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Blog by Don Kennedy

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Vancouver West September Townhouse 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 records a marginal increase of 0.3 percent for the average attached unit price in Metro Vancouver this September compared to August. Last month compared to September 2016 the benchmark townhouse increases in price 14.5 percent. Year to year the volume of townhome sales is up 40.4 percent.


Last month versus September 2016 Vancouver west townhouse prices rise by 11.7 percent. This September compared to last September attached unit sales balloon by 72.9 percent. Year to year inventory is 19.7 percent higher.


From August to September west side attached sales improve 14.3 percent. Month to month Vancouver west attached inventory inflates 41.1 percent.