VANCOUVER EAST SEPTEMBER APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release has welcome talk of negative policy and political impacts on Vancouver Real Estate in recent years now fading. Of prime importance is the interest rate which has eased a lot and is expected to be reduced again this fall. More purchasing power, lower prices and high inventory provide conditions very favourable for Buyers. Stabilizing market activity for the rest of the year is the current expectation. This September recorded a 1.2 percent increase in residential sales compared to last September. Year to year newly listed properties are up 6.2 percent while last month’s total inventory is 14.4 percent higher than September 2024. The composite value of all properties is 3.2 percent lower September to September.
The graph shows a 6.2 percent decline from August to September for the average condominium sale price in Metro Vancouver. This September compared to last September, the overall benchmark price of an apartment sees a 0.8 percent dip. Year to year the volume of condo sales rises 1.5 percent.
Vancouver east apartment prices are five percent lower last month than September 2024. September to September east side apartment sales are down 6.5 percent. Year to year east side condo inventory is up 5.2 percent.
From August to September, east side apartment sales escalate 34.7 percent. Month to month inventory shoots up 96 percent.