VANCOUVER EAST JULY HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release trumpets Metro Vancouver Real Estate activity exceeding the 10 year July average by 9.4 percent and attributes the buoyant market to low interest rates, exciting demand that is being met by a tight supply. Compared to July 2019, this July the composite value of all properties is up 4.5 percent. July to July residential detached, attached and apartment sales increase 22.3 percent. While the year to year total inventory of listed properties declines 15.1 percent, in the same time period new listings are up 28.9 percent.
The graph shows a dip of 1.2 percent from June to July in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 5 percent higher than July 2019. The volume of house sales rises 33.3 percent year to year.
East side house prices year over year are up 9.7 percent. Last month versus July 2019 Vancouver east detached sales show a 35.6 percent boost. July to July inventory increases 23.6 percent.
June to July east side house sales jump up by 34.3 percent. Month to month east side inventory is 1.4 percent higher.