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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 affirms that we have entered uncharted territory indefinitely.


Meantime Realtors are taking their essential service designation very seriously, ensuring the safety of public health while handling the business of those who still want/need to buy and sell Real Estate.


While the month begins with continuing recovery, the latter half of March sees a regression as the result of the Covid 19 pandemic. Last month residential detached, attached and apartment sales increase 46.1 percent compared to March 2019. Year to year the total inventory of listed properties declines 24.8 percent while new listings are 10.4 percent lower in that same time period. March to March the composite value of all Metro Vancouver properties is up 2.1 percent.


The graph shows an uptick of 0.2 percent from February to March for the average attached unit price in Metro Vancouver. Last month compared to the previous March the benchmark townhouse price is up 2.5 percent. Year to year the volume of townhome sales jumps 51.7 percent.


March to March Vancouver west townhouse prices increase 2.2 percent. Attached unit sales improve 52.9 percent year to year. March 2020 versus March 2019 inventory is 20.3 percent lower.


West side attached sales from February to March increase 20.9 percent. Month to month Vancouver west attached inventory is up 4.7 percent.