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Blog by Don Kennedy

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Vancouver west apartments

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

The News Release heralds March 2016 as the highest selling month EVER for the REBGV.

 Last month compared to the previous March Metro Vancouver residential sales are up 27.4 percent. The supply of detached, attached and apartment homes continues to lag behind demand so although the inventory of new listings last month is 5.2 percent higher than March 2015, the total inventory of listed properties is down by 40.5 percent year to year. Composite value is up 23.2 percent March to March.

The graph measures a 6.1 percent increase from February to March in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 18.5 percent. The volume of condo sales last month compared to March 2015 rises 38.4 percent.

March 2016 versus March 2015 the benchmark price for west side apartments is 23.5 percent higher. Vancouver west condo sales increase by 34.7 percent year to year. March to March inventory of west side condos is down 5.2 percent.

 From February to March, Vancouver west apartment sales rise 24 percent. West side inventory increases 0.7 percent.

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