VANCOUVER EAST NOVEMBER APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release welcomes a continuation of historically typical Buyer activity for November, with sales 4 percent above the 10 year average for that month. That’s only the second time this year that a month’s 10 year average has been bested. Last month residential detached, attached and apartment sales increase 55.3 percent compared to November 2018. Year to year the total inventory of listed properties dips 12.5 percent while new listings are down 13.7 percent in that same time period. November to November the composite value of all Metro Vancouver properties is down 4.6 percent.
The graph displays a 2.1 percent uptick from October to November for the average Metro Vancouver condominium sale price. November 2019 compared to the previous November the overall benchmark price for apartments is 3.8 percent lower. Condo sales volume rises 50.9 percent year to year.
Vancouver east apartment prices last month versus the previous November are 3.9 percent lower. November to November east side apartment sales skyrocket up 61.1 percent. East side condo inventory declines 5.9 percent year to year.
This October to November east side apartment sales decrease by 10.5 percent. Inventory is down by 19.7 percent month to month.