VANCOUVER EAST FEBRUARY HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release assumes that some of the most favourable conditions since before the pandemic are approaching for Buyers, who may get another break on interest rates this month. We should see a flat trajectory for prices and a fairly balanced spring, even though Sellers have slowed in coming to the market. February to February newly listed properties are up only 10.9 percent. The total inventory is now 32.3 percent higher than February 2024. Meantime this February recorded an 11.7 percent decrease in residential sales compared to last February. The year to year composite value of all properties is 1.1 percent lower.
The graph shows a 1.4 percent pick-up from January to February for the average price of Metro Vancouver detached properties. The benchmark price for houses in February 2025 is 1.8 percent above the previous February. Year to year the volume of detached home sales decrease 14.8 percent.
February 2025 versus the previous February, east side house prices are 1.6 percent higher. Year over year Vancouver east detached sales fall 15.6 percent. February to February east side inventory rises 26.7 percent.
From January to February east side house sales soar, up 74.2 percent. Month to month east side inventory has a 6.9 percent lift.