VANCOUVER EAST AUGUST APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release reports lower expectations among Sellers prompting a pricing ease in August. As a result, increased transaction volume with Buyers is noted. With an average amount of new listings, the inventory built up during the challenging first part of 2025 is expected to continue diminishing - and that includes higher end properties. This August recorded a 2.9 percent increase in residential sales compared to last August. Year to year newly listed properties are up 2.8 percent while last month’s total inventory is 17.6 percent higher than August 2024. The composite value of all properties is 3.8 percent lower August to August.
The graph shows a 0.9 percent bump from July to August for the average condominium sale price in Metro Vancouver. This August compared to last August, the overall benchmark price of an apartment sees a 4.4 percent decline. Year to year condo sales volume decreases 5.5 percent.
Vancouver east apartment prices are 3.4 percent lower last month than August 2024. August to August east side apartment sales slip 8.5 percent. Year to year east side condo inventory is 3.8 percent lower.
From July to August, east side apartment sales are up 4.8 percent. Month to month inventory falls 27.3 percent.