VANCOUVER WEST FEBRUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reflects on last month as having Sellers return to the market, adding 31.1 percent more new listings than February 2023. Total inventory is up 16.3 percent. This mitigates the market tilting into overheated conditions but doesn’t abate the accelerated prices that started the year due to Buyer demand. Residential sales are 13.5 percent higher February to February, the composite value of all properties is 4.5 percent higher year to year and the advantage seems to be moving in favour of Sellers.
From January to February the graph shows a 3.8 percent increase in prices for attached units in Metro Vancouver. Last month compared to February 2023, the benchmark townhouse price is up 4.2 percent. Year to year townhouse sales volume is 10.1 percent higher.
Vancouver west townhouse prices are up 9.7 percent from February to February. Attached unit sales rise 4.5 percent year to year. Townhome inventory is up 23.1 percent this February versus last February.
From January to February west side attached sales balloon 142.1 percent. Month to month, Vancouver west attached inventory sees an increase of 9.8 percent.