Vancouver east condo market
15 November statistics
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of new listings last month is 12.5 percent higher than November 2014 yet the total supply of listed properties is down by 35 percent year to year. Composite value is up 17.8 percent November to November.
The graph shows that from October to November Greater Vancouver average monthly condominium sale prices increase 1.1 percent. Year to year the overall benchmark price for apartments is up 14 percent. The volume of condo sales last month compared to November 2014 rises 47.6 percent.
Vancouver east apartment prices in November 2015 versus the previous November are up by 13.9 percent. East side condo sales last month are 19.6 percent higher than the volume set in November 2014. Year to year east side condo inventory is down 16.3 percent.
This October compared to November east side apartment sales drop 9.1 percent. Month to month Vancouver east apartment inventory declines by 10 percent.
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of new listings last month is 12.5 percent higher than November 2014 yet the total supply of listed properties is down by 35 percent year to year. Composite value is up 17.8 percent November to November.
The graph shows that from October to November Greater Vancouver average monthly condominium sale prices increase 1.1 percent. Year to year the overall benchmark price for apartments is up 14 percent. The volume of condo sales last month compared to November 2014 rises 47.6 percent.
Vancouver east apartment prices in November 2015 versus the previous November are up by 13.9 percent. East side condo sales last month are 19.6 percent higher than the volume set in November 2014. Year to year east side condo inventory is down 16.3 percent.
This October compared to November east side apartment sales drop 9.1 percent. Month to month Vancouver east apartment inventory declines by 10 percent.