The September 2015 Metro Vancouver Housing #'s are here, and the number of properties litsted for sale has not been keeping up with demand. Buyer's spend their summer actively looking to buy, despite active listings sitting 27% below the same period last year. The board reports "that at no point this year has the number of homes listed for sale exceeded 14,000, whis is the first time this has occured in the region since 2007."

 

Here are the hightlights

 

• We saw a 14.5% increase in residential property sales in September 2015 compared to September 2014
• September 2015's sales were 32.9% above the 10-year sales average for the month
• The September sales-to-active-listings ratio was 31% for all Metro Vancouver, a strong seller's market
• The September sales-to-active listings ratio for North Vancouver detached properties was 54.3%
• The September sales-to-active listings ratio for North Vancouver condos & townhouses was 43%
• The September sales-to-active listings ratio for West Vancouver detached properties was 14.4%
• The September sales-to-active listings ratio for Coal Harbour condos was 22%
• Sales of detached properties in September 2015 were on part with September 2014 and 24.3% higher than September 2013
• Sales of apartment properties in September 2015 were 28.7% higher than September 2014 and 50.2% higher than September 2013
• Sales of attached properties in September 2015 were 17.2% higher than September 2014 and 23.1% higher than September  2013

 

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

 

If you have any question on how to captialize on the current trends in your micro market, don't hesitate to give us a call! 604.644.3634

 

 

Dodi and Rachael

 

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