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Blog by Don Kennedy

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Vacouver east apartments January

January statistics

Attached please find the latest statistics from the Greater Vancouver Real Estate Board.

January 2016 notes no let up in the record level of Buyer activity for Metro Vancouver. But that demand is frustrated by a short supply so pressure on prices remains unrelenting. Last month compared to the previous January residential sales are up 31.7 percent. The inventory of new listings last month is 6.2 percent lower than January 2015 and the total supply of listed properties is down by 38.6 percent year to year. Composite value is up 20.6 percent January to January.

The graph measures a 3.8 percent increase from December to January which illustrates a real recover in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 15.9 percent. The volume of condo sales last month compared to January 2015 rises 35.5 percent.

Vancouver east apartment prices in January 2016 versus the previous January are up by 18.2 percent. East side condo sales last month are 7.4 percent lower than the volume set in January 2015. Chronically low year to year east side condo inventory may be the cause, it’s down 39.5 percent.

December 2015 compared to last month east side apartment sales drop 18.5 percent. Month to month Vancouver east apartment inventory burgeons by 120.6 percent.