VANCOUVER EAST APRIL TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points out that even with stable prices, favourable interest rates and an abundant selection, home buyers remained shy last month, probably due to uncertainty brought on not only by a Federal election but especially because of hyper-erratic American trade policies. Even though year to year newly listed properties are down 3.4 percent, last month’s total inventory is 29.7 percent higher than April 2024. Meantime this April recorded a 23.6 percent decrease in residential sales compared to last April. The composite value of all properties is 1.8 percent lower April to April.
From March to April the graph shows a 0.9 percent uptick in prices for attached units in Metro Vancouver. Last month compared to April 2024, the benchmark townhouse price is reduced 2.9 percent. Year to year townhouse sales volume is 23.8 percent lower.
Last month compared to April 2024 Vancouver east townhouse prices see a 1.4 percent dip. Year to year attached unit sales fall 29.2 percent. From April to April inventory is 17.8 percent lower.
From March to April east side attached sales decline 13.7 percent. Month to month attached inventory is 5.4 percent less.