Vancouver west 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.
Last October compared to October 2015 the benchmark price for west side apartments is 14 percent higher. Vancouver west condo sales increase by 6 percent year to year. October to October inventory of west side condos is 12.3 percent lower.
From September to October Vancouver west apartment sales rebound, up 5.5 percent. Month to month west side inventory is down by 17.6 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.
Last October compared to October 2015 the benchmark price for west side apartments is 14 percent higher. Vancouver west condo sales increase by 6 percent year to year. October to October inventory of west side condos is 12.3 percent lower.
From September to October Vancouver west apartment sales rebound, up 5.5 percent. Month to month west side inventory is down by 17.6 percent.