Home sales across the region took a drubbing in October, plummeting 34.9% compared with the same month a year ago.
The Real Estate Board of Greater Vancouver (REBGV) reported November 2 the region tallied 1,966 sales last month.
That is down from October 2017’s 3,022 sales, but up 23.3% from September when 1,595 home sales were recorded.
The benchmark price for a single-family detached home in Vancouver’s West Side came in at $3,267,800 in October, up 0.4% from September.
In east Vancouver, the benchmark price fell 1.5% to land at $1,480,700.
The benchmark price for all housing types across the region fell 0.8% to $995,500 between September and August.
Meanwhile, a steady supply of homes hit the market last month.
The REBGV reported 12,984 homes were up for sale — up 42.1% from a year earlier.
Note: a previous version of the story stated Metro Vancouver experienced a 23.3% decrease in sales between September and October. It was, in fact, a 23.3% increase.
