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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 labels last month as the November with the lowest sales since the dark days of 2008, and that edged home prices down across all property types anywhere from four to seven percent. Total residential sales this November are down 42.5 percent compared to November 2017. November to November new listings decline 15.8 percent but the total inventory of listed properties is up 40.7 percent. November 2018 over the previous November the composite value of all Metro Vancouver properties decreases 1.4 percent


The graph shows a slight loss of 0.4 percent from October to November for the average attached unit price in Metro Vancouver. Last month compared to November 2017 the benchmark townhouse price is down by 2.6 percent. Year to year the volume of townhome sales is down 36.8 percent.


Last month versus November 2017 Vancouver east townhouse prices decrease 3.6 percent. Year to year attached unit sales decline by 39.2 percent. This November inventory is 24.7 percent less than the previous November.


October to November east side attached sales are reduced by 11.4 percent. Month to month Vancouver east attached inventory is 15.8 percent lower.