For Sellers

July 2015 Real Estate Board of Greater Vancouver Statistics Package

Summer heat doesn’t slow home buyer activity

Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on the Multiple Listing Service® (MLS®) in July 2015. This represents a 30 per cent increase compared to the 3,061 sales recorded in July 2014, and a decrease of 9.1 per cent compared to the 4,375 sales in June 2015.

REBGV Price Index to July 2015 Mike Stewart Vancouver Realtor

Last month’s sales were 33.5 per cent above the 10-year sales average for the month.

“Today’s activity continues to benefit sellers as home buyers compete for the homes available for sale,” Darcy McLeod, REBGV president said.

REBGV Prices from 1977 to July 2015 Mike Stewart Vancouver Realtor

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,112 in July. This represents a 3.8 per cent increase compared  Continue Reading…

Housing Market Update for June 2015

July 2015 Sales to Active Ratio BC Mike Stewart Vancouver RealtorMLS® residential sales in the province posted the second strongest June on record. When compared to a year ago, home sales are up 25 per cent. On a seasonally adjusted basis, home sales 0.4 per cent from May.

While consumer demand has been surging, the supply of homes for sale continues to decline. The inventory of homes for sale fell 15 per cent in June, and on a seasonally adjusted basis are now at a seven year low. The imbalance between supply and demand has tipped many areas of the province into seller’s market territory.

Market conditions in the Lower Mainland and on Vancouver Island are particularly tight, prompting a sharp rise in home prices, particularly for single detached homes.

June 2015 REGBV Vancouver Real Estate Statistics Package

 

Metro Vancouver home sales set record pace in June

Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV).

The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. This represents a 28.4 per cent increase compared to the 3,406 sales recorded in June 2014, and an increase of 7.9 per cent compared to the 4,056 sales in May 2015.

June 2015 Real Estate Board of Greater Vancouver 5 year Price Chart

Last month’s sales were 29.1 per cent above the 10-year sales average for the month. It’s the fourth straight month with over 4,000 sales, which is a first in the REBGV’s history. The previous highest number of residential home sales was 4,434, recorded in May 2005.

“Demand in our detached home market continues to drive activity across Metro Vancouver,” Darcy McLeod, REBGV president said. “There were more detached home sales in the region last month than we’ve seen during the month of June in more than 10 years.”

June 2015 Real Estate Board of Greater Vancouver Price Chart from 1977

The MLS® Home Price Index composite benchmark price for  Continue Reading…

April 2015 Vancouver Real Estate Statistics Courtesy REBGV

Home buyer demand outpacing supply across the Metro Vancouver housing market

Strong home buyer demand coupled with below average home listing activity has created seller’s market conditions within the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service® (MLS®) in April 2015. This represents a 37 per cent increase compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared to the 4,060 sales in March 2015.

Last month’s sales were 29.3 per cent above the 10-year sales average for the month.

April 2015 REBGV Stats Price Chart Mike Stewart

“The supply of homes for sale today in the region is not meeting the demand we’re seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled  Continue Reading…

March 2015 REBGV Statistics Package

REBGV Stats Package, March 2015 (2)

 

Metro Vancouver home buyers out in force in March

Demand continued to rise across Metro Vancouver’s housing market in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015.

March 2-15 Vancouver Real Estate Board Price Chart

Last month’s sales were 26.8 per cent above the 10-year sales average for the month.

“We’re seeing strong competition amongst  Continue Reading…