Vancouver east houses
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 year end surge in the average price of Greater Vancouver detached houses, now up by 5.4 percent from November to December. Last month compared to December 2013 there is an 8.1 percent increase for detached benchmark prices. Year to year the volume of house sales repeats a 9.3 percent bump up.
Eastside detached house prices repeat an 11.9 percent increase this December as opposed to December 2013. Year to year Vancouver east sales retreat by registering a 10.9 percent drop. From December to December inventory is down by 6.5 percent.
November to December sales of east side houses remain in the doldrums, down 19.7 percent. Month to month east side inventory declines by 31.1 percent.