VANCOUVER EAST OCTOBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release reports no slowdown in October of recent frenzied activity, with sales nearing a record for that month. The pandemic has caused a shift in attention to housing and Realtors remain diligent in creatively helping Buyers safely meet their needs. October 2020 compared to the preceding October sees the composite value of all properties up six percent. October to October residential detached, attached and apartment sales increase 29 percent. New listings year to year are up 36.7 percent but the total inventory of listed properties is only up a mere 1.5 percent.
The graph shows an uptick of 0.6 percent in value from September to October for the average attached unit in Metro Vancouver. Last month compared to the previous October the benchmark townhouse price is 5.4 percent better. Year to year the volume of townhome sales is 45.9 percent higher.
Last month compared to October 2019 Vancouver east townhouse prices are up 4.9 percent. Year to year attached unit sales are indeed higher, up exactly 46.6 percent. Inventory this October versus the previous October is 32.2 percent less.
September to October east side attached sales decrease 10.8 percent. Month to month attached inventory is down 13.1 percent.