VANCOUVER EAST DECEMBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reflects on 2019 as being unconventional. The traditionally robust spring market was dormant as Buyers awaited the effects of various government policies. This resulted in a below average year which none the less experienced much resilience in its second half.
December saw that rebound continue as residential detached, attached and apartment sales increase 88.1 percent compared to December 2018. Year to year the total inventory of listed properties increases 16.3 percent while new listings are up 12.9 percent in that same time period. December to December the composite value of all Metro Vancouver properties is down 3.1 percent.
The graph shows a rise of 3.7 percent from November to December for the average attached unit price in Metro Vancouver. Last month compared to the previous December the benchmark townhouse price declines 2.4 percent. Year to year the volume of townhome sales is stronger by 92.6 percent.
Last month compared to December 2018 Vancouver east townhouse prices are down 1.1 percent. Year to year attached unit sales register a robust 94.4 percent increase. This December, inventory is 18.2 percent below the previous December.
November to December east side attached sales are down 37.5 percent. Month to month attached inventory declines 69 percent.