Vancouver west attached
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release describes today’s Buyers as strongly competitive resulting in high demand and upward pressure on prices. The low volume this causes plus sales well above average for March produce ideal conditions for Sellers waiting for a good time to list their homes on the Multiple Listing Service.
Residential sales in March 2015 increase 53.7 percent compared to the previous March. Composite value for regional homes is up 7.2 percent March to March. Last month the inventory of new listings expands by 13 percent compared to the previous March. This however is not satisfying demand as the total supply of listed properties is down 14.5 percent year to year.
The graph shows the monthly average price of attached units in Greater Vancouver increasing 4.8 percent from February to March. Last month compared to March 2014 benchmark prices for townhomes rise 4.9 percent. Attached unit sales are up by a robust 72.3 percent year to year.
Last month versus March 2014 Vancouver west townhouse prices increase by 10.2 percent. March 2015 compared to the previous March attached unit sales register a very healthy 125 percent increase. Year to year inventory is up 43.2 percent.
From February to March west side attached sales show a strong 71.4 percent jump up. Month to month inventory rises 12.9 percent.