VANCOUVER WEST JANUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release notes that to start the year, Sellers are now providing the momentum. January to January newly listed properties are up 46.9 percent. The total inventory is now 33.1 percent higher than January 2024. Meantime Buyers remain active this January, which recorded an 8.1 percent rise in residential sales compared to last January. With sales and listings in equilibrium, the year to year composite value of all properties is only 0.5 percent higher.
From December to January the graph shows prices for attached units in Metro Vancouver decline 2.6 percent. Last month compared to January 2024, the benchmark townhouse price appreciates 2.7 percent. Year to year townhouse sales volume is 12.6 percent higher.
Vancouver west townhouse prices increase 6.6 percent from January to January. Attached unit sales are up an even 100 percent year to year. Townhome inventory jumps 84.3 percent this January versus last January.
From December to January west side attached sales are down 5 percent. Month to month, Vancouver west attached inventory inflates 337.2 percent.