VANCOUVER WEST JUNE HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release attribute June’s increasing demand and the re-emergence of multiple offers on well priced homes, to a comfort level that Buyers a Sellers enjoy lately thanks to the many safety protocols now practised by Realtors. June to June the composite value of all Metro Vancouver properties is up 3.5 percent. This June, residential detached, attached and apartment sales increase 17.6 percent compared to June 2019. While the year to year total inventory of listed properties declines 23.7 percent, in the same time period new listings are up 21.8 percent.
The graph shows a boost of 2.5 percent from May to June in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 3.6 percent higher than June 2019. The volume of house sales rises 16.1 percent year to year.
Last month versus the previous June, Vancouver west detached prices grow by 4 percent. June 2020 versus June 2019 west side house sales are 30 percent higher. Year to year inventory is up 15.7 percent.
May to June sales of west side houses see an increase of 52.9 percent. Month to month detached inventory climbs 77.8 percent.