VANCOUVER EAST JUNE TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release implies that Buyers should not wait much longer to take advantage of the current high inventory, low interest rates and stable prices as there is now cautious optimism for Greater Vancouver Real Estate. While most segments of the market remain in balance and thus moderating prices, last month’s sales declined by half of the drop seen in May, which means inventory levels are escalating less. This is perceived as an emerging sign of recovery. Year to year newly listed properties are up 10.3 percent while last month’s total inventory is 23.8 percent higher than June 2024. This June recorded a 9.8 percent decrease in residential sales compared to last June while the composite value of all properties is 2.8 percent lower June to June.
From May to June the graph shows a 0.8 percent dip in prices for attached units in Metro Vancouver. Last month compared to June 2024, the benchmark townhouse price is down three percent. Year to year townhouse sales volume is 3.7 percent higher.
Last month compared to June 2024 Vancouver east townhouse prices are down 3.8 percent. Year to year attached unit sales decrease 4.5 percent. From June to June inventory is up 9.6 percent.
From May to June east side attached sales are 8.6 percent less. Month to month attached inventory is down 3.5 percent.