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Blog by Don Kennedy

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Vancouver West Apartments

October 2016 statistics

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.

 

October 2016 versus October 2015 the benchmark price for west side apartments is 19.2 percent higher. Vancouver west condo sales decrease by 34.6 percent year to year. October to October inventory of west side condos is down 5.4 percent.

 

 From September to October, Vancouver west apartment sales decline by 9.1 percent. West side condo inventory decreases 18.7 percent month to month.

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