Vancouver west detached analysis
October statistics
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The inventory of new listings in October 2015 is 8 percent lower than the previous October and the total supply of listed properties is down by 30 percent year to year. Composite value is up 15.3 percent October to October.
The graph shows a big rebound in the average price of Greater Vancouver detached properties through a 12.4 percent increase from September to October. The benchmark price for detached houses last month compared to October 2014 is up 20.1 percent. The volume of house sales increases by 34.7 percent year to year.
This October compared to October 2014 Vancouver west detached prices are 20.1 percent higher. Year to year west side detached sales revert to the plus side, increasing 5.1 percent. October to October inventory is down 1.8 percent.
September to October sales of west side houses jump way up by 30.4 percent. Between those two months inventory moves by a similar 30.4 percent but dissimilar decrease.
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The inventory of new listings in October 2015 is 8 percent lower than the previous October and the total supply of listed properties is down by 30 percent year to year. Composite value is up 15.3 percent October to October.
The graph shows a big rebound in the average price of Greater Vancouver detached properties through a 12.4 percent increase from September to October. The benchmark price for detached houses last month compared to October 2014 is up 20.1 percent. The volume of house sales increases by 34.7 percent year to year.
This October compared to October 2014 Vancouver west detached prices are 20.1 percent higher. Year to year west side detached sales revert to the plus side, increasing 5.1 percent. October to October inventory is down 1.8 percent.
September to October sales of west side houses jump way up by 30.4 percent. Between those two months inventory moves by a similar 30.4 percent but dissimilar decrease.