VANCOUVER EAST JUNE TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reports that fundamentals like low interest rates and growth in jobs and the economy are maintaining a strong seller’s market. However the frantic pace of early spring has abated and there is an ebb back towards normalcy. Still, last months sales exceed the 10 year average for June by 18.4 percent. Sales of residential properties last month increase 54 percent compared to June 2020. New listings are 1.1 percent more year to year while the total inventory of listed properties is up 5.1 percent June to June. Last month the annual composite value of all properties rises 14.5 percent.
The graph shows a 2.8 percent loss of value from May to June for the average attached unit in Metro Vancouver. Last month compared to the previous June the benchmark townhouse price is up 8.9 percent. Year to year the volume of townhome sales is 60.5 percent higher.
Last month compared to June 2020 Vancouver east townhouse prices rise 14 percent. Year to year attached unit sales are 72.1 percent higher. Inventory is up 12 percent this June versus the previous June.
May to June east side attached sales drop 25.4 percent. Month to month attached inventory gets a 2.4 percent lift.