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

Blog by Don Kennedy

<< back to article list

Vancouver West Townhomes

Stats 16 12.pdf

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

 

The News Release resolves that while prices for townhomes and apartments remain stable, detached homes are seeing modest declines month to month due to lower demand relative to supply. However the sales-to-listings percentage has not yet reached that critical point which would traditionally trigger downward pressure on prices. Whatever inference we can draw from this the fact is that composite value of all properties is up 20.5 percent year to year. Metro Vancouver residential sales drop 37.2 percent last month compared to November of 2015. New listings of all property types are down 7.2 percent year to year while the total inventory of listed properties is up by 3.6 percent November to November.

 

The graph tracks a positive about face for the average price of attached units in Greater Vancouver with a 5.3 percent increase in November compared to October. Last month compared to November 2015 the benchmark price for a townhouse rises 23 percent. Attached unit sales year to year register a 40.9 percent decline.

 

Last month versus November 2015 Vancouver west townhouse prices increase by 17.1 percent. November 2016 compared to the previous November attached unit sales drop by 35.3 percent. Year to year inventory is 9.5 percent lower.

 

Unlike other sectors, from October to November west side attached sales increase significantly by 46.7 percent. Month to month Vancouver west attached inventory drops 37.4 percent.

Archives