Vancouver east detached 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 a minor ebb in the average price of Greater Vancouver detached properties which decreased 0.3 percent from October to November. The benchmark price for detached houses last month compared to November 2014 is up 22.6 percent. The volume of house sales increases by 31.9 percent year to year.
East side detached house prices record a 26.4 percent increase in November 2015 compared to the previous November. Year to year Vancouver east house sales increase 18 percent even while November to November inventory is 47.6 percent lower.
October 2015 versus last month east side house sales drop by 3.4 percent. Month to month inventory falls 14.5 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 a minor ebb in the average price of Greater Vancouver detached properties which decreased 0.3 percent from October to November. The benchmark price for detached houses last month compared to November 2014 is up 22.6 percent. The volume of house sales increases by 31.9 percent year to year.
East side detached house prices record a 26.4 percent increase in November 2015 compared to the previous November. Year to year Vancouver east house sales increase 18 percent even while November to November inventory is 47.6 percent lower.
October 2015 versus last month east side house sales drop by 3.4 percent. Month to month inventory falls 14.5 percent.