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Blog by Don Kennedy

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Vancouver West Townhome Market

Stats 17 12.pdf
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release quotes “homebuyer activity is operating above our long term averages” as Metro Vancouver Real Estate exceeds the 10 year sales average for November by 17 percent. The apartment and attached sectors continue to be the darlings of the industry while the sales-to-active listings ratio for detached properties suggests a levelling on that front. November 2017 total residential sales increase 26.2 percent from last November. Year to year new listings are 30.6 percent higher while total inventory of listed properties inches up 4.3 percent November to November. The composite value of all Metro Vancouver properties is up 14 percent last month compared to November 2016.

The graph records an increase of 1.7 percent for the average attached unit price in Metro Vancouver this November compared to October. Last month compared to November 2016 the benchmark townhouse price increases 17.9 percent. Year to year the volume of townhome sales is up 18.6 percent.
Last month versus November 2016 Vancouver west townhouse prices rise by 13.4 percent. This November compared to last November attached unit sales decrease by 4.5 percent. Year to year inventory is 49.1 percent higher.

From October to November west side attached sales are less by 22.2 percent. Month to month Vancouver west attached inventory is 14.1 percent lower.