Once again residential sales in Metro Vancouver are outperforming the 10-year averages, with June 2016 the highest selling June on record. If you are considering selling or buying in the next six months, let's talk. The key to success in such an accelerated market is to be well prepared and getting you ready for all market conditions is my top priority!
Regards, Dodi 604.644.3634
Here are the highlights:
- Overall for Metro Vancouver June 2016's sales were 28.1% above the 10 year average for the month
- Sales of North Vancouver Detached Properties were 1.3% lower than June 2015 with 17.4% less inventory
- Sales of North Vancouver Attached Properties were 3.4% higher than June 2015 with 57.4% less inventory
- Sales of West Vancouver Detached Properties were 28.2% lower than June 2015 with 18.9% less inventory
- Sales of West Vancouver Attached Properties were 12.5% higher than June 2015 with 38.9% less inventory
- Sales of Downtown Condo Properties were 6.3% higher than June 2015 with 47% less inventory
Market types in June 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 56.3%, a seller's market, with 5.6 out of every 10 properties sold
- The Sales-To-Active listings ratio for North Vancouver Detached properties 82%, a seller's market, with 156 sales out of 190 listings
- The Sales-To-Active listings ratio for North Vancouver Attached properties was 112%, a seller's market, with 183 sales out of 164 listings
- The Sales-To-Active listings ratio for West Vancouver Detached properties was 19%, a balanced market, with 74 sales out of 386 listings
- The Sales-To-Active listings ratio for West Vancouver Attached properties was 49%, a seller's market, with 27 sales out of 55 listings
- The Sales-To-Active listings ratio for Coal Harbour Condos was 39%, a seller's market, with 22 sales out of 57 listings
Read your full reports here: North Vancouver June 2016, West Vancouver June 2016, Vancouver West June 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.