Despite listing inventory well below historical averages, the 2015 residential sales in Metro Vancouver were the highest annual total in REBGV history.

 

Here are some of the hightlights:

• We saw a 27.8% increase in residential property sales in 2015 compared to  2014, and a 48.4% increase compared to 2013
• MLS® Home Price Index (HPI) saw double-digit year-over-year price increases
• The sales-to-active listing ratio stayed above 25% for 11 months in Metro Vancouver -  a strong seller's market

North Vancouver outperformed the Metro Vancouver averages: 

• The sales-to-active listing ratio averaged 67% for North Vancouver Detached Properties - a fast paced seller's market, with an average of 9 days-on-market 
• The sales-to-active listing rato averaged 45% for North Vancouver Attached Properties - a very strong seller's market, with an average of 19 days-on-market

In our markets comparing December 2015 to December 2014:

• We saw 21.9% more sales of detached properties in North Vancouver with 50% less inventory
• We saw 58% more sales of attached properties in North Vancouver with 40% less inventory
• We saw 34% more sales of detached properties in West Vancouver with 10.7% less inventory

 

Click here for your full report: REBGV Metro Vancouver December 2015 Residential Sales

 

 With no slow down expected in the marke during 2016, now is the time to sell. if you are considering a change in lifestyle, or you'd like more information on your specific micro market. I'd love to talk to you! Please call 604.644.3634

 

Dodi

 

*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta