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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 outlines how Sellers are the beneficiaries of high demand. That demand is outpacing historical averages, thus stimulating prices especially for houses and townhomes. In November the composite value of all properties is up 5.8 percent. November to November residential detached, attached and apartment sales increase 22.7 percent. New listings year to year are up 36.2 percent. Still, the total inventory of listed properties is only up 3.2 percent.


The graph shows a close to negligible rise of 0.02 percent in value from October to November for the average attached unit in Metro Vancouver. Last month compared to the previous November the benchmark townhouse price is 5.6 percent better. Year to year the volume of townhome sales is 40.1 percent higher.


Last month compared to November 2019 Vancouver east townhouse prices are up 3.7 percent. Year to year attached unit sales are 17.8 percent higher. This November versus the previous November inventory rises 63.8 percent.


October to November east side attached sales are at par. Month to month attached inventory is down 20.2 percent.