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Blog by Don Kennedy

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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 shows the average price for Metro Vancouver detached properties in November up by 3 percent from October. The benchmark price for detached homes last month compared to November 2018 is down 5.8 percent. The volume of house sales is 59.9 percent higher year to year.


East side house prices year over year are down 5.8 percent. Last month versus November 2018 Vancouver east detached sales balloon 86 percent. November to November inventory drops 20.2 percent.


October to November east side house sales show a 1.9 percent reduction. Month to month east side inventory is down 18.1 percent.