The May 2015 Metro Vancouver Housing #'s are here! It continues to be a very competitive market with competition putting upward pressure on home prices, especially for detached properties. We are seeing strong competition amongst buyers, especially if the house is priced right, and hyper local buying activity with certain neighbourhoods in high demand.

 

Here are the hightlights

 

• We saw a 23.4% increase in residential property sales in May 2015 compared to May 2014
• May 2015's sales were 16.7% above the 10-year sales average for the month
• The May sales-to-active-listings ratio was 32.9% for all Metro Vancouver, the highest ratio since June 2007
• The May sales-to-active listings ratio for North Vancouver detached properties was 59.27%
• The May sales-to-active listings ratio for North Vancouver condos & townhouses was 35.81%
• The May sales-to-active listings ratio for West Vancouver detached properties was 21.37%
• The May sales-to-active listings ratio for Coal Harbour condos was 30.56%
• Sales of detached properties in May 2015 were 18.6% higher than May 2014 and 42.2% higher than May2013
• Sales of apartment properties in May 2015 were 24.4% higher than May 2014 and 40.8% higher than May 2013
• Sales of attached properties in May 2015 were 34% higher than May 2014 and 37.3% higher than May 2013

 

Click here for your full report: REBGV Metro Vancouver May 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!

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