The July 2015 Metro Vancouver Housing #'s are here, and summer heat hasn't slowed buyer activity. Despite the news, buyer confidence continues to be strong, and when combined with low interest rates, many are not wating to find first home, their next step on the property ladder or their dream home.
Here are the hightlights
- We saw a 30% increase in residential property sales in July 2015 compared to July 2014
- July 2015's sales were 33.5% above the 10-year sales average for the month
- Overall for Metro Vancouver there are 5,000-6,000 less properties for sale than any time over the last 5 to 6 years
- The July sales-to-active-listings ratio was 34.6% for all Metro Vancouver, a strong seller's market
- The July sales-to-active listings ratio for North Vancouver detached properties was 61.05%
- The July sales-to-active listings ratio for North Vancouver condos & townhouses was 45.05%
- The July sales-to-active listings ratio for West Vancouver detached properties was 17.53%
- The July sales-to-active listings ratio for Coal Harbour condos was 38.46%
- Sales of detached properties in July 2015 were 17.9% higher than July 2014 and 24.8% higher than July 2013
- Sales of apartment properties in July 2015 were 42.7% higher than July 2014 and 42.9% higher than July 2013
- Sales of attached properties in July 2015 were 30.9% higher than July 2014 and 41.7% higher than July 2013
Click here for your full report: REBGV Metro Vancouver July 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.