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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 the average condominium sale price from October to November deflating 2.4 percent. Year to year the overall benchmark price for apartments is up 2.3 percent. Compared to November 2017, this November condo sales volume tumbles 46.3 percent.


Last month versus November 2017 the benchmark price for west side apartments is 3.6 percent lower. November to November Vancouver west condo sales plummet 45.5 percent. Year to year west side apartment inventory is up 1.6 percent.


Vancouver west apartment sales diminish 22.8 percent from October to November. Month to month west side condo inventory registers a 29 percent loss.