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Blog by Don Kennedy

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Vancouver west 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.

The benchmark price for west side apartments increases 3.1 percent this January versus January 2014. January to January Vancouver west condo sales stay up with an increase of 5.7 percent. Inventory of west side condos slides down 13.8 percent year to year.

From December to January Vancouver west apartment sales are down by 14.8 percent. Inventory tells a different story, burgeoning 173.6 percent month to month.

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