VANCOUVER WEST NOVEMBER HOUSE MARKET
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 healthy 5.2 percent increase from October to November for the average price of Metro Vancouver detached properties. The benchmark price for houses last month compared to November 2017 is down 6.5 percent. The volume of house sales is down year to year by 38.6 percent
Last month versus November 2017 Vancouver west detached prices are 10.3 percent lower. Year to year west side house sales go down 26.5 percent. November to November inventory falls 10 percent.
October to November this year sales of west side houses drop 7.6 percent. Month to month detached inventory is markedly less, by 35.3 percent.