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Vancouver West Apartments 3 17

Stats 17 4.pdf

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

 

The News Release presents a reversion to above average sales for the month of March and forecasts price softening as unlikely since the Metro Vancouver demand remains greater than the housing supply. Homeowners are displaying a great reluctance to sell, particularly in the condo and townhouse markets. New listings last month have not been so low since 2009 and are 29.1 percent lower than March 2016. The total inventory of listed properties is up by 3.1 percent annually. Year to Year the composite value of all Metro Vancouver properties is up 12.7 percent. Residential sales drop 30.8 percent year to year.

 

The graph illustrates a 2.3 percent dip from February to March in the average condominium sale price for Metro Vancouver. Year to year the overall benchmark price for apartments is up 16.1 percent. The volume of condo sales last month compared to March 2016 is down 18.3 percent.

 

The benchmark price for west side apartments this March versus March 2016 is 9 percent higher. Vancouver west condo sales decrease by 33.4 percent year to year. March to March inventory of west side apartments is down 22.9 percent.

 

February to March Vancouver west apartment sales stay up via a 23 percent increase. Month to month west side condo inventory is topped up by 16.4 percent.

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