Vancouver East Apartments 2 2017
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release notes continued below average sales for this February albeit by a diminished margin compared to recent months. As contributing factors, unusual snow accumulation now joins a short supply not meeting demand. We have to go back fourteen years to match the low number of new listings of all property types last month which are down 36.9 percent February to February. The total inventory of listed properties is up by 4 percent annually. Last month compared to February of 2016 the composite value of all Metro Vancouver properties is up 14 percent. Residential sales drop 41.9 percent year to year.
The graph displays an 11.7 percent increase from January to February in the average condominium sale price for Metro Vancouver. Year to year the overall benchmark price for apartments is up 15.8 percent. The volume of condo sales last month compared to February 2016 is down 28.8 percent.
Vancouver east apartment prices in February 2017 versus the previous February are up by 15.9 percent. East side apartment sales last month are 14.4 percent below February 2016. Year to year east side condo inventory is up 20.4 percent.
Last month versus January 2016 east side apartment sales rebound with a 58.7 percent increase. Month to month Vancouver east condominium inventory is up 7.2 percent.