VANCOUVER WEST DECEMBER TOWNHOME MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release verifies that last January’s forecast of downside risks regarding 2025 Metro Vancouver Real Estate did indeed come to fruition. With a 10.4 percent decrease over 2024, last year shows the lowest annual residential sales total in over 20 years. This does however leave favourable conditions to start 2026 with lower prices and borrowing costs along with a healthy inventory.
Last month recorded a 12.9 percent decrease in residential sales compared to the previous December. Year to year newly listed properties are up 10.3 percent while last month’s total inventory is 14.6 percent higher than December 2024. The composite value of all properties is 4.5 percent lower December to December.
From November to December the graph shows a 1.7 percent dip in prices for attached units in Metro Vancouver. Last month compared to December 2024, the benchmark townhouse price is down five percent. Year to year townhouse sales volume drops 18.3 percent.
Vancouver west townhouse prices recede 7.4 percent from December to December. Attached unit sales go down ten percent year to year. Townhome inventory is 32.6 percent higher this December versus last December.
From November to December Vancouver west attached sales decline 16.3 percent. West side attached inventory drops 54 percent month to month.