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Blog by Don Kennedy

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Vancouver east apartments

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

The News Release heralds March 2016 as the highest selling month EVER for the REBGV.

 Last month compared to the previous March Metro Vancouver residential sales are up 27.4 percent. The supply of detached, attached and apartments continues to lag behind demand so although the inventory of new listings last month is 5.2 percent higher than March 2015, the total inventory of listed properties is down by 40.5 percent year to year. Composite value is up 23.2 percent March to March.

The graph measures a 6.1 percent increase from February to March in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 18.5 percent. The volume of condo sales last month compared to March 2015 rises 38.4 percent.

Vancouver east apartment prices in March 2016 versus the previous March are up by 23.3 percent. East side condo sales last month are 9.5 percent higher than the volume set in March 2015. East side condo inventory is down 18.5 percent year to year.

Last month versus February 2016 east side apartment sales jump up 49.6 percent. Month to month Vancouver east subtracts 1.9 percent from its inventory.

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