VANCOUVER WEST JANUARY HOUSE 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 1.4 percent droop from December to January for the average price of Metro Vancouver detached properties. The benchmark price for houses in January 2025 is 3.1 percent above the previous January. Year to year the volume of detached home sales increases 0.3 percent.
Last month versus January 2024, Vancouver west detached prices are up 1.9 percent. West side house sales see a 10.2 percent decrease year to year. Inventory rises 25.3 percent this January versus the previous January.
From December to January west side house sales decline 25.5 percent. Month to month detached inventory inflates 281.3 percent.