Vancouver west 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.
Last May compared to May 2015 the benchmark price for west side apartments is 6.5 percent higher. Vancouver west condo sales increase 23.6 percent May to May. Inventory of west side condos is up 5.3 percent year to year.
From April to May Vancouver west apartment sales register a 3.7 percent hike. Month to month west side inventory drops 6.2 percent.