Vancouver west detached
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 average price of Greater Vancouver detached houses increasing 1.7 percent from May to June. The benchmark price for detached properties last month compared to June 2014 is up 14.8 percent. The volume of house sales rises by 31.3 percent year to year.
This June compared to June 2014 Vancouver west detached prices are 15 percent higher. Year to year west side detached sales see a 34.8 percent increase. June to June inventory records a decrease of 12.5 percent.
May to June sees sales of west side houses undergo a positive rebound with an increase of 11.8 percent. Between those two months inventory declines by 0.7 percent.