VANCOUVER WEST SEPTEMBER TOWNHOME MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release has welcome talk of negative policy and political impacts on Vancouver Real Estate in recent years now fading. Of prime importance is the interest rate which has eased a lot and is expected to be reduced again this fall. More purchasing power, lower prices and high inventory provide conditions very favourable for Buyers. Stabilizing market activity for the rest of the year is the current expectation. This September recorded a 1.2 percent increase in residential sales compared to last September. Year to year newly listed properties are up 6.2 percent while last month’s total inventory is 14.4 percent higher than September 2024. The composite value of all properties is 3.2 percent lower September to September.
From August to September the graph shows a 0.04 percent uptick in prices for attached units in Metro Vancouver. Last month compared to September 2024, the benchmark townhouse price is down 2.7 percent. Year to year townhouse sales volume is 5.8 percent lower.
Vancouver west townhouse prices decline three percent from September to September. Attached unit sales fall 30 percent year to year. Townhome inventory dips 12.3 percent this September versus last September.
From August to September Vancouver west attached sales fall 35.2 percent. West side attached inventory rises 78.7 percent month to month.