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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 outlines how Sellers are the beneficiaries of high demand. That demand is outpacing historical averages, thus stimulating prices especially for houses and townhomes. In November the composite value of all properties is up 5.8 percent. November to November residential detached, attached and apartment sales increase 22.7 percent. New listings year to year are up 36.2 percent. Still, the total inventory of listed properties is only up 3.2 percent.


The graph shows a close to negligible rise of 0.02 percent in value from October to November for the average attached unit in Metro Vancouver. Last month compared to the previous November the benchmark townhouse price is 5.6 percent better. Year to year the volume of townhome sales is 40.1 percent higher.


Vancouver west townhouse prices are up 1.5 percent from November to November. Attached unit sales balloon 76.5 percent higher year to year. This November versus November 2019 inventory is up 64.5 percent.


West side attached sales from October to November decline 13.7 percent. Month to month Vancouver west attached inventory is 34.5 percent less.