VANCOUVER WEST APRIL TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reports surprisingly robust areas in the spring Real Estate market. Despite high interest rates, Buyer demand is on the rise and with depressed inventory, home prices are increasing even more than forecast. Newly listed properties last month are 29.7 percent below April of 2022. Total inventory of listed properties is down 4.2 percent year to year. Sales of all residential properties in Metro Vancouver last month decline 16.5 percent compared to April 2022. The composite value of all properties is 7.4 percent lower April to April.
From March to April there is a 1.1 percent lift on the graph for the average value of attached units in Metro Vancouver. Last month compared to the previous April the benchmark townhouse price is down 6.1 percent. Townhouse sales volume falls 13.5 percent year to year.
Vancouver west townhouse prices are down 4.3 percent from April to April. Attached unit sales drop 45 percent year to year. This April versus April 2022 inventory is 29.7 percent lower.
From March to April, west side attached sales drop 23.3 percent. Month to month, Vancouver west attached inventory is 10.6 percent higher.