The Real Estate Board of Metro Vancouver reports:
Buyer caution, high prices, new tax announcements, rising interest rates and stricter mortgage requirements are among the factors affecting home buyer and seller activity today. March 2018's residential sales were 23% below the 10-year March average. Despite that, even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low. Last month was the quietest March for home listings since 2009, and the total inventory, particularly in the condo and townhome segments, of homes for sale, remains well below historical norms."
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 March 2018 vs March 2017 were:
- Metro Vancouver: +7.4% for a single family home, +26.2% for a condo, and +17.7% for a townhome
- North Vancouver: +7.8% for a single family home, +24.3% for a condo, and +10.7% for a townhome
- West Vancouver: +4.5% for a single family home and +18.5% for a condo
- Coal Harbour +19.4% for a condo
- Metro Vancouver's Detached properties is a buyer's market at 13.7% with 734 sales out of 5,346 listings
- Metro Vancouver's Condo properties is a seller's market at 61% with 1,356 sales out of 2,224 listings
- Metro Vancouver's Townhome properties is a seller's market at 45.6% with 395 sales out of 867 listings
- North Vancouver Detached properties is a balanced market at 19.6% with 67 sales out of 341 listings
- North Vancouver Condo properties is a seller's market at 92.1% with 117 sales out of 127 listings
- North Vancouver Townhome properties is a seller's market at 53.7% with 29 sales out of 54 listings
- West Vancouver Detached properties is a buyer's market at 5.4% with 26 sales out of 479 listings
- West Vancouver Condo properties is a seller's market at 22.6% with 14 sales out of 62 listings
- Coal Harbour Condos are in a seller's market at 35.7% with 20 sales out of 56 listings
Read your full March 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 April 3, 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.