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Blog by Don Kennedy

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Vancouver East Townhomes 17 8

August Stats

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


The News Release records August as above the 10 year average for Real Estate sales in Metro Vancouver. However drilling down we see that detached houses are in a ‘balanced’ phase and it is strata properties actually bolstering the numbers thanks to first time Buyers. Still last month for the first time in 2017 year to year sales are positive in all sectors where up until May those numbers were half of the corresponding month in 2016. In August 2017 total residential sales increase 22.3 percent from the previous August. Year to year total inventory of listed properties is up by 3.5 percent but new listings are 1.1 percent lower. August to August the composite value of all Metro Vancouver properties is up 9.4 percent.


The graph illustrates an increase of 3.8 percent for the average attached unit price in Metro Vancouver this August compared to July. Last month compared to August 2016 the benchmark townhouse price increases 12.8 percent. Year to year the volume of townhome sales are up 22.7 percent.


Last month versus August 2016 Vancouver east townhouse prices increase 8.8 percent. Year to year attached unit sales are higher by 29.1 percent. August this year inventory is at par with last August.


East side attached sales drop 31.1 percent from July to August. Month to month Vancouver east attached inventory falls 29.6 percent.