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Blog by Don Kennedy

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Vancouver East Townhomes 2 2017

Stats 17 3.pdf

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

 

The News Release notes continued below average sales for this February albeit by a diminished margin compared to recent months. As contributing factors, unusual snow accumulation now joins a short supply not meeting demand. We have to go back fourteen years to match the low number of new listings of all property types last month which are down 36.9 percent February to February. The total inventory of listed properties is up by 4 percent annually. Last month compared to February of 2016 the composite value of all Metro Vancouver properties is up 14 percent. Residential sales drop 41.9 percent year to year.

 

The graph indicates an upswing for the average price of attached units in Metro Vancouver, increasing 3.6 percent this February compared to January. Last month compared to the previous February the benchmark townhouse price increases 18.3 percent. Attached unit sales year to year register a 33.1 percent decline.

 

Last month versus February 2016 Vancouver east townhouse prices increase 8.4 percent. Year to year attached unit sales are lower by 22.2 percent. February this year inventory is 36.3 percent lower than last February.

 

From January to February east side attached sales take off with an increase of 133.3 percent. Month to month Vancouver east attached inventory is up 46.3 percent.

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