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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 highlights a level of comfort settling in with both Buyers and Sellers as home sales and listing activity attains typical September levels for Metro Vancouver. Townhomes and condos are seeing the most benefit from Buyers now more willing to purchase. Last month residential detached, attached and apartment sales increase 46.3 percent compared to September 2018. Year to year the total inventory of listed properties is up 2.7 percent while new listings are down 7.8 percent in that same time period. September to September the composite value of all Metro Vancouver properties is down 7.3 percent.


The graph shows the average price for Metro Vancouver detached properties in September down from August by 3 percent. The benchmark price for detached homes last month compared to September 2018 is 8.6 percent less. The volume of house sales is 46.7 percent higher year to year.


Last month versus the previous September Vancouver west detached prices drop 10.8 percent. September 2019 versus September 2018 west side house sales rise 60.5 percent. Year to year inventory is down 13.7 percent.


August to September sales of west side houses see a 1.7 percent pick-up. Month to month detached inventory is 44.4 percent higher.