VANCOUVER WEST OCTOBER HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release repines continued below average sales for all housing sectors across Greater Vancouver as last month registers at 26.8 percent under the October average. Meantime Buyers are enjoying a growing selection and downward pressure on prices. Total October residential sales are down 34.9 percent compared to October 2017. October to October new listings increase 7.4 percent while the total inventory of listed properties is up 42.1 percent year to year. For October 2018 the composite value of all Metro Vancouver properties increases a mere one percent over the previous October.
The graph shows the average price of Metro Vancouver detached properties barely moving up by just 0.03 percent from September to October. The benchmark price for houses last month compared to October 2017 is down 5.1 percent. The volume of house sales is down year to year by 32.2 percent
Last month versus October 2017 Vancouver west detached prices are 9.9 percent lower. Year to year west side house sales go down 38.8 percent. October to October inventory falls 5.9 percent.
September to October this year sales of west side houses do a significant about face, increasing 73.7 percent. Month to month detached inventory is 1.9 percent less.