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Blog by Don Kennedy

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Vancouver West Townhomes 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 indicates an upswing for the average price of attached units in Metro Vancouver, increasing 3.6 percent this February compared to January. Last month compared to the previous February the benchmark townhouse price increases 18.3 percent. Attached unit sales year to year register a 33.1 percent decline.

 

Last month versus February 2016 Vancouver west townhouse prices increase by 17.9 percent. February 2017 compared to the previous February attached unit sales drop by 46.6 percent. Year to year inventory is 33.6 percent lower.

 

From January to February west side attached sales are up by a healthy 66.7 percent. Month to month Vancouver west attached inventory records a drop of 8.2 percent.

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