Vancouver east detached May
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release emphasizes strong competition for Greater Vancouver Real Estate with the most acute affect (again) being on detached house prices. Still, there remains some diversity in selection and prices for home Buyers. Last month the inventory of new listings is down by 5 percent compared to the previous May. The total supply of listed properties declines by 23.2 percent year to year. Meantime residential sales in May 2015 increase 23.4 percent compared to the previous May. Composite value is up 9.4 percent May to May.
The graph shows the average price of Greater Vancouver detached houses bouncing to the plus side with an increase of 1.3 percent from April to May. The benchmark price for detached properties last month compared to May 2014 is up 14.1 percent. The volume of house sales rises by 18.6 percent year to year.
East side detached house prices record an 18.4 percent increase in May 2015 compared to the previous May. Year to year Vancouver east sales are up by 19.7 percent. From May to May Vancouver east inventory increases by 1 percent.
April 2015 versus last month east side house sales fall back via a 6.4 percent decline. Month to month inventory picks up, increasing 2.1 percent.