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Blog by Don Kennedy

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Vancouver West Apartments

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 measures a 0.6 percent dip from May to June in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 25.3 percent. The volume of condo sales last month compared to June 2015 rises 18.8 percent.

June 2016 versus June 2015 the benchmark price for west side apartments is 31.8 percent higher. Vancouver west condo sales increase by 4 percent year to year. June to June inventory of west side condos is down 7 percent.

 From May to June, Vancouver west apartment sales improve 1.2 percent. West side condo inventory decreases 1.6 percent month to month.

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