The June 2015 Metro Vancouver Housing #'s are here, and what a month! Last month was the highest selling June and the second highest overall monthly total on record for the REBGV. Combine pent-up buyer demand post 2008 with low interest rates, and even lower active listing inventory, and we see the extremely fast paced and competitive market we have today.
Here are the hightlights
- We saw a 28.4% increase in residential property sales in June 2015 compared to June 2014
- June 2015's sales were 29.1% above the 10-year sales average for the month
- June is the 4th straight month with over 4,000 sales in Metro Vancouver, the first time in REBGV history
- The June sales-to-active-listings ratio was 35.9% for all Metro Vancouver, the highest ratio since June 2006
- The June sales-to-active listings ratio for North Vancouver detached properties was 66.96%
- The June sales-to-active listings ratio for North Vancouver condos & townhouses was 45.97%
- The June sales-to-active listings ratio for West Vancouver detached properties was 21.64%
- The June sales-to-active listings ratio for Coal Harbour condos was 36.17%
- Sales of detached properties in June 2015 were 31.3% higher than June 2014 and 74.2% higher than June 2013
- Sales of apartment properties in June 2015 were 35.6% higher than June 2014 and 66.1% higher than June 2013
- Sales of attached properties in June 2015 were 7.1% higher than June 2014 and 44.3% higher than June 2013
Click here for your full report: REBGV Metro Vancouver June 2015 Residential Sales
If you have any question on how to captialize on the current trends in your micro market, don't hesitate to give us a call! 604.644.3634
With todays market conditions, now is a great time to make a move! If you are planning on changing your lifestyle this year, we want to help you maket the right move! Let's talk 604.644.3634
Dodi and Rachael
*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coas, 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.