VANCOUVER EAST NOVEMBER TOWNHOME 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.
From October to November the graph shows a 3.4 percent upturn in prices for attached units in Metro Vancouver. Last month compared to November 2024, the benchmark townhouse price is down 4.4 percent. Year to year townhouse sales volume drops 22.4 percent.
Last month compared to November 2024 Vancouver east townhouse prices are down 3.7 percent. Year to year attached unit sales are 17.3 percent lower. From November to November inventory declines 8.3 percent.
From October to November east side attached sales dip 10.1 percent. Month to month attached inventory falls 16.6 percent.