Vancouver Real Estate Market update The Vancouver real estate market continues its record breaking pace. Home sales reached record levels in November 2015. November 2015 had a 40.1 percent increase in the number of sales compared to November 2014. Vancouver West Detached Record prices, multiple offers and foreign buyers blanket the Vancouver West Side detached […]
Vancouver Real Estate Market update The Vancouver real estate market continues to be a Sellers’ market as we approach winter 2015. Continued low interest rates, lack of listings, strong demand and foreign investment are the four main factors responsible for record sale prices. Vancouver to date has the lowest active listings total since December 2010. […]
Vancouver Real Estate Market update The Vancouver real estate market shows no sign of slowing down. August 2015 stats indicated a 30% increase in the number of sales compared to August 2014. This momentum carried through into September 2015 resulting in a 14.5% increase in the number of sales compared to September 2014. In fact […]
Vancouver Real Estate Market Update A lot has happened in the Vancouver real estate market over the past 6 months. One of the biggest changes is that the attached/condo sector has shifted to a Seller’s market. As of July 2015 both the single family detached and the attached condominium markets are Seller markets. The two main […]
What really happened in the Vancouver Real Estate Market in 2014 House prices climbed to record levels; a high percentage of the West Side buyers are still from off shore. The Main, Fraser, Mount Pleasant and Grandview sub areas are proving to be the new Kitsilano in both desirability and higher prices. Well located character […]
Vancouver Real Estate Market Update November sales were very good in both detached houses and attached condo/townhouses. Traditionally November is a quieter month than October and this holds true for 2014 with a 17.7 per cent decline in the number of sales compared to October. However, November 2014 sales were 6.9 per cent above the ten […]
Vancouver Real Estate Market Update September 2014 was an active month in our Vancouver real estate market. It outperformed the previous month of August by 5.4% and it was 17.7% higher in sales compared to September 2013. All areas of the real estate market are performing well. My last month’s newsletter stated that we would […]
Vancouver Real Estate Market Update Traditionally August is the slowest performing month of the calendar year; yet, analysis of August statistics will usually predict how the Fall market will perform. Residential property sales for the month of August 2014 were active in most sectors and outperformed August 2013 by approximately 10%. The total number of […]
Vancouver Real Estate Market Update The Real Estate Board states “June sales-to-active-listings ratio sits at 21.30% absorption rate in Greater Vancouver, and that this is the second straight month the absorption rate has been over 20%”. The 20% absorption rate is calculated for the entire Lower Mainland. Certain sub areas of Vancouver detached housing market […]
Vancouver Real Estate Market Update The Real Estate Board states “May sales-to-active-listings ratio sits at 20.4% absorption rate in Greater Vancouver, which this is the first time that this measure has been above 20% since June 2011”. They note, we are now a Sellers’ market. This statement by the Real Estate Board is not […]
