Vancouver East Apartments
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points to recent legislation enacted by various levels of government compounded by a market already in flux as precipitators of a marked hesitation now among Real Estate Buyers and Sellers. Metro Vancouver residential sales drop 38.8 percent last month compared to October of 2015. New listings of all property types are down 3.5 percent year to year while the total inventory of listed properties is down by 4.5 percent October to October. Regardless of flagging sales the composite value of all properties is up 24.8 percent year to year.
The graph records a 2.4 percent increase from September to October in the monthly average condominium sale price for Greater Vancouver. Year to year the overall benchmark price for apartments is up 20.5 percent. The volume of condo sales last month compared to October 2015 is down 23.7 percent.
Vancouver east apartment prices in October 2016 versus the previous October are up by 28.4 percent. East side condo sales last month are 29.2 percent lower than October 2015. at 31.3 percent lower year to year east side condo inventory is way down.
Last month versus September east side apartment sales decline 2.7 percent. Month to month Vancouver east inventory is up by 13.3 percent.