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Blog by Don Kennedy

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Vancouver East Houses

June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property types increase 1.2 percent year to year but the total inventory of listed properties is down by 35.9 percent last month compared to June 2015. Metro Vancouver residential sales rise 0.6 percent year to year. Composite value is up 32.1 percent June to June.

The graph shows the average price for Greater Vancouver detached properties rebounding from May to June with a 1.4 percent increase. The benchmark price for detached houses last month compared to June 2015 is up 38.7 percent. The volume of house sales rises by 18.6 percent year to year.

East side detached house prices this June record a 38.2 percent increase over June 2015. Year to year Vancouver east house sales drop down 26.2 percent. June to June inventory is 30 percent higher.

Last month compared to May 2016 east side house sales retreat via a 24.5 percent decrease. Month to month inventory is 7.3 percent lower.  

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