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

Blog by Don Kennedy

<< back to article list

Vancouver East Houses 4 17

Stats 17 5.pdf

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

 

The News Release lauds sales returning an above 10 year April average while lamenting a sparse supply. Although activity is below the record set a year ago the conclusion is that upward pressure on prices is a given, particularly regarding the condo and townhouse markets where Sellers will have the upper hand this spring. New listings last month are 19.9 percent lower than April 2016. The total inventory of listed properties is up by 3.5 percent annually. April to April the composite value of all Metro Vancouver properties is up 11.4 percent. Residential sales drop 25.7 percent year to year.

 

The graph illustrates that the average price for Metro Vancouver detached properties gets a 3 percent bump up from March to April. The benchmark price for detached houses last month compared to April 2016 is up 8.1 percent. The volume of house sales is down 38.8 percent year to year.

 

East side house prices this April record a 9.6 percent increase over April 2016. Year to year Vancouver east detached sales drop 21.1 percent. April to April inventory is one percent lower.

 

April to March east side house sales step down via an 8.4 percent decrease. Month to month we see inventory rise 12.4 percent.

Archives