VANCOUVER EAST MARCH HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release observes this year beginning like 2023 when we saw a flat start only to witness momentum gaining through spring and into summer. Meantime paradoxically, the experience last month was a Buyers market absent of Buyers. You have to go back to March of 2019 for sales as low as this March yet mortgage rates are low, prices are easing and there is ample inventory. Year to year newly listed properties are up 29 percent. The total inventory is now 37.9 percent higher than March 2024. Meantime this March recorded a 13.4 percent decrease in residential sales compared to last March. The composite value of all properties is 0.6 percent lower March to March.
The graph shows a 0.7 percent uptick from February to March for the average price of Metro Vancouver detached properties. The benchmark price for houses in March 2025 is 0.8 percent above the previous March. Year to year the volume of detached home sales go down 24.1 percent.
March 2025 east side house prices are at par with the previous March. Year over year Vancouver east detached sales dip 10.4 percent. March to March east side inventory rises 31.4 percent.
From February to March east side house increase 27.8 percent. Month to month east side inventory jumps 36.8 percent.