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Blog by Don Kennedy

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VANCOUVER EAST JANUARY TOWNHOME MARKET

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release repeats that home sales activity is outpacing the supply. Low interest rates are encouraging Buyers, although shifting housing need due to the pandemic leave some sectors more favoured than others. Still, last month sales were 36.4 percent above the average for January and all prices are feeling upward pressure. Last month the annual composite value of all properties is up 5.5 percent. Compared to January 2020, residential detached, attached and apartment sales increase 52.1 percent. New listings year to year are up 15.7 percent. The total inventory of listed properties however is down 3.6 percent January to January.

 

The graph shows a 3.6 percent bump up in value from December to January for the average attached unit in Metro Vancouver. Last month compared to the previous January the benchmark townhouse price is 4.3 percent better. Year to year the volume of townhome sales is 42.8 percent higher.

 

Last month compared to January 2020 Vancouver east townhouse prices are up 2.1 percent. Year to year attached unit sales are 60 percent higher. This January versus the previous January, inventory increases 68.2 percent.

 

December to January east side attached sales are 29.4 percent lower. Month to month attached inventory rises 112 percent.

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