• fax: 1-866-743-3439
  • toll-free: 1-877-366-7327

Blog by Don Kennedy

<< back to article list

Vancouver West Houses 2 2017

Stats 17 3.pdf

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

 

The News Release notes continued below average sales for this February albeit by a diminished margin compared to recent months. As contributing factors, unusual snow accumulation now joins a short supply not meeting demand. We have to go back fourteen years to match the low number of new listings of all property types last month which are down 36.9 percent February to February. The total inventory of listed properties is up by 4 percent annually. Last month compared to February of 2016 the composite value of all Metro Vancouver properties is up 14 percent. Residential sales drop 41.9 percent year to year.

 

The graph shows the average price for Metro Vancouver detached properties surges back up by 17.1 percent from January to February. The benchmark price for detached houses last month compared to February 2016 is up 12.9 percent. The volume of house sales is down 58.1 percent year to year.

 

Last month versus February 2016 Vancouver west detached prices are 13.9 percent higher. Year to year west side house sales fall by 58.8 percent. February to February inventory is down by 59.7 percent.

 

January to February sales of west side houses soar however, up by 158.3 percent. This while month to month detached inventory diminishes 46.3 percent.

Archives