VANCOUVER WEST 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.
Vancouver west townhouse prices rise 11 percent from September to September. Attached unit sales show a significant increase of 20 percent year to year. This September versus September 2020 inventory is 24.2 percent lower.
West side attached sales fall 16.5 percent from August to September. Month to month Vancouver west attached inventory increases 28.9 percent.