VANCOUVER WEST JANUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release emphasizes steadiness in describing January 2020 Real Estate activity for Metro Vancouver. It also queries whether the spring market will rise to meet the current Buyer demand. Last month residential detached, attached and apartment sales increase 42.4 percent compared to January 2019. Year to year the total inventory of listed properties recedes 20.3 percent while new listings are 20.1 percent lower in that same time period. January to January the composite value of all Metro Vancouver properties is down 1.2 percent.
The graph shows a rise of 1.5 percent from December to January for the average attached unit price in Metro Vancouver. Last month compared to the previous January the benchmark townhouse price declines 0.7 percent. Year to year the volume of townhome sales is higher by 55.1 percent.
January to January Vancouver west townhouses are one of the few sectors showing an increase, with prices up 2.3 percent. Attached unit sales are up an even 50 percent year to year. January 2020 versus January 2019 inventory is 20 percent lower.
West side attached sales from December to January decline 18.9 percent. Month to month Vancouver west attached inventory is up an expansive 162.9 percent.