2 Bedroom Townhomes For Rent Near Me, Condos, townhomes in high demand in Metro Vancouver, real estate board says

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2 Bedroom Townhomes For Rent Near Me –  The Property Board of Greater Vancouver states demand continues to be high for condos and also townhouses in the area, however less so for detached properties. The board states 1,818 houses marketed in January– up 19.4 per cent from the same time in 2015, yet down 9.8 percent from December 2017.

Nevertheless, townhouse and also condo sales were above the 10-year January average by 14.3 as well as 31.6 per cent respectively, while separated homes dropped 24.8 percent listed below it. The board claims the sales-to-active listings proportion last month, which checks out the amount of homes offered compared with those provided, was 57.2 percent for condominiums, 32.8 per cent for townhouses and 11.6 percent for detached residential properties.

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A figure listed below 12 per cent for a continual duration suggests descending pressure on costs, while jumping above 20 per cent for numerous months shows activity in the contrary instructions.

The board states the composite benchmark price for all kinds of buildings in the location was $1,056,500 in January– up 16.6 percent from the exact same month last year and 0.6 percent more than the previous month.

The benchmark price for removed houses was up 8.3 percent from the very same time in 2015 at $1,601,500. It was up 27.4 percent for condominiums at $665,400 as well as 17.5 per cent for townhouses at $803,700.

REBGV president Jill Oudil claims in a declaration that demand stays raised and also listings limited for affixed houses and condominiums, while purchasers seeking detached homes face less competitors as well as have a lot more selection.