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Blog by Don Kennedy

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Vancouver west houses

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 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.

 

This December compared to December 2013 Vancouver west detached prices are 10.6 percent higher. Meantime last month west side detached sales stubbornly stay deflated via another year to year decline, this time by 10.8 percent. December to December inventory is down 11.5 percent.

 

November to December sales of west side houses are down by 15.4 percent. Inventory experiences another month to month depletion of 23.1 percent. 

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