VANCOUVER WEST DECEMBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reflects on 2024 as having a sales increase of 1.2 percent over 2023 while also noting the year being 20.9 percent below the annual sales average. There is also optimism, as the year ended not on a downturn but an upswing expected to carry on into 2025.
Last month recorded a 31.2 percent rise in residential sales compared to December 2024. The year to year composite value of all properties is 0.5 percent higher. December to December newly listed properties are up 26.3 percent. The total inventory is now 24.4 percent higher than December 2024.
From November to December the graph shows prices for attached units in Metro Vancouver are up 1.4 percent. Last month compared to December 2024, the benchmark townhouse price improves 3.4 percent. Year to year townhouse sales volume is 55.9 percent higher.
Vancouver west townhouse prices rise 8.3 percent from December to December. Attached unit sales escalate 73.9 percent year to year. Townhome inventory jumps 79.2 percent this December versus last December.
From November to December west side attached sales fall 42 percent. Month to month, Vancouver west attached inventory deflates 60.6 percent.