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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 highlights a level of comfort settling in with both Buyers and Sellers as home sales and listing activity attains typical September levels for Metro Vancouver. Townhomes and condos are seeing the most benefit from Buyers now more willing to purchase. Last month residential detached, attached and apartment sales increase 46.3 percent compared to September 2018. Year to year the total inventory of listed properties is up 2.7 percent while new listings are down 7.8 percent in that same time period. September to September the composite value of all Metro Vancouver properties is down 7.3 percent.


The graph shows an increase from August to September of 3 percent for the average attached unit price in Metro Vancouver. Last month compared to the previous September the benchmark townhouse price declines 7.2 percent. Year to year the volume of townhome sales strengthens by 53.5 percent.


Last month compared to September 2018 Vancouver east townhouse prices decline 4.3 percent. Year to year attached unit sales see an increase of 37 percent. This September inventory is 21.6 percent higher than the previous September.


August to September east side attached sales are at par. Month to month attached inventory balloons 137.8 percent.