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Blog by Don Kennedy

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Vancouver east apartments

2015 statistics 1

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

The News Release describes a brisk start to 2015. Above average sales of a detached house supply straining to meet the current healthy demand is putting upward pressure on prices. Composite value for Greater Vancouver homes last month versus the previous January is up 5.5 percent. Residential sales increase 8.7 percent January to January. The inventory of new listings drops 11.4 percent last month compared to January 2014 while the total supply of properties for sale falls by 14.2 percent year to year.

The graph shows a healthy rebound from December to January in the average monthly condominium sale price for Greater Vancouver, now up 8.7 percent. Year to year the overall benchmark price for apartments is up 2.5 percent. Meantime the volume of condo sales last month compared to January 2014 registers a 7.4 percent increase.

Vancouver east apartment prices this January versus January 2013 register an increase of 2.6 percent. Meantime east side condo sales last month compared to the previous January stay very strong with a 53.2 percent increase. Year to year east side condo inventory is up 3.6 percent.

From December to January east side apartment sales fall back through a 28 percent decline. Month to month inventory really improves with a 71.6 percent boost.

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