VANCOUVER EAST APRIL TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release confirms predictions of sales and listings in April falling victim to Covid 19 physical distancing measures. Meantime, as an essential service, Realtors have quickly adapted to responsibly serving and advising Sellers and Buyers with new practises and innovative technology.
April sees residential detached, attached and apartment sales decrease 39.4 percent compared to April 2019. Year to year the total inventory of listed properties declines 34.6 percent. In the same time period new listings take a deep dive of 59.7 percent. Despite all of this, April to April the composite value of all Metro Vancouver properties is up 2.5 percent.
The graph shows a downturn of 2.1 percent from March to April for the average attached unit price in Metro Vancouver. Last month compared to the previous April the benchmark townhouse price is up 2.8 percent. Year to year the volume of townhome sales recedes 39.1 percent.
Last month compared to April 2019 Vancouver east townhouse prices appreciate 4.7 percent. Year to year attached unit sales decrease by 50 percent. This April, inventory is 50.5 percent below the previous April.
March to April east side attached sales contract 63.8 percent. Month to month attached inventory is down 23.7 percent.