• fax: 1-866-743-3439
  • toll-free: 1-877-366-7327

Blog by Don Kennedy

<< back to article list

Vancouver West Apartments

2016 December Statistics

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

 

The News Release points out that 2016 was Metro Vancouver’s third highest for annual sales of Real Estate despite a slowdown in the latter potion of the year. Whether that pullback was the result of government tinkering or from supply catching up with demand will not be confirmed for some time. Comparing 2016 to 2015 (one of the other top 3 years) total sales are down 5.6 percent.

 

Last month compared to December of 2015 composite value of all Metro Vancouver properties is up 17.8 percent. Residential sales drop 39.4 percent year to year. New listings of all property types are down 35.1 percent December to December while the total inventory of listed properties is up by 5.3 percent annually.

 

The graph records a 4.8 percent increase from November to December in the average condominium sale price for Metro Vancouver. Year to year the overall benchmark price for apartments is up 17.3 percent. The volume of condo sales last month compared to December 2015 is down 25.3 percent.

 

December 2016 versus December 2015 the benchmark price for west side apartments is 12.9 percent higher. Vancouver west condo sales decrease by 28.4 percent year to year. December to December inventory of west side apartments is down 36.8 percent.

 

November to December Vancouver west apartment sales go down 19.9 percent. Month to month west side condo inventory drops a remarkable 62.8 percent.

Archives