VANCOUVER EAST OCTOBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release credits receding prices and low interest rates for a boost in buyer confidence. As a result October recorded sales above its 10 year month’s average for the first month in 2019. The sales-to-listings ratio suggests that even detached houses are being distanced from the danger zone. Last month residential detached, attached and apartment sales increase 45.4 percent compared to October 2018. Year to year the total inventory of listed properties dips 5.8 percent while new listings are down 16.4 percent in that same time period. October to October the composite value of all Metro Vancouver properties is down 6.4 percent.
The graph shows an increase from September to October of 7.8 percent for the average attached unit price in Metro Vancouver. Last month compared to the previous October the benchmark townhouse price declines 5.8 percent. Year to year the volume of townhome sales is stronger by 55.8 percent.
Last month compared to October 2018 Vancouver east townhouse prices are down 1.9 percent. Year to year attached unit sales increase 28.6 percent. This October inventory is 18.4 percent higher than the previous October.
September to October east side attached sales are up 21.6 percent. Month to month attached inventory declines 15.9 percent.