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Blog by Don Kennedy

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Vancouver west attached

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 the monthly average price of attached units in Greater Vancouver declining by 4 percent from December to January. Last month compared to January 2014 benchmark prices for townhomes rise 4.3 percent. Attached unit sales are up by 15.8 percent year to year.

Last month versus January 2014 Vancouver west townhouse prices increase by 10.2 percent. January 2015 compared to the previous January attached unit sales stay robust on the west side via a 31 percent increase. Year to year inventory is up 13.4 percent.

From December to January west side attached sales dip down 16.3. Month to month inventory really fills out however with an increase of 148.7 percent.

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