Vancouver east houses
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 sharp rebound in the average price of Greater Vancouver detached houses which are now up 7.2 percent from January to February. There is a 9.7 percent increase in the benchmark price for detached properties last month compared to February 2014. The volume of house sales increases 25.6 percent year to year.
Eastside detached house prices register a 13.2 percent increase in February 2015 as opposed to the previous February. Year to year Vancouver east sales are up by 11.5 percent. From February to February inventory increases by 3.5 percent.
January 2015 versus last month sales of east side houses really blossom via a 52.6 percent increase. Month to month east side inventory swells by 39.9 percent.