VANCOUVER EAST NOVEMBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release welcomes a continuation of historically typical Buyer activity for November, with sales 4 percent above the 10 year average for that month. That’s only the second time this year that a month’s 10 year average has been bested. Last month residential detached, attached and apartment sales increase 55.3 percent compared to November 2018. Year to year the total inventory of listed properties dips 12.5 percent while new listings are down 13.7 percent in that same time period. November to November the composite value of all Metro Vancouver properties is down 4.6 percent.
The graph shows a drop of 4 percent from October to November for the average attached unit price in Metro Vancouver. Last month compared to the previous November the benchmark townhouse price declines 4.4 percent. Year to year the volume of townhome sales is stronger by 59.9 percent.
Last month compared to November 2018 Vancouver east townhouse prices are down 1.3 percent. Year to year attached unit sales experience a large 80.6 percent increase. This November inventory is 9.3 percent below the previous November.
October to November east side attached sales are up 24.4 percent. Month to month attached inventory declines 35.6 percent.