The Real Estate Board of Metro Vancouver reports February 2016 was the highest selling February on record for the Metro Vancouver Housing Market.

Here are some highlights: 

• Overal for Metro Vancouver February 2016's sales were 56.3% above the 10 year average for the month
• Sales of North Vancouver Detached Properties were 28.7% higher than February 2015 with 22% less inventory
• Sales of North Vancouver Attached Properties were 23% higher than February 2015 with 62.7% less inventory
• Sales of West Vancouver Detached Properties were 20.7% higher than February 2015 with 24% less inventory
• Sales of West Vancouver Attached Properties were 23% below February 2015 due to 36% less inventory
• Sales of Downtown condo properties were 28.7% higher than February 2015 with 22% less inventory

Seller's Markets in February 2016:

• The Sales-To-Active listings ratio for Metro Vancouver was 57%, with 5.7 out of every 10 properties sold, Indicating a strong seller's market.
• The Sales-To-Active listings ratio for North Vancouver Detached properties was 81%, with 8.1 out of every 10 homes sold
• The Sales-To-Active listings ratio for North Vancouver Attached properties was 96%, with 9.6 out of every 10 homes sold
• The Sales-To-Active listings ratio for West Vancouver Detached properties was 40%, with 4 out of every 10 homes sold
• The Sales-To-Active listings ratio for West Vancouver Attached properties was 29%, with 2.9 out of every 10 homes sold
• The Sales-To-Active listings ratio for Coal Harbour Condos was 71%, with 7.1 out of every 10 homes sold

Read your full report here: REBGV February 2016 Residential Stats Package.

If you are planning on selling or buying the time to do so is now, and I'm here to help you achieve your real este goals in this fast paced market. Please give me a call 604.644.3634

Regards, Dodi