Vancouver West Houses
2016 July statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
As we wait to see if the just enacted 15 percent Foreign Buyers Property Transfer Tax will have any effect on the Greater Vancouver Real Estate market the News Release notes that some organic adjustment may already be underway. Although July sales exceeded the 10 year average for the month they looked to be more typical. Metro Vancouver residential sales decline 18.9 percent year to year. New listings of all property types increase 2.5 percent year to year but the total inventory of listed properties is down by 27.4 percent last month compared to July 2015. Composite value is up 32.6 percent July to July.
The graph shows the average price for Greater Vancouver detached properties flattening from June to July with a 0.2 percent dip. The benchmark price for detached houses last month compared to July 2015 is up 38 percent. However the decline in volume of house sales is telling, down 30.9 percent year to year.
Last month versus July 2015 Vancouver west detached prices are 35.4 percent higher. Year to year west side detached sales decrease 30.3 percent. We see an inventory drop of 2.8 percent July to July.
June to July sales of west side houses go down 28.9 percent. Month to month detached inventory is reduced by 17.7 percent.
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
As we wait to see if the just enacted 15 percent Foreign Buyers Property Transfer Tax will have any effect on the Greater Vancouver Real Estate market the News Release notes that some organic adjustment may already be underway. Although July sales exceeded the 10 year average for the month they looked to be more typical. Metro Vancouver residential sales decline 18.9 percent year to year. New listings of all property types increase 2.5 percent year to year but the total inventory of listed properties is down by 27.4 percent last month compared to July 2015. Composite value is up 32.6 percent July to July.
The graph shows the average price for Greater Vancouver detached properties flattening from June to July with a 0.2 percent dip. The benchmark price for detached houses last month compared to July 2015 is up 38 percent. However the decline in volume of house sales is telling, down 30.9 percent year to year.
Last month versus July 2015 Vancouver west detached prices are 35.4 percent higher. Year to year west side detached sales decrease 30.3 percent. We see an inventory drop of 2.8 percent July to July.
June to July sales of west side houses go down 28.9 percent. Month to month detached inventory is reduced by 17.7 percent.