Vancouver east apartments
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release points to motivated Buyers as the reason for brisk home sales that dramatically exceed the ten year February average for Greater Vancouver. Residential sales increase 21 percent last month versus the previous February. Composite value for regional homes is up 6.5 percent February to February. The inventory of new listings expands by 15.4 percent in February 2015 compared to the previous February but that selection disappears quickly as the total supply of listed properties drops 11.3 percent year to year.
The graph shows a setback from January to February in the average monthly condominium sale price for Greater Vancouver which falls 4.7 percent. However year to year the overall benchmark price for apartments is up 3 percent. And the volume of condo sales last month compared to February 2014 registers a 20.5 percent increase.
Vancouver east apartment prices register an increase of 2.1 percent in February 2015 versus the previous February. East side condo sales last month are at par with the volume set in February 2014. Year to year east side condo inventory is up 7.2 percent.
From January to February 2015 east side apartment sales see a tremendous rebound, increasing by 42.1 percent. Meantime month to month inventory drops by 3 percent.