Vancouver west apartments
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 setback from January to February in the average monthly condominium sale price for Greater Vancouver which falls 4.7 percent. However year to year the overall benchmark price for apartments is up 3 percent. And the volume of condo sales last month compared to February 2014 registers a 20.5 percent increase.
The benchmark price increase for west side apartments is 3.7 percent February 2015 versus last February. Vancouver west condo sales jump up 23.1 percent February to February. Inventory of west side condos turns positive with a 16 percent increase year to year.
From January to February Vancouver west apartment sales really move with a 73.5 percent increase. Inventory gets a 14.2 percent lift month to month.