Vancouver East Apartments
May Statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result is that although the inventory of new listings last month is 11.5 percent higher than May 2015, the total inventory of listed properties is down by 37.3 percent year to year. Composite value is up 29.7 percent May to May.
The graph measures a 7.9 percent lift from April to May in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 22.3 percent. The volume of condo sales last month compared to May 2015 rises 34.4 percent.
Vancouver east apartment prices in May 2016 versus the previous May are up by 25.3 percent. East side condo sales last month are 6.2 percent lower than the volume set in May 2015. East side condo inventory is down 3.3 percent year to year.
Last month versus April 2016 east side apartment sales decline 6.7 percent. Month to month Vancouver east inventory increases 9.4 percent.
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result is that although the inventory of new listings last month is 11.5 percent higher than May 2015, the total inventory of listed properties is down by 37.3 percent year to year. Composite value is up 29.7 percent May to May.
The graph measures a 7.9 percent lift from April to May in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 22.3 percent. The volume of condo sales last month compared to May 2015 rises 34.4 percent.
Vancouver east apartment prices in May 2016 versus the previous May are up by 25.3 percent. East side condo sales last month are 6.2 percent lower than the volume set in May 2015. East side condo inventory is down 3.3 percent year to year.
Last month versus April 2016 east side apartment sales decline 6.7 percent. Month to month Vancouver east inventory increases 9.4 percent.