VANCOUVER EAST NOVEMBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release starts to answer questions of whether the October surge in sales represents a trend or a one off. It turns out last month was not unique, as November recorded a 28.1 percent boost for residential sales compared to November 2023. The year to year composite value of all properties is 0.9 percent lower and so far inventory has kept prices steady, but a dip in available listings could renew upward pressure on them. November to November newly listed properties are up 10.6 percent. The total inventory is now 21.2 percent higher than November 2023.
From October to November the graph shows prices for attached units in Metro Vancouver are down 3.3 percent. Last month compared to November 2023, the benchmark townhouse price is up 1.8 percent. Year to year townhouse sales volume is 42.7 percent higher.
Last month compared to November 2023 Vancouver east townhouse prices see a one percent uptick. Year to year attached unit sales escalate 97.4 percent. From November to November inventory increases 1.4 percent.
From October to November east side attached sales are 1.4 percent higher. Month to month attached inventory is 18.2 percent lower.