Vancouver Real Estate Stats Nov.2019 | Housing Market

Vancouver Real Estate Stats Nov.2019 | Housing Market

Vancouver Real Estate Stats Nov.2019 | Housing Market

Metro Vancouver Housing Market get back to historical level:

On Dec.03.2019 – real estate market board release a new set of housing report – the stats have gotten back to a historical level – balanced market.

The Real Estate Board of Greater Vancouver (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 – usually in Nov, housing market runs slower than Oct and Sept.

Nov.2019’s sales is 4% above the 10-year November sales average.

The board’s president Ashley said: ” 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.”

Sales to Active ratio in Metro Vancouver: this is quite important:

Property Type Area Benchmark Price Price Index 1 Month Change % 3 Month Change % 6 Month Change % 1 Year Change % 3 Year Change % 5 Year Change % 10 Year Change %
Residential / Composite Lower Mainland $939,600 258.6 0.0% -0.3% -1.5% -4.0% 11.3% 59.2% 81.7%
Greater Vancouver $993,700 258.5 0.1% 0.0% -1.3% -4.6% 7.1% 52.7% 77.9%
Bowen Island $959,400 208.0 -1.5% 0.5% -0.7% -2.3% 17.9% 64.8% 57.3%
Burnaby East $929,800 257.9 0.8% 1.5% -1.1% -4.9% 7.9% 50.5% 77.6%
Burnaby North $859,100 259.4 1.0% -0.4% -2.4% -5.4% 9.8% 56.4% 79.9%
Burnaby South $941,700 266.0 0.4% 0.3% -3.1% -6.1% 9.7% 55.3% 83.6%
Coquitlam $884,000 262.2 0.0% -0.9% -1.2% -4.8% 14.3% 63.8% 90.8%
Ladner $783,600 220.6 0.7% 0.2% -2.5% -6.1% -3.5% 40.2% 59.2%
Maple Ridge $744,600 237.1 -0.3% -0.9% -2.2% -3.1% 19.7% 71.6% 78.7%
New Westminster $638,500 280.9 0.1% 0.2% -3.3% -7.0% 23.5% 69.2% 89.4%
North Vancouver $1,021,600 229.6 0.2% -0.5% -1.6% -4.7% 2.2% 46.1% 66.0%
Pitt Meadows $724,800 263.5 -1.3% -2.0% -2.1% -4.6% 22.7% 74.7% 92.3%
Port Coquitlam $738,800 252.9 1.5% 1.4% -1.0% -2.9% 20.0% 69.4% 79.7%
Port Moody $893,300 246.9 -0.2% -1.2% -1.4% -5.1% 16.8% 63.9% 82.5%
Richmond $907,500 269.8 -0.3% 0.4% -1.4% -5.4% 5.8% 53.5% 79.7%
Squamish $776,600 247.1 -1.0% -0.7% 1.6% 3.0% 21.2% 80.8% 97.4%
Sunshine Coast $593,400 207.9 -1.7% 0.6% -2.0% -2.9% 20.8% 68.5% 57.4%
Tsawwassen $912,000 228.6 0.4% -1.0% -1.6% -6.5% -4.9% 45.2% 67.8%
Vancouver East $1,044,000 306.5 0.6% 1.0% -0.9% -4.5% 4.6% 53.9% 94.4%
Vancouver West $1,224,700 255.2 -0.2% -0.1% -0.7% -5.3% -1.9% 39.2% 68.8%
West Vancouver $2,094,400 230.6 0.0% 0.0% 1.2% -7.6% -14.5% 27.3% 68.3%
Whistler $917,800 213.9 0.0% -0.2% 3.3% 4.9% 28.4% 80.5% 73.1%
Single Family Detached Lower Mainland $1,215,300 257.7 0.2% 0.3% -0.8% -4.3% -0.3% 49.7% 85.0%
Greater Vancouver $1,415,400 260.4 0.3% 0.6% -0.5% -5.8% -6.7% 40.9% 81.0%
Bowen Island $959,400 208.0 -1.5% 0.5% -0.7% -2.3% 17.9% 64.8% 57.3%
Burnaby East $1,159,600 259.3 0.5% -0.5% -0.3% -4.0% -1.0% 43.7% 80.4%
Burnaby North $1,380,700 267.0 1.1% 0.4% -1.9% -6.1% -9.2% 40.2% 83.9%
Burnaby South $1,486,200 284.5 0.9% 1.2% -1.5% -7.8% -9.5% 43.1% 96.7%
Coquitlam $1,154,800 256.3 0.3% -0.2% -0.8% -6.1% -0.9% 50.1% 87.1%
Ladner $920,500 221.9 0.4% -1.9% -5.4% -3.0% -9.5% 41.2% 64.0%
Maple Ridge $803,500 228.9 -0.1% -1.8% -2.3% -3.2% 12.6% 67.3% 77.7%
New Westminster $1,023,800 255.4 0.7% -0.9% -2.2% -6.1% 0.1% 43.6% 76.1%
North Vancouver $1,497,500 235.8 2.2% 1.5% -0.7% -4.7% -8.7% 42.8% 72.1%
Pitt Meadows $872,600 245.9 -1.0% -2.1% -0.9% -2.5% 9.9% 67.1% 82.3%
Port Coquitlam $931,200 248.3 1.8% 2.5% 1.0% -4.8% 6.5% 59.2% 80.7%
Port Moody $1,395,400 257.7 0.1% -1.8% -0.7% -6.9% 1.2% 51.9% 89.1%
Richmond $1,490,800 288.8 -0.7% 2.2% -0.9% -7.2% -10.2% 41.2% 87.2%
Squamish $979,400 258.1 -0.7% -1.7% 3.4% 3.6% 18.8% 79.7% 99.8%
Sunshine Coast $588,000 206.0 -1.7% 0.6% -2.0% -3.0% 20.3% 67.8% 56.1%
Tsawwassen $1,142,000 245.9 1.0% -1.8% -1.1% -4.7% -6.6% 51.0% 83.1%
Vancouver East $1,377,100 306.3 1.2% 2.3% 2.2% -5.8% -6.7% 43.8% 104.1%
Vancouver West $2,904,200 297.8 -0.3% 0.8% -0.8% -9.3% -17.4% 25.0% 82.7%
West Vancouver $2,544,400 240.2 0.8% 1.0% 1.1% -7.1% -16.7% 26.4% 77.8%
Whistler $1,634,700 227.4 -1.5% -0.4% 3.7% 4.5% 18.4% 65.0% 74.3%

Want to find out more Vancouver real estate Stats for Oct, Sept, and Aug. 2019; please check our blog pages.