VANCOUVER WEST JANUARY TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release repeats that home sales activity is outpacing the supply. Low interest rates are encouraging Buyers, although shifting housing need due to the pandemic leave some sectors more favoured than others. Still, last month sales were 36.4 percent above the average for January and all prices are feeling upward pressure. Last month the annual composite value of all properties is up 5.5 percent. Compared to January 2020, residential detached, attached and apartment sales increase 52.1 percent. New listings year to year are up 15.7 percent. The total inventory of listed properties however is down 3.6 percent January to January.
The graph shows a 3.6 percent bump up in value from December to January for the average attached unit in Metro Vancouver. Last month compared to the previous January the benchmark townhouse price is 4.3 percent better. Year to year the volume of townhome sales is 42.8 percent higher.
Vancouver west townhouse prices dip 0.4 percent from January to January. Attached unit sales are 26.6 percent higher year to year. This January versus January 2020 inventory is up 15.2 percent.
West side attached sales are at par from December to January. Month to month Vancouver west attached inventory is much higher, up 130.4 percent.