highlights • Therewere5,057 new M LS listingslastm onth— 28% fewerthan in O ctober.W hilethisisgreater than thetypicalO ctober-to-N ovem berdeclineof22%,lastm onth’snew listingscam ein at2% les than thepast-decadeN ovem beraverage(of5,159)and 10% higherthan oneyearago. • O n am onth-over-m onth basis,new listingsforal hom etypeswerelower:detached listingswere down by32% (to1,708),townhom elistingsweredown by29% (to841)and condolistingswere down by25% (to2,331). • N ovem ber’snew listingswereup on ayear-over-yearbasisforal hom etypes,with detached hom elistings9% higher,townhom elistings12% higher,and condolistings10% higher.
VANCOUVERREGION THERENNIEADVANCE new listings
NOVEMBER 2023
7,000
+ 9% vsN ov2022
6,000
5,000
4,000
2,043 10 yrNovAvg
3,000
2,000
DETACHED new listings
1,708
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1,000
- 16% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 12% vsN ov2022
2,500
2,000
1,500
886 10 yrNovAvg
1,000
TOWNHOME new listings
841
500
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 5% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
5,000
+ 10% vsN ov2022
4,000
3,000
2,131 10 yrNovAvg
2,000
2,331
CONDO new listings
1,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 9% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
Copyright© Decem ber1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber1,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E.
●
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online