DonKennedyRealtor.com

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release observes this year beginning like 2023 when we saw a flat start only to witness momentum gaining through spring and into summer. Meantime paradoxically, the experience last month was a Buyers market absent of Buyers. You have to go back to March of 2019 for sales as low as this March yet mortgage rates are low, prices are easing and there is ample inventory. Year to year newly listed properties are up 29 percent. The total inventory is now 37.9 percent higher than March 2024. Meantime this March recorded a 13.4 percent decrease in residential sales compared to last March. The composite value of all properties is 0.6 percent lower March to March.   The graph shows a 0.7 percent uptick from February to March for the average price of Metro Vancouver detached properties. The benchmark price for houses in March 2025 is 0.8 percent above the previous March. Year to year the volume of detached home sales go down 24.1 percent.   Last month versus March 2024, Vancouver west detached prices are up 0.1 percent. West side house sales see an18.8 percent drop year to year. This March versus the previous March, inventory rises 20.7 percent.   From February to March west side house sales increase 44.4 percent. Month to month detached inventory is up by 18.6 perce...Click here to read more detail about 'VANCOUVER WEST MARCH HOUSE MAR...'