Our last blog was on the Real Estate Board of Greater Vancouver's residential statistics for Vancouver East. Today, we'll be looking at Vancouver West. As you can see, year over year, the three property types have seen a decrease in unit sales. However, if we were to compare on a monthly basis, from October 2016 to November 2016, there has been a decrease in sales for detached properties and condos of 11.54% and 1.66%, respectively, and an increase of 54.17% for townhomes.
As for the MLS HPI Benchmark Price, there has been an increase across the board when comparing between 2015 and 2016 in the months of October and November, which is a similar trend for Vancouver East. When comparing October 2016 figures with November 2016 figures, there are mixed results. There was a 1.36% decrease for detached properties, 0.91% increase for condominiums and a 3.07% decrease for townhomes.
For a look at the MLS HPI Benchmark Price over a 10-year span, click here. For all your real estate needs, contact the WeSellVancouver team at firstname.lastname@example.org or alternatively at 604-801-6654.