The Real Estate Board of Metro Vancouver reports:
"Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today. With buyer’s less active, especially in the detached market, the supply of homes for sales has accumulated to levels we haven’t seen in the last few years. Last month’s overall residential sales for Metro Vancouver were 28.7% below the 10-year average for June. However, condo and townhome sales in Metro Vancouver are still performing in Seller’s markets."
The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634
The MLS® HPI Benchmark Price of residential properties in June 2018 vs June 2017 were:
- Metro Vancouver: +0.6% for a single family home, +17.2% for a condo, and +15.3% for a townhome
- North Vancouver: +0% for a single family home, +14.1% for a condo, and +11.9% for a townhome
- West Vancouver: -5.8% for a single family home and +10.1% for a condo
- Coal Harbour +18.4% for a condo
- Metro Vancouver's Detached properties is a buyer's market at 11.4% with 778 sales out of 6,796 listings
- Metro Vancouver's Condo properties is a seller's market at 33% with 1,246 sales out of 3,769 listings
- Metro Vancouver's Townhome properties is a seller's market at 27.7% with 373 sales out of 1,346 listings
- North Vancouver Detached properties is a balanced market at 17% with 80 sales out of 470 listings
- North Vancouver Condo properties is a seller's market at 37.9% with 81 sales out of 214 listings
- North Vancouver Townhome properties is a seller's market at 34.4% with 33 sales out of 96 listings
- West Vancouver Detached properties is a buyer's market at 5.4% with 34 sales out of 630 listings
- West Vancouver Condo properties is a buyer's market at 14.1% with 13 sales out of 92 listings
- Coal Harbour Condos are in a balanced market at 18% with 15 sales out of 82 listings
Read your full June reports here: North Vancouver, West Vancouver, Vancouver West
If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca
*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner
The accuracy and completeness of the information is not guaranteed. Data was current on July 5, 2018 from the Real Estate Board of Greater Vancouver
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.