VANCOUVER EAST JANUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release emphasizes steadiness in describing January 2020 Real Estate activity for Metro Vancouver. It also queries whether the spring market will rise to meet the current Buyer demand. Last month residential detached, attached and apartment sales increase 42.4 percent compared to January 2019. Year to year the total inventory of listed properties recedes 20.3 percent while new listings are 20.1 percent lower in that same time period. January to January the composite value of all Metro Vancouver properties is down 1.2 percent.
The graph shows a rise of 1.5 percent from December to January for the average attached unit price in Metro Vancouver. Last month compared to the previous January the benchmark townhouse price declines 0.7 percent. Year to year the volume of townhome sales is higher by 55.1 percent.
Last month compared to January 2019 Vancouver east townhouse prices are up an impressive 7.5 percent. Year to year attached unit sales register a rousing 130.7 percent increase. This January, inventory is 5.9 percent below the previous January.
December to January east side attached sales are down 14.3 percent. Month to month attached inventory swells by 250 percent.