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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 trumpets Metro Vancouver Real Estate activity exceeding the 10 year July average by 9.4 percent and attributes the buoyant market to low interest rates, exciting demand that is being met by a tight supply. Compared to July 2019, this July the composite value of all properties is up 4.5 percent. July to July residential detached, attached and apartment sales increase 22.3 percent. While the year to year total inventory of listed properties declines 15.1 percent, in the same time period new listings are up 28.9 percent.


The graph shows a miniscule downturn of 0.05 percent from June to July for the average attached unit price in Metro Vancouver. Last month compared to the previous July the benchmark townhouse price increases 3.7 percent. Year to year the volume of townhome sales rises 28.3 percent.


Vancouver west townhouse prices dip by a modest 2.3 percent from July to July. Attached unit sales are at par year to year. This July versus July 2019 inventory is up 14.8 percent.


West side attached sales from June to July are 20.8 percent higher. Month to month Vancouver west attached inventory is up 6.1 percent.