VANCOUVER WEST 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.
November 2025 versus the previous November, the benchmark price for west side condos is 6.2 percent lower. Vancouver west apartment sales are up 3.8 percent November to November. Year to year west side apartment inventory is 2.5 percent lower.
From October to November, Vancouver west apartment sale are down 3.7 percent. Month to month west side condo inventory falls 30.8 percent.