Vancouver East Townhomes
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 a 0.8 percent uptick for the average price of attached units in Greater Vancouver in July compared to June. Last month compared to July 2015 the benchmark price for a townhome rises 29.4 percent. Attached unit sales whither year to year through a 20.7 percent decline.
Last month versus July 2015 Vancouver east townhouse prices increase by 34.9 percent. In July 2016 attached unit sales are 34.9 percent below the previous July. Year to year inventory is 15.5 percent lower.
From June to July east side attached sales show a 28.1 percent decrease. Month to month Vancouver east attached inventory falls off 11.8 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 a 0.8 percent uptick for the average price of attached units in Greater Vancouver in July compared to June. Last month compared to July 2015 the benchmark price for a townhome rises 29.4 percent. Attached unit sales whither year to year through a 20.7 percent decline.
Last month versus July 2015 Vancouver east townhouse prices increase by 34.9 percent. In July 2016 attached unit sales are 34.9 percent below the previous July. Year to year inventory is 15.5 percent lower.
From June to July east side attached sales show a 28.1 percent decrease. Month to month Vancouver east attached inventory falls off 11.8 percent.