VANCOUVER WEST NOVEMBER APARTMENT MARKET
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 displays a 2.1 percent uptick from October to November for the average Metro Vancouver condominium sale price. November 2019 compared to the previous November the overall benchmark price for apartments is 3.8 percent lower. Condo sales volume rises 50.9 percent year to year.
Last month compared to November 2018, the benchmark price for west side apartments is 4 percent lower. Vancouver west condo sales are up 47.3 percent November to November. Year to year west side apartment inventory is 23.3 percent lower.
From October to November Vancouver west apartment sales see a 16 percent decrease. Month to month west side condo inventory falls 26.1 percent.