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Blog by Don Kennedy

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Vancouver west 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.

 

The benchmark price for west side apartments increases 6 percent this December versus December 2013. December to December Vancouver west condo sales stay robust with an increase of 10.2 percent. Inventory of west side condos slides down 9.9 percent year to year.

 

From November to December Vancouver west apartment sales are down by 18.7 percent. Inventory is down 43.7 percent between those same months.

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