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Blog by Don Kennedy

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Vancouver West Townhomes

May Statistics

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result is that although the inventory of new listings last month is 11.5 percent higher than May 2015, the total inventory of listed properties is down by 37.3 percent year to year. Composite value is up 29.7 percent May to May.

The graph shows a 3.6 percent increase for the average price of attached units in Greater Vancouver in May 2016 compared to this April. Last month compared to May 2015 the benchmark price for a townhome rises 24.9 percent. Attached unit sales improve year to year by 2.9 percent.

Last month versus May 2015 Vancouver west townhouse prices increase by 30.5 percent. In May 2016 attached unit sales are 6.4 percent under that of the previous May. Year to year inventory is 6.8 percent lower.

From April to May west side attached sales show a 1.1 percent decrease. Month to month Vancouver west attached inventory increases by 5.8 percent.