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Blog by Don Kennedy

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Vancouver east apartments

2014 Statistics 12

Attached please find the latest statistics from the Greater Vancouver Real Estate Board.

 

The News Release reviews 2014’s balanced market as typical notwithstanding price increases lead by demand for detached houses. Meantime composite value for Greater Vancouver homes last month versus the previous December is up 5.8 percent. Residential sales increase 8.3 percent December to December. Despite 2014’s overall increase in listings, the total supply of properties for sale falls by 10.7 percent last month compared to December 2013 even while inventory of new listings edges up by 1.7 percent year to year.

 

The graph shows a continued depression of the average Greater Vancouver monthly condominium sale price, now down 6.7 percent from November to December. Year to year the overall benchmark apartment price is up 3.5 percent. Meantime the volume of condo sales last month compared to December 2013 registers a 7.3 percent increase.

 

Vancouver east apartment prices this December versus December 2013 register an increase of 2.1 percent. Meantime last month compared to the previous December east side condo sales escalate, up by 46.6 percent. And year to year east side condo inventory is on a tear, up 179.1 percent.

 

From November to December east side apartment sales spin positive with an increase of 12.8 percent. Month to month inventory declines by 22.1 percent.

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