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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 reports no slowdown in October of recent frenzied activity, with sales nearing a record for that month. The pandemic has caused a shift in attention to housing and Realtors remain diligent in creatively helping Buyers safely meet their needs. October 2020 compared to the preceding October sees the composite value of all properties up six percent. October to October residential detached, attached and apartment sales increase 29 percent. New listings year to year are up 36.7 percent but the total inventory of listed properties is only up a mere 1.5 percent.


The graph shows an uptick of 0.6 percent in value from September to October for the average attached unit in Metro Vancouver. Last month compared to the previous October the benchmark townhouse price is 5.4 percent better. Year to year the volume of townhome sales is 45.9 percent higher.


Vancouver west townhouse prices rise four percent from October to October. Attached unit sales are 11.1 percent higher year to year. This October versus October 2019 inventory is up 4.7 percent.


West side attached sales from September to October are up 27.3 percent. Month to month Vancouver west attached inventory is elevated 13.1 percent.