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Blog by Don Kennedy

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Vancouver west attached

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 the monthly average price of attached units in Greater Vancouver literally doubling back via an increase of 4.7 percent from November to December. Coincidentally last month compared to December 2013 benchmark prices for townhomes rise 4.5 percent. Attached unit sales are up by 8.8 percent year to year.

 

Last month versus December 2013 Vancouver west townhouse prices increase by 8.5 percent. December 2014 compared to the previous December attached unit sales on the west side swing up by 19.4 percent. Meantime year to year inventory balloons by 62.5 percent.

 

From November to December west side attached sales remain at par. Month to month inventory is down by 29.1 percent.

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