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Blog by Don Kennedy

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Vancouver west condo market

15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of new listings last month is 12.5 percent higher than November 2014 yet the total supply of listed properties is down by 35 percent year to year. Composite value is up 17.8 percent November to November.

The graph shows that from October to November Greater Vancouver average monthly condominium sale prices increase 1.1 percent. Year to year the overall benchmark price for apartments is up 14 percent. The volume of condo sales last month compared to November 2014 rises 47.6 percent.

Last November compared to November 2015 the benchmark price for west side apartments is 17.8 percent higher. Vancouver west condo sales increase by a significant 37.9 percent year to year. November to November inventory of west side condos is up 1.7 percent.

 From October to November Vancouver west apartment sales edge up by 0.2 percent. Month to month west side inventory is down 21.6 percent.


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