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Blog by Don Kennedy

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Vancouver west attached

3 15 stats

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


The News Release points to motivated Buyers as the reason for brisk home sales that dramatically exceed the ten year February average for Greater Vancouver. Residential sales increase 21 percent last month versus the previous February. Composite value for regional homes is up 6.5 percent February to February. The inventory of new listings expands by 15.4 percent in February 2015 compared to the previous February but that selection disappears quickly as the total supply of listed properties drops 11.3 percent year to year.


The graph shows a turnaround in the monthly average price of attached units in Greater Vancouver through a 6.9 percent lift from January to February. Last month compared to February 2014 benchmark prices for townhomes rise 4.6 percent. Attached unit sales are up by 11.8 percent year to year.


Last month versus February 2014 Vancouver west townhouse prices increase by 9.1 percent. February 2015 compared to the previous February attached unit sales register a 34 percent increase. Year to year inventory is up 48.3 percent.


From January to February west side attached sales shoot up by 75 percent. Month to month inventory rises 14.2 percent.