Vancouver West Townhomes 3 17
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release presents a reversion to above average sales for the month of March and forecasts price softening as unlikely since the Metro Vancouver demand remains greater than the housing supply. Homeowners are displaying a great reluctance to sell, particularly in the condo and townhouse markets. New listings last month have not been so low since 2009 and are 29.1 percent lower than March 2016. The total inventory of listed properties is up by 3.1 percent annually. Year to Year the composite value of all Metro Vancouver properties is up 12.7 percent. Residential sales drop 30.8 percent year to year.
The graph indicates a minor uptick of 0.3 percent for the average price of attached units in Metro Vancouver this March compared to February. Last month compared to the previous March the benchmark townhouse price increases 16.3 percent. Attached unit sales year to year register a 25.2 percent decline.
Last month versus March 2016 Vancouver west townhouse prices increase by 14.9 percent. March 2017 compared to the previous March attached unit sales drop by 35.3 percent. Year to year inventory is 3.1 percent lower.
From February to March west side attached sales remain vigorous through a 60 percent jump up. Month to month Vancouver west attached inventory increases 38.8 percent.