VANCOUVER WEST JUNE HOUSE 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 an increase of 2.4 percent from May to June in the average price for Metro Vancouver detached properties. The benchmark price for detached homes this June is 22 percent higher than last June. The volume of house sales is up 45.7 percent year to year.
Last month versus the previous June, Vancouver west detached prices increase 12.4 percent. Year to year west side house sales are 44.4 percent higher. June 2021 Inventory is up 36.4 percent compared to the previous June.
From May to June west side house sales dip 1.7 percent. Month to month detached inventory is 17.4 percent lower.