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Blog by Don Kennedy

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Vancouver East September House Market

September stats

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release touts September as maintaining the recent trend in Real Estate sales for Metro Vancouver by exceeding the 10 year average for its month. However detached house sales remain ‘balanced’ and those numbers might not be so robust were it not for high activity among apartments and townhouses. Year to year sales stay positive in all sectors and September 2017 total residential sales increase 25.2 percent from the previous September. Year to year new listings are 12 percent higher making the total inventory of listed properties rise 1.2 percent September to September. The composite value of all Metro Vancouver properties is up 10.9 percent last month compared to September 2016.

 

The graph shows a positive inversion for the average price of Metro Vancouver detached properties with a 3.2 percent increase from August to September. The benchmark price for detached houses last month compared to September 2016 is up 2.9 percent. The volume of house sales is up 27.9 percent year to year.

 

East side house prices this September record a 1.8 percent increase over September 2016. Year to year Vancouver east detached sales stay strong via a 53.2 percent jump. This while September to September inventory is down 6.1 percent.

 

August to September east side house sales fall 16.7 percent. Month to month the inventory increases 32.4 percent.