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Blog by Don Kennedy

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Vancouver west attached

February statistics

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

 

Due to phenomenal competition the News Release not only reports above average sales last month but also labels February 2016 as the highest selling February on record. Last month compared to the previous February Metro Vancouver residential sales are up 36.3 percent. The price squeeze of this Seller’s market is unlikely to relax as long as supply trails demand and although the inventory of new listings last month is 7.1 percent higher than February 2015, the total supply of listed properties is down by 38.6 percent year to year. Composite value is up 22.2 percent February to February.

 

The graph shows the monthly average price of attached units in Greater Vancouver is up 3.5 percent from January to February. Last month compared to February 2015 the benchmark price for a townhome rises 17 percent. Attached unit sales increase year to year by 15.9 percent.

 

Last month versus February 2015 Vancouver west townhouse prices increase by 19.2 percent. In February 2016 attached unit sales are 19 percent higher than the previous February. Year to year inventory is 23.4 percent lower.

 

From January to February west side attached sales are up a stratospheric 108.3 percent. Month to month Vancouver west attached inventory increases 34.7 percent.

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