Uptick in Vancouver home sales last month caps ‘pivot year’ for market: board [Video]

Greater Vancouver home sales rose 31.2 per cent on a year-over-year basis in December, capping a “pivot year” for the market that saw the number of homes changing hands in the region tick higher.

The region’s 1,765 home sales last month were still 14.9 per cent below the 10-year seasonal average for December, Greater Vancouver Realtors said Friday.

The real estate board said there were 1,676 newly listed properties, up 26.3 per cent from December 2023.

The composite benchmark price was $1,171,500, up 0.5 per cent from a year earlier and 0.1 per cent below November’s level.

“Although sales activity had a slower start to the year, price trends began 2024 on the rise and closed out the year on a flatter trajectory,” Andrew Lis, the board’s director of economics and data analytics, said in a press release.

“With the data showing renewed strength to finish the year, however, it …