VANCOUVER EAST SEPTEMBER TOWNHOME 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 significant gain in value from August to September of 7.6 percent for the average attached unit in Metro Vancouver. Last month compared to the previous September the benchmark townhouse price is up 17.5 percent. Year to year the volume of townhome sales is 20.8 percent less.
September 2021 compared to last September Vancouver east townhouse prices rise 13.1 percent. Year to year attached unit sales are up 1.3 percent. Inventory increases 2.9 percent this September versus the previous September.
August to September east side attached sales escalate 87.5 percent. Month to month attached inventory balloons 88 percent.