VANCOUVER EAST FEBRUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reflects on last month as having Sellers return to the market, adding 31.1 percent more new listings than February 2023. Total inventory is up 16.3 percent. This mitigates the market tilting into overheated conditions but doesn’t abate the accelerated prices that started the year due to Buyer demand. Residential sales are 13.5 percent higher February to February, the composite value of all properties is 4.5 percent higher year to year and the advantage seems to be moving in favour of Sellers.
From January to February the graph shows a 3.8 percent increase in prices for attached units in Metro Vancouver. Last month compared to February 2023, the benchmark townhouse price is up 4.2 percent. Year to year townhouse sales volume is 10.1 percent higher.
Last month compared to February 2023 Vancouver east townhouse prices are 5 percent higher. Year to year attached unit sales are 67.5 percent higher. From February to February inventory rises 39.5 percent.
January to February east side attached sales are 11.7 percent higher. Month to month attached inventory inches up 0.6 percent.