{"id":12591,"date":"2019-05-29T07:55:40","date_gmt":"2019-05-29T14:55:40","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12591"},"modified":"2019-05-29T07:52:21","modified_gmt":"2019-05-29T14:52:21","slug":"metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/05\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\/","title":{"rendered":"Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings"},"content":{"rendered":"<p>Heightened mortgage stress tests and provincial-enacted policies targeting foreign and speculative real estate continue to hammer Metro Vancouver\u2019s housing market, with sales falling by the double-digit percentages and the number of unsold listings continuing to grow.<\/p>\n<p>Of course, some areas of the region have been less affected by unsold supply than others, and a new report for April 2018 by Zoocasa illustrates this.<\/p>\n<p>The White Rock and South Surrey area have the highest level of inventory, with a timeline of 7.4 months required to sell off all available homes. Sales in this area have fallen by 24.3%, and active listings have risen by 32.1%, and such conditions have pulled the local benchmark price down by -6% to $967,800.<\/p>\n<p>Other areas that topped the list for available inventory were North Surrey and North Delta at 5.8 and 5.4 months, respectively. In fact, North Surrey\u2019s active listings skyrocketed by 65.7% to 905 at the end of April, while sales fell by 30%, with the average price down -3% to $774,000.<\/p>\n<p>On the flip side, some areas in the region are still seeing a shortage in supply, which has helped offset price declines in these areas, despite drops in sales.<\/p>\n<p>Port Moody has the least inventory in the region at 2.4 months, and it actually experienced a 5.5% uptick in sales, with prices declining by -7% to an average of $905,200.<\/p>\n<p>As well, New Westminster saw its sales drop by -18% and active listings rise by 20%, bringing total inventory to 2.6 months, with prices falling -9% to $659,300.<\/p>\n<p>But Maple Ridge actually bucked the trend with the number of available listings actually declining by -2.4% from last year to 2.6 months of inventory, with sales still down by 34.2%. A supply shortage has helped retain home values, which remained flat year-over-year at $748,600.<\/p>\n<p>Here is an infographic that provides inventory and price detail for 15 areas in Metro Vancouver :<\/p>\n<p><a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=12600\" rel=\"attachment wp-att-12600\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12600\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/05\/metro-van-inventory-L-1-202x288.jpg\" alt=\"\" width=\"550\" height=\"784\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/05\/metro-van-inventory-L-1-202x288.jpg 202w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/05\/metro-van-inventory-L-1-762x1088.jpg 762w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/05\/metro-van-inventory-L-1.jpg 1072w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/dailyhive.com\/vancouver\/metro-vancouver-inventory-housing-market-april-2018\" target=\"_blank\" rel=\"noopener noreferrer\">Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings<\/a> by Kenneth Chan | Daily Hive<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heightened mortgage stress tests and provincial-enacted policies targeting foreign and speculative real estate continue to hammer Metro Vancouver\u2019s housing market, with sales falling by the double-digit percentages and the number &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/05\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\/\">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-12591","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>Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings &#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\/2019\/05\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Heightened mortgage stress tests and provincial-enacted policies targeting foreign and speculative real estate continue to hammer Metro Vancouver\u2019s housing market, with sales falling by the double-digit percentages and the number &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/05\/metro-van-inventory-L-1.jpg\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings\",\"datePublished\":\"2019-05-29T14:55:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/\"},\"wordCount\":325,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/metro-van-inventory-L-1-202x288.jpg\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/05\\\/metro-vancouver-suburban-areas-seeing-highest-number-of-unsold-home-listings\\\/\",\"name\":\"Metro Vancouver Suburban Areas Seeing Highest Number of Unsold Home Listings &#8226; 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