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Vancouver West Houses 3 17

Stats 17 4.pdf

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

 

The News Release presents a reversion to above average sales for the month of March and forecasts price softening as unlikely since the Metro Vancouver demand remains greater than the housing supply. Homeowners are displaying a great reluctance to sell, particularly in the condo and townhouse markets. New listings last month have not been so low since 2009 and are 29.1 percent lower than March 2016. The total inventory of listed properties is up by 3.1 percent annually. Year to Year the composite value of all Metro Vancouver properties is up 12.7 percent. Residential sales drop 30.8 percent year to year.

 

The graph shows the average price for Metro Vancouver detached properties pulling back a bit, declining 2.5 percent from February to March. The benchmark price for detached houses last month compared to March 2016 is up 10.9 percent. The volume of house sales is down 46.1 percent year to year.

 

Last month versus March 2016 Vancouver west detached prices are 12.7 percent higher. Year to year west side house sales fall by 56.6 percent. March to March inventory is down by 34.5 percent.

 

February to March sales of west side houses stay positive, up by 2.2 percent. Month to month detached inventory increases 17.5 percent.

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