Vancouver west townhouse 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 the monthly average price of attached units in Greater Vancouver are up 2.7 percent from September to October. Last month compared to October 2014 the benchmark price for a townhome rises 9.3 percent. Attached unit sales increase year to year by 28.6 percent.
Last month versus October 2014 Vancouver west townhouse prices increase by 8.2 percent. October 2015 compared to the previous October attached unit sales register a 14.7 percent increase. Year to year inventory is up 4.5 percent.
From September to October west side attached sales see a major rebound through a 52.9 percent increase. Month to month Vancouver west inventory shrinks by 17.7 percent.
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 the monthly average price of attached units in Greater Vancouver are up 2.7 percent from September to October. Last month compared to October 2014 the benchmark price for a townhome rises 9.3 percent. Attached unit sales increase year to year by 28.6 percent.
Last month versus October 2014 Vancouver west townhouse prices increase by 8.2 percent. October 2015 compared to the previous October attached unit sales register a 14.7 percent increase. Year to year inventory is up 4.5 percent.
From September to October west side attached sales see a major rebound through a 52.9 percent increase. Month to month Vancouver west inventory shrinks by 17.7 percent.