The Real Estate Board of Metro Vancouver reports “That home buyer activity returned to near record levels across Metro Vancouver in May. And, while sales are inching closer to the record-breaking pace of 2016, the market itself looks different. Sales last year were driven by demand for single-family homes; this year, it’s clear that townhomes and condominiums are leading the way. The sales-to-active listing ratio In Metro Vancouver for single family homes is 31%, 46.6% for condos and 76.1% for townhomes."
With such strong condiitons for Seller's, the key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority in 2017! If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634
The MLS® HPI Benchmark Price of residential properties in Metro Vancouver* May 2017 vs May 2016 were:
- North Vancouver +3% for a single family home, +18.8% for a condo, and +14.9% for a townhome
- West Vancouver -1.5% for a single family home, +21.3% for a condo
- Coal Harbour +12.6% for a condo
Market types in May 2017
- Metro Vancouver's market type is still a seller's market at 53.4% with 5.3 out of every 10 properties sold.
- North Vancouver Detached properties is a sellers market at 41.6% with 139 sales out of 334 listings
- North Vancouver Condo properties is an accelerated seller's market at 114.4% with 135 sales out of 118 listings
- North Vancouver Townhome properties is an accelerated seller's market at 110.3% with 42 sales out of 38 listings
- West Vancouver Detached properties is a buyer's market at 13.1% with 63 sales out of 482 listings
- West Vancouver Condo properties is a seller's market at 60.9% with 28 sales out of 46 listings
- West Vancouver Townhome properties is a seller's market at 21.1% with 4 sales out of 19 listings
- Coal Harbour Condos are in an accelerated seller's market at 78% with 40 sales out of 51 listings
Read your full May reports here: North Vancouver, West Vancouver, Vancouver West
If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca
*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Tsawwassen, Ladner
The accuracy and completeness of the information is not guaranteed. Data was captured on June 2, 2017 from the Real Estate Board of Greater Vancouver
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.