The Real Estate Board of Greater Vancouver reports that "In October home sales were more than one third above what's typical for this time of year yet the supply of homes for sale is the lowest we've seen in five years." This activity has created some of the most favourable conditions for sellers in a very very long time.
Here are the hightlights
- We saw a 19.3% increase in residential property sales in October 2015 compared to October 2014
- October 2015's sales were 36.2% above the 10-year sales average for the month
- The October sales-to-active-listings ratio was 38.1% for all Metro Vancouver
- The October sales-to-active listings ratio for North Vancouver detached properties was 87.25%, 51% higher than Metro Vancouver
- The October sales-to-active listings ratio for North Vancouver condos & townhouses was 52%
- The October sales-to-active listings ratio for West Vancouver detached properties was 27.8%
- The October sales-to-active listings ratio for Coal Harbour condos was 30%
- Sales of detached properties in October 2015 were 13.1% higher than October 2014 and 34.7% higher than October 2013
- Sales of apartment properties in October 2015 were 21.7% higher than October 2014 and 40.5% higher than October 2013
- Sales of attached properties in October 2015 were 28.6% higher than October 2014 and 34.3% higher than October 2013
Click here for your full report: REBGV Metro Vancouver October 2015 Residential Sales
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Dodi and Rachael
*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.