VANCOUVER WEST OCTOBER TOWNHOME MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release repines continued below average sales for all housing sectors across Greater Vancouver as last month registers at 26.8 percent under the October average. Meantime Buyers are enjoying a growing selection and downward pressure on prices. Total October residential sales are down 34.9 percent compared to October 2017. October to October new listings increase 7.4 percent while the total inventory of listed properties is up 42.1 percent year to year. For October 2018 the composite value of all Metro Vancouver properties increases a mere one percent over the previous October.
The graph records a big loss of 10.9 percent from September to October for the average attached unit price in Metro Vancouver. Last month compared to October 2017 the benchmark townhouse price is up by 4.4 percent. Year to year the volume of townhome sales is down 37.5 percent.
Last month versus October 2017 Vancouver west townhouse prices are down 2.6 percent. This October compared to last October attached unit sales drop 14.8 percent. Year to year inventory is up 5 percent.
From September to October west side attached sales retreat from the negative by posting a 39.4 percent increase. Month to month Vancouver west attached inventory drops by 23.5 percent.