VANCOUVER EAST NOVEMBER APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release is not upbeat in reporting on November experiencing down market conditions unseen in years. Sellers have had to make adjustments in price expectations as Buyers stay wary despite an ample inventory and steady borrowing costs. A quiet close to 2025 is predicted. This November recorded a 15.4 percent decrease in residential sales compared to last November. Year to year newly listed properties are down 1.3 percent while last month’s total inventory is 14.4 percent higher than November 2024. The composite value of all properties is 3.9 percent lower November to November.
The graph shows a 3.4 percent lift from October to November for the average condominium sale price in Metro Vancouver. This November compared to last November, the overall benchmark price of an apartment is down 5.2 percent. Year to year the volume of condo sales falls 13.2 percent.
Vancouver east apartment prices are 5.7 percent lower last month than November 2024. November to November east side apartment sales are down 16.2 percent. Year to year east side condo inventory drops 30.7 percent.
From October to November, east side apartment sales decrease 9.3 percent. Month to month inventory plummets 37.7 percent.