VANCOUVER EAST SEPTEMBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release describes last month’s market conditions as more balanced, with Sellers overcoming their reluctance to list due to fear of higher mortgage rates. With inventory a little above seasonal, pressure softens on prices. Newly listed properties last month are 28.4 percent better than the previous September and total inventory of listed properties increases 9.2 percent year to year. Sales of all residential properties in Metro Vancouver this September rise 13.2 percent compared to last September. The composite value of all properties is 4.4 percent higher September to September.
From August to September the graph shows a modest dip of 0.03 percent in prices for attached units in Metro Vancouver. Last month compared to the previous September, the benchmark townhouse price is up 5.3 percent. Year to year townhouse sales volume is 28.5 percent higher.
This September compared to September 2022 Vancouver east townhouse prices are up 8 percent. Year to year attached unit sales are 3.6 percent lower. Inventory is up 70.8 percent from September to September.
August to September east side attached sales drop 37.2 percent. Month to month attached inventory balloons by 110.3 percent.