Vancouver West Townhomes
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points to recent legislation enacted by various levels of government compounded by a market already in flux as precipitators of a marked hesitation now among Real Estate Buyers and Sellers. Metro Vancouver residential sales drop 38.8 percent last month compared to October of 2015. New listings of all property types are down 3.5 percent year to year while the total inventory of listed properties is down by 4.5 percent October to October. Regardless of flagging sales the composite value of all properties is up 24.8 percent year to year.
The graph shows a backtracking for the average price of attached units in Greater Vancouver via a 2.4 percent drop in October compared to September. Last month compared to October 2015 the benchmark price for a townhome rises 25.7 percent. Attached unit sales year to year register a 39.5 percent decline.
Last month versus October 2015 Vancouver west townhouse prices increase by 35.4 percent. However October 2016 compared to the previous October attached unit sales significantly drop by 61.5 percent. Year to year inventory is 2.2 percent lower.
From September to October west side attached sales show an 18.9 percent decrease. Month to month Vancouver west attached inventory increases 5.8 percent.