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Blog by Don Kennedy

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Vancouver west attached May

May statistics

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 monthly average price of attached units in Greater Vancouver increasing 1.6 percent from April to May. Last month compared to May 2014 benchmark prices for townhomes rise 6.4 percent. Attached unit sales remain strong with a year to year increase of 34 percent.

 

Last month versus May 2014 Vancouver west townhouse prices increase by 9.1 percent. May 2015 compared to the previous May attached unit sales register a very healthy 49.2 percent increase. Year to year inventory is up 3.3 percent.

 

From April to May west side attached sales slide to the negative dropping 8.7 percent. Month to month Vancouver west inventory is reduced by 15.2 percent.

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