highlights • Resaleactivitypicked up considerablyin theVancouverRegion with 3,872 M LS salesin O ctober, thethird-m ostofanym onth in 2024.Salesof4,209 in Aprilrem ainsthepeak thisyear,folowed by4,135in M ay. • The40% m onth-over-m onth increasewasm orethan fivetim esgreaterthan thetypical8% Septem ber-to-O ctobergain.Clearly,thisism orethan justafunction ofseasonality,w ith low er interestrates,pent-up dem and,and elevated inventorypuling m orebuyersof thesidelines. • Totalsalesrem ained 8% below theprior10-yearO ctoberaverage(of4,201).Condo saleswere aboveaverage(+4%,to1,787),whilesalesfortownhom es(-10%,to732)and detached hom es (-26%,to1,204)wereboth below average.
VANCOUVERREGION THERENNIEADVANCE sales
OCTOBER 2024
4,000
+ 32% vsOct2023
3,500
3,000
2,500
2,000
1,618 10 yrOctAvg
1,500
1,000
DETACHED sales
1,204
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 26% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
+ 41% vsOct2023
1,000 1,200 1,400 1,600
815 10 yrOctAvg
200 400 600 800
732
TOWNHOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 10% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
3,500
+ 31% vsOct2023
3,000
2,500
2,000
1,712 10 yrOctAvg
1,500
1,787
1,000
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 4% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
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