as having a sales increase of 1.2 percent over 2023 while also noting the year being 20.9 percent below the annual sales average. There is also optimism, as the year ended not on a downturn but an upswing expected to carry on into 2025.
Last month recorded a 31.2 percent rise in residential sales compared to December 2024. The year to year composite value of all properties is 0.5 percent higher. December to December newly listed properties are up 26.3 percent. The total inventory is now 24.4 percent higher than December 2024.
The graph shows a 1.4 percent improvement from November to December for the average condominium sale price in Metro Vancouver. This December compared to last December, the overall benchmark price of an apartment dips 0.1 percent. Year to year condo sales volume rises 23.9 percent.
Vancouver east apartment prices are 4.3 percent better last month versus December 2024. December to December east side apartment sales are up by a strong 48.4 percent. Year to year east side condo inventory inches up 4.7 percent.
From November to December, east side apartment sales are down 21.4 percent. Month to month inventory drops 67.3 percent.