VANCOUVER WEST NOVEMBER HOUSE 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 decline from October to November for the average price of Metro Vancouver detached properties. The benchmark price for houses in November 2025 is 4.3 percent below the previous November. Year to year the volume of detached home sales goes down 13.6 percent.
Last month versus November 2024, Vancouver west detached prices are 4.5 percent lower. West side house sales drop 9.2 percent year to year. Inventory recedes 4.8 percent this November compared to the previous November.
From October to November west side house sales fall 13.2 percent. Month to month detached inventory drops 43.9 percent.