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Blog by Don Kennedy

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Vancouver west apartments

June statistics

Attached please find the latest statistics from the Greater Vancouver Real Estate Board.

 

The News Release shows no slow down in the unprecedented demand for detached homes in Greater Vancouver. This along with a good economy, low interest rates and an increasing population combine to pressurize ever higher values. In June 2015 the inventory of new listings grows by 8.7 percent compared to the previous June. However that is not enough to meet demand as the total supply of listed properties declines by 23.9 percent year to year. Meantime residential sales last month increase 28.4 percent compared to the previous June. Composite value is up 10.3 percent June to June.

 

The graph shows that from May to June the average Greater Vancouver monthly condominium sale price stays positive with a modest increase of 0.7 percent. Year to year the overall benchmark price for apartments is up 5.3 percent. The volume of condo sales last month compared to June 2014 increases 35.6 percent.

 

Vancouver east apartment prices in June 2015 versus the previous June increase by 2.9 percent. East side condo sales last month are 37.2 percent higher than the volume set in June 2014. Year to year east side condo inventory is up 0.4 percent.

 

This May to June east side apartment sales increase 2.6 percent. Month to month Vancouver east inventory is down by 2.5 percent.

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