Vancouver east apartments April
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release reiterates conditions of a housing supply not meeting demand particularly in the Greater Vancouver detached home sector where the situation is compounded by below average listings and above average sales. Last month the inventory of new listings declines by 0.9 percent compared to the previous April. The total supply of listed properties is down 19.8 percent year to year. Meantime residential sales in April 2015 increase 37 percent compared to the previous April. Composite value is up 8.5 percent April to April.
The graph shows that from March to April the average monthly condominium sale price for Greater Vancouver undergoes a negative reversal via its 1.6 percent decline. Year to year the overall benchmark price for apartments is up 4.4 percent. The volume of condo sales last month compared to April 2014 increases 34.7 percent.
Vancouver east apartment prices continue to favour Buyers with a decrease of 0.2 percent in April 2015 versus the previous April. However east side condo sales last month are 47.8 percent higher than the volume set in April 2014. Year to year east side condo inventory is down 0.3 percent.
From March to April 2015 east side apartment sales register a decline of 10.5 percent. Month to month inventory is up by 3.2 percent.