So far it’s been single family homes that have seen the biggest drop in sales and prices in Vancouver with condo sales chugging right along. That may be changing. Whether you blame it on market changes or weather, Vancouver condo sales saw a 23.7% drop in December.
Bubble talk might be impacting sales, as they declined significantly across the GVR. 915 sales were logged through the MLS, this represents a 23.7% decline from the month prior. Of those sales, 1 in 4 were in Vancouver West – which only experienced a 19.9% decline from November. Declining sales is expected in December, but this was a 25.3% decrease across the GVR from the same time last year.
Of course prices are still way up from a year ago.
Read the full article over at betterdwelling.com.