Vancouver west attached analysis
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release reports that for most of the year sales of residential homes trended well over the ten year sales average. Compounded by supply not rising to meet demand, this is forcing prices up with detached houses continuing to feel the effects most. Last month compared to September 2014 residential sales increase 14.5 percent. The inventory of new listings in September 2015 is 7.9 percent lower than the previous September and the total supply of listed properties is down by 27 percent year to year. Composite value is up 13.7 percent September to September.
The graph shows the monthly average price of attached units in Greater Vancouver experiencing a positive correction through a 4 percent incline from August to September. Last month compared to September 2014 the benchmark price for a townhome rises 8.1 percent. Attached unit sales increase year to year by 17.2 percent.
Last month versus September 2014 Vancouver west townhouse prices increase by 7.8 percent. September 2015 compared to the previous September attached unit sales register a 7.2 percent decrease. Year to year inventory is down 6.6 percent.
From August to September west side attached sales are 32.9 percent lower. Month to month Vancouver west inventory expands by 31.4 percent.