VANCOUVER WEST NOVEMBER HOUSE 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 shows the average price for Metro Vancouver detached properties in November up by 3 percent from October. The benchmark price for detached homes last month compared to November 2018 is down 5.8 percent. The volume of house sales is 59.9 percent higher year to year.
Last month versus the previous November Vancouver west detached prices decline 9.3 percent. November 2019 versus November 2018 west side house sales are up 6.5 percent. Year to year inventory is down 8.2 percent.
October to November sales of west side houses see a 16.7 percent decline. Month to month detached inventory is 27.6 percent lower.