INFOGRAPHICS: November 2019 REBGV Greater Vancouver Market Reports
In the blink of an eye, we’ve reached the end of the year! Today, here’s our monthly market update for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!
As noted in REBGV’s most recent market update, after a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver.
The REBGV reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3% increase from the 1,608 sales recorded in November 2018, and a 12.6% decline from the 2,858 homes sold in October 2019.
Last month’s sales were 4% above the 10-year November sales average.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,770, a 12.5% decrease compared to November 2018 (12,307) and a 12% decrease compared to October 2019 (12,236).
Ashley Smith, REBGV president remarks,
“We started to see more home buyer confidence in the summer and this trend continues today. It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.
“In today’s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point. To better understand the changing trends in your neighbourhood and property type of choice, it’s important to work with your local REALTOR®.”
The following data is a comparison between November 2018 and November 2019 numbers, and is current as of December 2019. For last month’s update, you can check out our previous post for October 2019 data.
These infographics cover current trends in North Vancouver, West Vancouver, Vancouver East, and Vancouver West.
Click on the images for a larger view!
(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )