VANCOUVER EAST JUNE APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release attribute June’s increasing demand and the re-emergence of multiple offers on well priced homes, to a comfort level that Buyers a Sellers enjoy lately thanks to the many safety protocols now practised by Realtors. June to June the composite value of all Metro Vancouver properties is up 3.5 percent. This June, residential detached, attached and apartment sales increase 17.6 percent compared to June 2019. While the year to year total inventory of listed properties declines 23.7 percent, in the same time period new listings are up 21.8 percent.
The graph displays a modest 0.2 percent rise from May to June for the average Metro Vancouver condominium sale price. June 2020 compared to the previous June the overall benchmark price for an apartment is 3.6 percent higher. Year to year condo sales volume is up by 17.4 percent.
Vancouver east apartment prices last month versus the previous June are up by 3.1 percent. June to June east side apartment sales jump up 49.4 percent. Year to year east side condo inventory is 44.9 percent higher.
May to June east side apartment sales see a 71.1 percent increase. Month to month inventory is 56.5 percent greater.