VANCOUVER WEST AUGUST TOWNHOME MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release reports lower expectations among Sellers prompting a pricing ease in August. As a result, increased transaction volume with Buyers is noted. With an average amount of new listings, the inventory built up during the challenging first part of 2025 is expected to continue diminishing - and that includes higher end properties. This August recorded a 2.9 percent increase in residential sales compared to last August. Year to year newly listed properties are up 2.8 percent while last month’s total inventory is 17.6 percent higher than August 2024. The composite value of all properties is 3.8 percent lower August to August.
From July to August the graph shows a 0.9 percent uptick in prices for attached units in Metro Vancouver. Last month compared to August 2024, the benchmark townhouse price is down 3.5 percent. Year to year townhouse sales volume is 10.5 percent higher.
Vancouver west townhouse prices decline 4.2 percent from August to August. Attached unit sales jump 42.1 percent year to year. Townhome inventory dips 7.2 percent this August versus last August.
From July to August Vancouver west attached sales rise 28.6 percent. West side attached inventory falls by 22.8 percent month to month.