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Vancouver Real Estate Market Update - November 2024

As 2024 draws to a close, the year has delivered a strong finish, positioning it as a contender to match or surpass the sales figures of 2023.

November Surge

November saw a remarkable 28% increase in total sales compared to the same period in 2023. However, sales remain 12% below the 10-year average. This indicates a recovering market, with momentum picking up as the year ends.

Buyers on the Move

With interest rates steadily declining, many prospective buyers are seizing the opportunity to secure their dream homes before 2025. The renewed activity reflects growing confidence and urgency in the market.

Inventory and Market Balance

While inventory levels have seen moderate increases, the months of inventory have tightened to 6.07—down from last year. This metric places the market firmly in balanced territory, offering stability for both buyers and sellers.

Pricing and Market Trends

Prices and average days on the market are showing signs of stabilization, contributing to a more predictable real estate environment. Among property types, townhomes have emerged as a standout performer. With inventory levels consistently below six months, townhomes have demonstrated both resilience and appeal. Offering the perfect mix of affordability and space, they remain a preferred choice for families and first-time buyers. Moreover, townhomes align with government housing initiatives focused on expanding this type of housing.

Local Market Insights

Curious about your neighborhood's performance? Download the Snapshot Report tailored to your region. It’s a comprehensive guide to local trends and a must-have resource for informed decisions.

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Planning for 2025?

Whether you're buying or selling, staying informed is crucial. The Snapshot Report offers unparalleled insights to help you navigate the upcoming year with confidence.

Let’s connect—send an email or call me to discuss your real estate goals or simply chat about what’s next in the market.

If you are curious about how your area is performing, make sure to download the free market report below!

溫哥華房地產市場更新 - 2024年11月

隨著 2024 年接近尾聲，房市在年底呈現強勁的表現，使今年的銷售數據有望與 2023 年持平甚至超越。

十一月銷售亮點

十一月的總銷售量同比增長 28%，展現出市場復甦的活力。然而，銷售數據仍低於過去十年平均水平的 12%，顯示市場正逐步走向穩定。

買家行動趨熱

隨著利率持續下降，越來越多買家抓住機會，在 2025 年到來之前完成置業。這股熱潮反映出買家對市場的信心逐漸回升，也彰顯出「早買早安心」的心態。

庫存與市場平衡

儘管庫存水平略有增長，但目前的房屋庫存月數已縮減至 6.07 個月，低於去年同期水準，顯示市場已進入平衡區間，為買賣雙方提供更穩定的交易環境。

價格與市場趨勢

房價與平均成交天數正逐漸趨於穩定，這為市場帶來更多可預測性。在各類物業中，聯排別墅表現尤為突出，其庫存月數始終低於 6 個月，展現出市場的韌性與吸引力。聯排別墅憑藉其兼具空間與經濟性的特點，成為家庭與首次購房者的首選。此外，這類房屋也符合政府擴大住宅供應的政策重點。

掌握在地市場動態

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隨時掌握新上架物件

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為 2025 年做好準備

無論您計劃買房還是賣房，掌握市場資訊至關重要。「Snap Stats報告」提供深入的數據洞察.

有任何房地產相關問題或目標，隨時通過郵件或電話聯絡我，我很樂意與您討論及協助你達成目標！

如果您想了解您所在地區的市場表現，請下載下面的免費市場報告!