DonKennedyRealtor.com

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts to answer questions of whether the October surge in sales represents a trend or a one off. It turns out last month was not unique, as November recorded a 28.1 percent boost for residential sales compared to November 2023. The year to year composite value of all properties is 0.9 percent lower and so far inventory has kept prices steady, but a dip in available listings could renew upward pressure on them. November to November newly listed properties are up 10.6 percent. The total inventory is now 21.2 percent higher than November 2023.   The graph shows a 4.7 percent uptick from October to November for the average price of Metro Vancouver detached properties. The benchmark price for houses in November 2024 is one percent above the previous November. Year to year the volume of detached home sales rises 19.7 percent.   Last month versus November 2023, Vancouver west detached prices are down 2.4 percent. West side house sales see an 18.2 percent increase year to year. Inventory this November versus the previous November jumps 33 percent.   From October to November west side house sales decline 15.8 percent. Month to month detached inventory drops 26.5 perce...Click here to read more detail about 'VANCOUVER WEST NOVEMBER HOUSE MAR...'