• fax: 1-866-743-3439
  • toll-free: 1-877-366-7327

Blog by Don Kennedy

<< back to article list

Vancouver west detached 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 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.

 

This May compared to May 2014 Vancouver west detached prices are 14.4 percent higher. Year to year west side detached sales see a 19.7 percent increase. May to May inventory records an increase of one percent.

 

April to May sees sales of west side houses dip down 6.4 percent. Between those two months inventory rises by 2.1 percent. 

Archives