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Blog by Don Kennedy

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Vancouver west attached January

January statistics

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

January 2016 notes no let up in the record level of Buyer activity for Metro Vancouver. But that demand is frustrated by a short supply so pressure on prices remains unrelenting. Last month compared to the previous January residential sales are up 31.7 percent. The inventory of new listings last month is 6.2 percent lower than January 2015 and the total supply of listed properties is down by 38.6 percent year to year. Composite value is up 20.6 percent January to January.

The graph shows the monthly average price of attached units in Greater Vancouver is up 9.5 percent from December to January. Last month compared to January 2015 the benchmark price for a townhome rises 14.6 percent. Attached unit sales increase year to year by 16.4 percent.

Last month versus January 2015 Vancouver west townhouse prices increase by 17.7 percent. In January 2016 attached unit sales are at par with the previous January. Year to year inventory is 22.7 percent lower.

From December 2015 to January 2016 west side attached sales decline 23.4 percent. Month to month Vancouver west attached inventory is a corpulent 150 percent larger.

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