VANCOUVER WEST 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.
Vancouver west townhouse prices decline 9.9 percent from November to November. Attached unit sales tumble 37.7 percent year to year. Townhome inventory is 13.8 percent higher this November versus last November.
From October to November Vancouver west attached sales slide 33.8 percent. West side attached inventory drops 29.9 percent month to month.