Vancouver West Houses
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 shows a dip of 3.9 percent from April to May in the average price for Greater Vancouver detached properties. The benchmark price for detached houses last month compared to May 2015 is up 36.9 percent. The volume of house sales rises by 8.2 percent year to year.
Last month versus May 2015 Vancouver west detached prices are 34.7 percent higher. Year to year west side detached sales decrease 9.4 percent. We see an inventory drop of 4.8 percent May to May.
April to May sales of west side houses decline 17 percent. Month to month detached inventory contracts by 13.2 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 shows a dip of 3.9 percent from April to May in the average price for Greater Vancouver detached properties. The benchmark price for detached houses last month compared to May 2015 is up 36.9 percent. The volume of house sales rises by 8.2 percent year to year.
Last month versus May 2015 Vancouver west detached prices are 34.7 percent higher. Year to year west side detached sales decrease 9.4 percent. We see an inventory drop of 4.8 percent May to May.
April to May sales of west side houses decline 17 percent. Month to month detached inventory contracts by 13.2 percent.