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Blog by Don Kennedy

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Vancouver west townhouse 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 the monthly average price of attached units in Greater Vancouver is up 4.2 percent from October to November. Last month compared to November 2014 the benchmark price for a townhome rises 11.3 percent. Attached unit sales increase year to year by 40.7 percent.

Last month versus November 2014 Vancouver west townhouse prices increase by 12.4 percent. November 2015 compared to the previous November attached unit sales register a whopping 58.1 percent increase. Year to year inventory is up 14.5 percent.

From October to November west side attached sales regress via a 12.8 percent decline. Month to month Vancouver west inventory is down by a large 32.3 percent.

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