vancouver east detached market
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release trumpets 2015 as history’s highest for home sales despite chronic low inventory.
December 2015 compared to the previous December residential sales increase 33.6 percent. The inventory of new listings last month is 7 percent higher than December 2014 but an indication that demand is not being met is the total supply of listed properties being down by 41.6 percent year to year. Composite value is up 18.9 percent December to December.
The graph shows an increase in the average price of Greater Vancouver detached properties of 4.3 percent from November to December. The benchmark price for detached houses last month compared to December 2014 is up 24.3 percent. The volume of house sales increases by 36.4 percent year to year.
East side detached house prices in December 2015 record a 26.1 percent increase over the previous December. Year to year Vancouver east house sales rise 24.5 percent while December to December inventory is 47.8 percent higher.
Last month east side house sales drop 15.3 percent compared to November 2015. Month to month inventory falls 31.4 percent.