Vancouver east condo analysis
October statistics
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The inventory of new listings in October 2015 is 8 percent lower than the previous October and the total supply of listed properties is down by 30 percent year to year. Composite value is up 15.3 percent October to October.
The graph shows that from September to October Greater Vancouver average monthly condominium sale prices swing positive increasing 2.4 percent. Year to year the overall benchmark price for apartments is up 11.4 percent. The volume of condo sales last month compared to October 2014 rises 21.7 percent.
Vancouver east apartment prices in October 2015 versus the previous October are up by 11.9 percent. East side condo sales last month are 23.2 percent higher than the volume set in October 2014. Year to year east side condo inventory is down 25.9 percent.
This September compared to October east side apartment sales dip down by a slight 1.9 percent. Month to month Vancouver east inventory declines by 20 percent.
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The inventory of new listings in October 2015 is 8 percent lower than the previous October and the total supply of listed properties is down by 30 percent year to year. Composite value is up 15.3 percent October to October.
The graph shows that from September to October Greater Vancouver average monthly condominium sale prices swing positive increasing 2.4 percent. Year to year the overall benchmark price for apartments is up 11.4 percent. The volume of condo sales last month compared to October 2014 rises 21.7 percent.
Vancouver east apartment prices in October 2015 versus the previous October are up by 11.9 percent. East side condo sales last month are 23.2 percent higher than the volume set in October 2014. Year to year east side condo inventory is down 25.9 percent.
This September compared to October east side apartment sales dip down by a slight 1.9 percent. Month to month Vancouver east inventory declines by 20 percent.