Vancouver west attached
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 the monthly average price of attached units in Greater Vancouver tumble to the negative with a 2.8 percent dip from May to June. Last month compared to June 2014 benchmark prices for townhomes rise 7.1 percent. Coincidentally attached unit sales increase year to year by 7.1percent.
Last month versus June 2014 Vancouver west townhouse prices increase by 10.7 percent. June 2015 compared to the previous June attached unit sales register a 23.9 percent increase. Year to year inventory is up 10.1 percent.
From May to June west side attached sales remain negative dropping 6.4 percent. Month to month Vancouver west inventory is reduced by 9.4 percent.