{"id":11039,"date":"2018-12-10T10:10:34","date_gmt":"2018-12-10T18:10:34","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=11039"},"modified":"2018-12-04T12:08:02","modified_gmt":"2018-12-04T20:08:02","slug":"rebgv-sales-down-43-for-all-home-types-across-metro-vancouver","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/12\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\/","title":{"rendered":"REBGV Sales Down 43% for All Home Types Across Metro Vancouver"},"content":{"rendered":"<p style=\"text-align: justify;\">November home sales across Metro Vancouver were 34.7% below the 10-year average for the month, according to new Real Estate Board of Greater Vancouver data released December 4.<\/p>\n<p style=\"text-align: justify;\">A total of 1,608 sales were recorded across the region in the month, which is a 42.5% drop year-over-year compared with the 2,795 sales in November 2017. It is down 18.2% compared with October.<\/p>\n<p style=\"text-align: justify;\">The decline in sales has led to a growth in available supply and pushed prices down.<\/p>\n<p style=\"text-align: justify;\">\u201cHome buyers have been taking a wait-and-see approach for most of 2018,\u201d said REBGV president Phil Moore. \u201cThis has allowed the number of homes available for sale in the region to return to more typical historical levels.<\/p>\n<p style=\"text-align: justify;\">\u201cThis activity is helping home prices edge down across all property types from the record highs we\u2019ve experienced over the last year.\u201d<\/p>\n<p style=\"text-align: justify;\">The benchmark price for all property types fell 1.4% year-over-year, reaching $1,042,100.<\/p>\n<p style=\"text-align: justify;\">Sales of detached homes fell 38.6% compared with November 2017 to 841 units. The benchmark price dipped 6.5% over the same period to $1,500,100. Apartment sales fell 46.3% to 810 and the price dropped 2.3% to $667,800. Attached property sales fell 36.8% to 282 and the benchmark price increased 2.6% to $818,500.<\/p>\n<p style=\"text-align: justify;\">REBGV data includes sales and prices for Vancouver, West Vancouver, North Vancouver, Burnaby, New Westminster, Coquitlam, Port Coquitlam, Richmond, Port Moody, the Sunshine Coast, Whistler, Squamish, Pitt Meadows, Maple Ridge and South Delta. It does not include Langley or Surrey.<\/p>\n<p><a href=\"https:\/\/biv.com\/article\/2018\/12\/sales-down-43-all-home-types-across-metro-vancouver-november-rebgv\" target=\"_blank\" rel=\"noopener\">REBGV : Sales Down 43% for All Home Types Across Metro Vancouver in November<\/a> by Emma Crawford Hampel | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>November home sales across Metro Vancouver were 34.7% below the 10-year average for the month, according to new Real Estate Board of Greater Vancouver data released December 4. A total &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/12\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-11039","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REBGV Sales Down 43% for All Home Types Across Metro Vancouver &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/12\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"REBGV Sales Down 43% for All Home Types Across Metro Vancouver &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"November home sales across Metro Vancouver were 34.7% below the 10-year average for the month, according to new Real Estate Board of Greater Vancouver data released December 4. A total &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"REBGV Sales Down 43% for All Home Types Across Metro Vancouver\",\"datePublished\":\"2018-12-10T18:10:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/\"},\"wordCount\":248,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/rebgv-sales-down-43-for-all-home-types-across-metro-vancouver\\\/\",\"name\":\"REBGV Sales Down 43% for All Home Types Across Metro Vancouver &#8226; 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