Vancouver west attached 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 the monthly average price of attached units in Greater Vancouver increasing 0.1 percent from March to April. Last month compared to April 2014 benchmark prices for townhomes rise 5.7 percent. Attached unit sales are up by a robust 44.8 percent year to year.
Last month versus April 2014 Vancouver west townhouse prices increase by 10.4 percent. April 2015 compared to the previous April attached unit sales register a very healthy 58.4 percent increase. Year to year inventory is up 7.8 percent.
From March to April west side attached sales show a strong 4.6 percent jump up. Month to month inventory rises 7.4 percent.