• fax: 1-866-743-3439
  • toll-free: 1-877-366-7327

Blog by Don Kennedy

<< back to article list

Vancouver east houses

2015 statistics 1

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

The News Release describes a brisk start to 2015. Above average sales of a detached house supply straining to meet the current healthy demand is putting upward pressure on prices. Composite value for Greater Vancouver homes last month versus the previous January is up 5.5 percent. Residential sales increase 8.7 percent January to January. The inventory of new listings drops 11.4 percent last month compared to January 2014 while the total supply of properties for sale falls by 14.2 percent year to year.

The graph shows a short term relaxation in the average price of Greater Vancouver detached houses which decline 3.1 percent from December to January. Last month compared to January 2014 there is an 8.4 percent increase for detached benchmark prices. Year to year the volume of house sales logs a 7.3 percent increase.

Eastside detached house prices register a 12.2 percent increase this January as opposed to January 2014. There is a turnaround in year to year Vancouver east sales, now up by 18.7 percent. From January to January inventory is down by 7.7 percent.

December to January sales of east side houses are less stagnant but still down 3.1 percent. Not so with month to month east side inventory which balloons by 136.6 percent.  

Archives