Vancouver West September Apartment Market
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release touts September as maintaining the recent trend in Real Estate sales for Metro Vancouver by exceeding the 10 year average for its month. However detached house sales remain ‘balanced’ and those numbers might not be so robust were it not for high activity among apartments and townhouses. Year to year sales stay positive in all sectors and September 2017 total residential sales increase 25.2 percent from the previous September. Year to year new listings are 12 percent higher making the total inventory of listed properties rise 1.2 percent September to September. The composite value of all Metro Vancouver properties is up 10.9 percent last month compared to September 2016.
The graph reveals that from August to September the average condominium sale price for Metro Vancouver floats up 2.1 percent. Year to year the overall benchmark price for apartments is up 21.7 percent. The volume of condo sales last month compared to September 2016 rises 19.1 percent.
The benchmark price for west side apartments September to September is 15.8 percent higher. Vancouver west condo sales increase by 22.5 percent year to year. Last month versus September 2016 west side apartment inventory is up 1.6 percent.
Month to month Vancouver west apartment sales falter slightly with a 0.7 percent downturn. September versus August west side condo inventory is 28.7 percent higher.