The August 2015 Metro Vancouver Housing #'s are here and many buyers spent the summer searching for their new home. This year we did not see the tradtional seasonal slowdown in any of our residential markets. Between June and August home sales were 25-30% above the 10 year average. Buyers are motivated but facing stiff competition due to active listing inventory 26.2% below the same period in 2014.
Here are the hightlights
- We saw a 21.3% increase in residential property sales in August 2015 compared to August 2014
- August 2015's sales were 27.9% above the 10-year sales average for the month
- The August sales-to-active-listings ratio was 30.9% for all Metro Vancouver, a strong seller's market
- The August sales-to-active listings ratio for North Vancouver detached properties was 63.5%
- The August sales-to-active listings ratio for North Vancouver condos & townhouses was 37.4%
- The August sales-to-active listings ratio for West Vancouver detached properties was 19%
- The August sales-to-active listings ratio for Coal Harbour condos was 40%
- Sales of detached properties in August 2015 were 11.4% higher than August 2014 and 22.6% higher than August 2013
- Sales of apartment properties in August 2015 were 32.7% higher than August 2014 and 46.8% higher than August 2013
- Sales of attached properties in August 2015 were 18.7% higher than August 2014 and 30.2% higher than August 2013
Click here for your full report: REBGV Metro Vancouver August 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.