VANCOUVER WEST JANUARY APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release notes that to start the year, Sellers are now providing the momentum. January to January newly listed properties are up 46.9 percent. The total inventory is now 33.1 percent higher than January 2024. Meantime Buyers remain active this January, which recorded an 8.1 percent rise in residential sales compared to last January. With sales and listings in equilibrium, the year to year composite value of all properties is only 0.5 percent higher.
The graph shows a 0.3 percent dip from December to January for the average condominium sale price in Metro Vancouver. This January compared to last January, the overall benchmark price of an apartment is down 1.7 percent. Year to year condo sales volume improves 13.4 percent.
January 2025 versus the previous January, the benchmark price for west side condos is 4 percent lower. Vancouver west apartment sales decrease 2.2 percent January to January. Year to year west side apartment inventory is up 31.5 percent.
From December to January, Vancouver west apartment sales drop 16.9 percent. Month to month west side condo inventory expands 235.7 percent.