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Blog by Don Kennedy

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


The News Release discusses a higher comfort level among Buyers and Sellers as they acclimate to the physical distancing requirements of WorkSafeBC and the provincial health office. Meantime home prices have so far remained unaffected by Covid 19 sequestering. May to May the composite value of all Metro Vancouver properties is up 2.9 percent. This May, residential detached, attached and apartment sales decrease 43.7 percent compared to May 2019. Year to year the total inventory of listed properties declines 32.4 percent. In the same time period new listings are down 37.1 percent.


The graph shows an upturn of 0.7 percent from April to May for the average attached unit price in Metro Vancouver. Last month compared to the previous May the benchmark townhouse price is up 1.8 percent. Year to year the volume of townhome sales declines 37.8 percent.


Last month compared to May 2019 Vancouver east townhouse prices move upward by 2.7 percent. Year to year attached unit sales decrease by 58.3 percent. This May, inventory is 26.2 percent below the previous May.


April to May east side attached sales increase 47.1 percent. Month to month attached inventory is up 68.9 percent.