Vancouver east apartments May
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release emphasizes strong competition for Greater Vancouver Real Estate with the most acute affect (again) being on detached house prices. Still, there remains some diversity in selection and prices for home Buyers. Last month the inventory of new listings is down by 5 percent compared to the previous May. The total supply of listed properties declines by 23.2 percent year to year. Meantime residential sales in May 2015 increase 23.4 percent compared to the previous May. Composite value is up 9.4 percent May to May.
The graph shows that from April to May the average Greater Vancouver monthly condominium sale price returns to positive territory with an increase of 4.1 percent. Year to year the overall benchmark price for apartments is up 4.6 percent. The volume of condo sales last month compared to May 2014 increases 24.4 percent.
Vancouver east apartment prices strengthen in May 2015 versus the previous May with an increase of 0.6 percent. East side condo sales last month are 31 percent higher than the volume set in May 2014. Year to year east side condo inventory is down 0.4 percent.
From April to May 2015 east side apartment sales show a strong turnaround, increasing 14.1 percent. Month to month Vancouver east inventory is down by 6.3 percent.