Vancouver west attached market
Attached please find the latest statistics from the Greater Vancouver Real Estate Board.
The News Release trumpets 2015 as history’s highest for home sales despite chronic low inventory.
December 2015 compared to the previous December residential sales increase 33.6 percent. The inventory of new listings last month is 7 percent higher than December 2014 but an indication that demand is not being met is the total supply of listed properties being down by 41.6 percent year to year. Composite value is up 18.9 percent December to December.
The graph shows the monthly average price of attached units in Greater Vancouver is up 4.5 percent from November to December. Last month compared to December 2014 the benchmark price for a townhome rises 13.6 percent. Attached unit sales increase year to year by 25.6 percent.
Last month versus December 2014 Vancouver west townhouse prices increase by 18.7 percent. December 2015 compared to the previous December attached unit sales register a 9.3 percent increase. Year to year inventory is 23 percent lower.
From November 2015 to December 2015 west side attached sales decline 30.9 percent. Month to month Vancouver west attached inventory is down by a large 52.4 percent.