Vancouver west apartments April
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release reiterates conditions of a housing supply not meeting demand particularly in the Greater Vancouver detached home sector where the situation is compounded by below average listings and above average sales. Last month the inventory of new listings declines by 0.9 percent compared to the previous April. The total supply of listed properties is down 19.8 percent year to year. Meantime residential sales in April 2015 increase 37 percent compared to the previous April. Composite value is up 8.5 percent April to April.
The graph shows that from March to April the average Greater Vancouver monthly condominium sale price undergoes a negative reversal via its 1.6 percent decline. Year to year the overall benchmark price for apartments is up 4.4 percent. The volume of condo sales last month compared to April 2014 increases 34.7 percent.
The benchmark price for west side apartments is 7.1 percent higher in April 2015 as opposed to last April. Vancouver west condo sales increase 19.8 percent April to April. Inventory of west side condos is up 0.4 percent year to year.
From March to April Vancouver west apartment sales register a 4.3 percent decrease. Month to month inventory rises 6.2 percent.