VANCOUVER EAST SEPTEMBER APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reiterates that upward pressure on prices continues unabated due to the lingering insufficient supply. Although this September’s sales are 20.8 percent above the 10-year average for the month, they are still 13.6 percent under those of September 2020. Meanwhile new listings are down 19.2 percent year to year while the total inventory of listed properties falls 29.5 percent September to September. With a lower supply, prices are rising as last month the annual composite value of all properties is 13.8 percent higher.
The graph shows a minor 0.1 percent dip from August to September for the average condominium sale price. September 2021 compared to the previous September the overall benchmark price for an apartment is 8.4 percent higher. Year to year condo sales volume inches up 1.6 percent.
Vancouver east apartment prices last month versus the previous September are up by 5.5 percent. September to September east side apartment sales are down 22.3 percent. Year to year east side condo inventory drops 8.6 percent.
From August to September, east side apartment sales are 1.3 percent lower. Month to month inventory jumps 38.3 percent.