Vancouver East Townhomes
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points out that 2016 was Metro Vancouver’s third highest for annual sales of Real Estate despite a slowdown in the latter potion of the year. Whether that pullback was the result of government tinkering or from supply catching up with demand will not be confirmed for some time. Comparing 2016 to 2015 (one of the other top 3 years) total sales are down 5.6 percent.
Last month compared to December of 2015 composite value of all Metro Vancouver properties is up 17.8 percent. Residential sales drop 39.4 percent year to year. New listings of all property types are down 35.1 percent December to December while the total inventory of listed properties is up by 5.3 percent annually.
The graph indicates that the average price of attached units in Metro Vancouver is down 1.3 percent in December compared to November. Last month compared to December 2015 the benchmark price for a townhouse rises 20.4 percent. Attached unit sales year to year register a 44.6 percent decline.
Last month versus December 2015 Vancouver east townhouse prices increase 12.2 percent. December this year attached unit sales are 19.3 percent below December 2015. Year to year inventory is down 17.4 percent.
From November to December east side attached sales are back in the doldrums with a 7.4 percent decrease. Vancouver east attached inventory really falls off by 60.4 percent month to month.