VANCOUVER WEST APRIL TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April 2017. Total inventory of listed properties is up 25.7 percent year to year bolstered by an 18.6 increase in new listings. The composite value of all Metro Vancouver properties increases 14.3 percent this April over the previous April.
The graph displays a dip of 3.4 percent from April to March for the average attached unit price in Metro Vancouver. Last month compared to April 2017 the benchmark townhouse price repeats a 12 month increase of 17.7 percent. Year to year the volume of townhome sales is down 25.2 percent.
Last month versus April 2017 Vancouver west townhouse prices are up 10.1 percent. This April compared to last April attached unit sales are down 24.2 percent. Year to year inventory is 43.3 percent higher.
From March to April west side attached sales about face with a 20.5 percent increase. Month to month Vancouver west attached inventory balloons 43.3 percent.