VANCOUVER WEST SEPTEMBER APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release highlights a level of comfort settling in with both Buyers and Sellers as home sales and listing activity attains typical September levels for Metro Vancouver. Townhomes and condos are seeing the most benefit from Buyers now more willing to purchase. Last month residential detached, attached and apartment sales increase 46.3 percent compared to September 2018. Year to year the total inventory of listed properties is up 2.7 percent while new listings are down 7.8 percent in that same time period. September to September the composite value of all Metro Vancouver properties is down 7.3 percent.
The graph surges up 3.4 percent from August to September for the average Metro Vancouver condominium sale price. Year to year the overall benchmark price for apartments is down a minimal 0.4 percent. Condo sales volume jumps 43.6 percent September 2019 compared to the previous September.
Compared to September 2018, last month the benchmark price for west side apartments is 6.1 percent lower. Vancouver west condo sales ramp up 45.6 percent September to September. Year to year west side apartment inventory is at par.
From August to September Vancouver west apartment sales see a 3.5 percent dip. Month to month west side condo inventory rises 53.6 percent.