If you've been following the real estate trends, or listening to the news, then it should be no surprise Metro Vancouver's residential real estate sales set an all-time record in March. For the first time ever, sales eclipsed 5,000, with a total of 5,173 residential sales. In our North Vancouver Detached and Attached markets we saw sales-to-listing ratios of +100% of listings sold, due to listings selling faster than the listing were replenished. In such an accelerated market, now reallly is the opportune time to sell a property in our markets. If you are considering selling, give me a call 604.644.3634, If my sign is on your lawn you're moving! Regards, Dodi
Here are some highlights:
- Overal for Metro Vancouver March 2016's sales were 56% above the 10 year average for the month
- Sales of North Vancouver Detached Properties were 4% lower than March 2015 with 36% less inventory
- Sales of North Vancouver Attached Properties were 3% higher than March 2015 with 66.7% less inventory
- Sales of West Vancouver Detached Properties were 44.6% higher than March 2015 with 31.5% less inventory
- Sales of West Vancouver Attached Properties were 7% below March 2015 due to 43% less inventory
- Sales of Downtown condo properties were 22% higher than March 2015 with 53% less inventory
Seller's Markets in March 2016:
- The Sales-To-Active listings ratio for Metro Vancouver was 70%, with 7 out of every 10 properties sold
- The Sales-To-Active listings ratio for North Vancouver Detached properties was 108%, with 10+ out of every 10 homes sold
- The Sales-To-Active listings ratio for North Vancouver Attached properties was 126%, with 10+ of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Detached properties was 46%, with 4.6 out of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Attached properties was 49%, with 4.9 out of every 10 homes sold
- The Sales-To-Active listings ratio for Coal Harbour Condos was 118%, with 10+ out of every 10 homes sold
Read your full report here: REBGV March 2016 Residential Stats Package.
*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.