Vancouver East Townhomes 4 17
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release lauds sales returning an above 10 year April average while lamenting a sparse supply. Although activity is below the record set a year ago the conclusion is that upward pressure on prices is a given, particularly regarding the condo and townhouse markets where Sellers will have the upper hand this spring. New listings last month are 19.9 percent lower than April 2016. The total inventory of listed properties is up by 3.5 percent annually. April to April the composite value of all Metro Vancouver properties is up 11.4 percent. Residential sales drop 25.7 percent year to year.
The graph repeats a minor uptick of 0.3 percent for the average price of attached units in Metro Vancouver this April compared to March. Last month compared to the previous April the benchmark townhouse price increases 15.3 percent. Attached unit sales year to year register a 10.8 percent decline.
Last month versus April 2016 Vancouver east townhouse prices increase 6 percent. Year to year attached unit sales are lower by 5.9 percent. April this year inventory is 43.6 percent lower than last April.
From March to April east side attached sales remain positive with an increase of 6.7 percent. Month to month Vancouver east attached inventory really balloons, up 54.9 percent.