Metro Vanouver's residential real estate continues to sell at an uprecedented rate, resulting in last month's sales ranking as the hightest May on record. We have started to see a few more home seller's enter the market place in recent months, however buyer demand continues to outpace this new supply. Sellers should fee secure that there are many property options in our micro markets for them to move up or down the property ladder. If you are considering selling, please give me a call 604.644.3634. If my sign is on your lawn you're moving! Regards, Dodi
Here are some highlights:
- Overall for Metro Vancouver May 2016's sales were 35.3% above the 10 year average for the month
- Sales of North Vancouver Detached Properties were 7% lower than May 2015 with 15.7% less inventory
- Sales of North Vancouver Attached Properties were 14.8% higher than May 2015 with 68.9% less inventory
- Sales of West Vancouver Detached Properties were 4% higher than May 2015 with 18.5% less inventory
- Sales of West Vancouver Attached Properties were 23.5% higher than May 2015 with 53.9% less inventory
- Sales of Downtown Condo Properties were 13.9% higher than May 2015 with 49.6% less inventory
Seller's Markets in May 2016: (note, when a sales to listing ratio exceeds 100%, properties are selling faster than the listing inventory is being replenished.)
- The Sales-To-Active listings ratio for Metro Vancouver was 61.7%, with 6.1 out of every 10 properties sold
- The Sales-To-Active listings ratio for North Vancouver Detached properties was 65%, with 6.5 out of every 10 homes sold
- The Sales-To-Active listings ratio for North Vancouver Attached properties was 132%, with 13.2 of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Detached properties was 27%, with 2.7 out of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Attached properties was 89%, with 4.1 out of every 10 homes sold
- The Sales-To-Active listings ratio for Coal Harbour Condos was 103%, with 10.3 out of every 10 condos sold
Read your full reports here: North Vancouver May 2016, West Vancouver May 2016, Vancouver West May 2016.
*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
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.