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Blog by Don Kennedy

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Vancouver East Apartments

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

The News Release extols April 2016 as the highest selling April on record.

 Last month compared to the previous April Metro Vancouver residential sales climb 14.4 percent. Unprecedented and intense demand for detached, attached and apartment homes continues to quickly outstrip supply so that although the inventory of new listings last month is 3.9 percent higher than April 2015, the total inventory of listed properties is down by 39.3 percent year to year. Composite value is up 25.3 percent April to April.

The graph measures a 6.2 percent decrease from March to April in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 20.6 percent. The volume of condo sales last month compared to April 2015 rises 33.4 percent.

Vancouver east apartment prices in April 2016 versus the previous April are up by 25.6 percent. East side condo sales last month are 14.7 percent higher than the volume set in April 2015. East side condo inventory is down 17.2 percent year to year.

Last month versus March 2016 east side apartment sales retreat downward 6.3 percent. Month to month Vancouver east adds 5 percent to its inventory.

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